Corporate Social Responsibility reporting requires detailed board level disclosure and explanations for any unspent CSR obligations.

Disclosure in the board's report must include the company's CSR policy summary and weblink, CSR Committee composition, average net profit for the preceding three years, prescribed CSR expenditure (two per cent of that average), and detailed project-level reporting of CSR spending including totals, unspent amounts, project identification, sector, location, budget, direct and implementing-agency expenditures, overheads and cumulative spend; reasons for any shortfall in spending and a CSR Committee responsibility statement confirming compliance with CSR objectives and policy are also required.

---

---

---