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Tech Industry and CSR: Insights and Impactful Stories

March 7, 2025 94 0 nasscom insights Tech for Good Impact Stories

Tech Industry and CSR: Insights and Impactful Stories

Over the past decade, the Indian tech industry has empowered millions through CSR initiatives focused on diverse areas like education, skilling and employability, sustainability, healthcare, gender equality etc.This report,done in partnership with Nasscom Foundation, highlights the pivotal role played by tech companies in driving social impact,showcases successful CSR initiatives,key learnings for CSR leaders,identifies challenges that the industry is facing and outlines recommendations for stakeholders including the government, companies, NGOs. Further, it highlights how leveraging technology and undertaking focused strategies aligned with the national agenda and UN SDGs, can help develop the CSR landscape as a powerful tool for initiating long-term change and create transformative impact in India’s social fabric during the coming years.

Key Highlights

  • Rise in CSR activity in India
    • In FY23, corporate participation in CSR activities saw a significant rise, with the number of companies engaged in CSR growing by 22% compared to FY22
    • Total CSR spending also witnessed a 13% increase over the previous year, reflecting a stronger commitment to social responsibility.
    • Additionally, the proportion of companies allocating more than 2% of their profits to CSR initiatives grew from 64% in FY19 to 74% in FY23, highlighting a steady shift toward higher corporate contributions to social impact.
  • Tech industry’s impact on CSR in India
    • Tech companies contribute significantly to corporate social responsibility, accounting for 23% of CSR spending among India’s top 20 contributors.
    • 83% of tech companies reported spending more than 2% of their profits on CSR—1.27 times higher than non-tech companies.
    • In FY23, 75 leading tech companies spearheaded over 2,610 CSR projects.
  • Increased Alignment with National Goals and UN SDGs
    • 41% organizations are allotting top priority to CSR goals that align with SDGs and national agenda.
    • Key national priorities include employment creation, skilling, and social justice, while SDGs focus on quality education, gender equality, and good health.
  • Enhanced Impact through Tech-led Initiatives
    • The adoption of technology in CSR initiatives is accelerating, with approximately 65% of projects in 2024 classified as tech-led.
    • This integration has significantly enhanced impact, with 90% of such projects reporting greater scalability, efficiency, and meaningful outcomes.
    • Companies are leveraging key tools such as AI-driven monitoring and optimization solutions, digital finance platforms, digital learning platforms for curated courses, and advanced teacher training mechanisms to drive social change.

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