An Analysis of Housing Development Finance Corporation Limited’s Corporate Social Responsibility Initiatives

Abstract

The term “Corporate Social Responsibility” or CSR, refers to the methods devised by businesses to run their operations in an ethical and societyfriendly manner, with the goal of contributing to the growth of both the global community and the globe as a whole. The concept of “corporate responsibility” stipulates that organisations should run their businesses in such a manner that they have a beneficial effect on both society and the environment, while at the same time increasing the value they provide for their many stakeholders. The idea of corporate social responsibility, as well as Housing Development Finance Corporation’s practices on corporate social responsibility, are the subjects of this research paper. The paper analyzed how HDFC concentrated its efforts across three primary subject areas, namely education, healthcare, and sanitation. In addition, the company made a contribution to the reconstruction of houses in the state of Kerala that had been badly destroyed as a result of the disastrous floods. It formed a partnership with the Maharashtra state government to carry out the “Village Transformation Mission.” In addition to this, it cooperated with organisations that were working toward the preservation of biodiversity and the environment, as well as supporting the participation of Indian athletes in global athletic competitions. The H.T. Parekh Foundation ramped up its efforts to reach out to disadvantaged groups in a number of different states throughout the country when the country was under a state of emergency. Numerous recommendations are offered to enhance the CSR practices of the chosen company as well as those of other businesses throughout the globe.