Measuring CSR Effectiveness for Sustainable Development in Selected Automobile Companies in India

The implementation of CSR by a company extends beyond legal compliance and entails measures that seem to advance some societal good, above and beyond the interests of the company. The main aim of the study is to investigate the impact of corporate social responsibility (CSR) on the sustainability of selected Automobile companies listed in the NSE. The study is based upon the secondary data collected from companies' annual reports and sustainability reports for last seven years ranging from 2014-2015 to 2020-21. The data is analysed using the statistical technique ANOVA and correlations using the SPSS software. The results of the study revealed that the change in the Environment sustainability has not improved during the study period, while the differences in the CSR expenditure of the automobile companies were found significant and the CSR expenditure has insignificant relation of profitability of the next year of the selected companies.