With corporate India now geared up to spend up to 2% of their average net profits over the last 3 years for socially responsible activities there is a need for credibility and due diligence of the NGOs. As per a recent analysis done by BSE, there are 1,294 companies listed on its exchange that are required to spend nearly Rs.7,800 crores on CSR activities in the FY'16.
With about 20 lakh NGOs registered in India there is considerable confusion among corporates on their legitimacy and credibility. Corporates, especially the small and medium ones need a trusted marketplace or intermediary to be able to identify and partner with a NGO for their CSR compliance.
Sammaan is a first of its kind initiative in the world which enables companies to undertake effective CSR activities by connecting them to non-profit and non-government agencies that have legitimate records.
Sammaan brings together BSE's exchange capabilities along with Confederation of Indian Industry's (CII's) strong industry connect and Indian Institute of Corporate Affairs's (IICA's) knowledge expertise to enable effective CSR compliance.
Credibility Alliance in one of the associate partner in this initiative.
For further information, visit. http://www.bsesammaan.com