Home | Sitemap | Archives | Advanced Search

Change font-size
India at a Glance > Trends > Corporate Social Responsibility/Human Resource
India at a Glance
India and the world
Trends
India Directories
 
 
 
 
 
 


Corporate Social Responsibility / Human Resource

Last Updated: December 2009
 

Indian companies are now expected to discharge their stakeholder responsibilities and societal obligations, along with their shareholder-wealth maximisation goal.

Nearly all leading corporates in India are involved in corporate social responsibility (CSR) programmes in areas like education, health, livelihood creation, skill development, and empowerment of weaker sections of the society. Notable efforts have come from the Tata Group, Infosys, Bharti Enterprises, Coca Cola India, Pepsico and ITC Welcome group, among others.

In fact, four Indians, including Sunil Mittal, Chairman and Managing Director of the Bharti Group, NRI businessman Anil Agarwal, Shiv Nadar, HCL Technologies Chairman and NGO activist Rohini Nilekani were featured in the Forbes list of '48 Heroes of Philanthropy'.

India has been named among the top ten Asian countries paying increasing importance towards corporate social responsibility (CSR) disclosure norms.

India was ranked fourth in the list, according to social enterprise CSR Asia's Asian Sustainability Ranking (ASR).

Corporate India has spread its CSR activities across 20 states and Union territories, with Maharashtra gaining the most from them. About 36 per cent of the CSR activities are concentrated in the state, followed by about 12 per cent in Gujarat, 10 per cent in Delhi and 9 per cent in Tamil Nadu.

Assocham’s ‘Eco Pulse Study’ on CSR for 2009-10, released in June 2009, says some 300 corporate houses, on an aggregate, have identified 26 different themes for their CSR initiatives. Of these 26 schemes, community welfare tops the list, followed by education, the environment, health as well as rural development.

Further, according to a survey carried out in June 2008 by TNS India (a research organisation) and the Times Foundation, over 90 per cent of all major Indian organisations surveyed were involved in CSR initiatives. The leading areas that corporations were involved in were livelihood promotion, education, health, environment, and women's empowerment.

In another study undertaken by automotive research company, TNS Automotive, India has been ranked second in global corporate social responsibility. The study was based on a public goodwill index and India received 119 points in the index against a global average of 100. Thailand was at the top slot with 124 points.

There are plans to also introduce CSR in the small and medium enterprises (SME) sector to increase its reach in remote areas.

The Tamil Nadu government has presented its Corporate Social Responsibility Awards, to corporate companies including Oil and Natural Gas Corporation (ONGC), Chennai Petroleum Corporation Limited (CPCL), Steel Authority of India (SAIL) and Orchid Chemicals and Pharmaceuticals, for their CSR activities in different spheres, including agriculture, education, women's empowerment and new and renewable energy.

Although corporate India is involved in CSR activities, the central government is working on a framework for quantifying the corporate social responsibility (CSR) initiatives of companies to promote them further. According to Mr Salman Khurshid, Minister for Corporate Affairs, one of the ways to attract companies towards CSR work is to develop a system of CSR credits, similar to the system of carbon credits which are given to companies for green initiatives.


Pages: [ 1 ]2 ]
 
 
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 
Related News
Indian cos in hiring mode, may add 1 million jobs in FY11
India Inc salaries may rise 10.6% in 2010: Hewitt
Anand Mahindra wins E&Y 'Entrepreneur of the Year' award 2009
Obama names Indian-American Muslim as Special Envoy to Islamic world
India Inc grooms managers to connect in diverse environments
India ready to meet challenge of global leadership role
Global firms come calling for top talent
More>>


Related Websites
The Energy and Resources Institute
Ethical Corporation
Centre for Social Research


IBEF Newsletter

Bookmark with: What are these?
Delicious Delicious Digg Digg reddit reddit Facebook Facebook StumbleUpon StumbleUpon
India at a glance | Trade and Economy | Industry | India Resource Centre | States | News | Events | Brand India | About us
Home | Sitemap | Contact us | Privacy Policy | Disclaimer

Copyright © 2010-2015 India Brand Equity Foundation
All material, information, data, images or content on this website is subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws. For consent related queries and conditions, please write to ceo@ibef.org.

An initiative of the Ministry of Commerce & Industry, Government of India
C/o Confederation of Indian Industry