The document outlines a presentation on corporate social responsibility practices in public sector enterprises in India. It discusses the objectives of studying CSR practices in major public sector companies. The research methodology involves analyzing CSR activities of 7 Maharatna companies and 7 Navratna companies. The findings suggest that while these companies engage in many CSR activities like village adoption, medical camps, infrastructure development, there are also challenges like identifying suitable projects and fully utilizing allocated budgets. The presentation provides information on guidelines for CSR in public sectors as well as specifics on CSR programs undertaken by the selected companies.
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowen’s “Social Responsibilities of the Business”. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the world’s largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Compensation policy of tata consultancy servicesHumsi Singh
The presentation gives information about compensation policies of the popular TCS. Pay-For-Performance compensation policy is similar to a merit increase because it's based on employee performance. The viewers will be able to understand the concept of compensation management and decision making techniques through this presentation.
this ppt includes general meaning of csr
its 5 bottom line concepts
its types
principles and strategies
arguments for and against
then csr activities of 4 diff. companies
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowen’s “Social Responsibilities of the Business”. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the world’s largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Compensation policy of tata consultancy servicesHumsi Singh
The presentation gives information about compensation policies of the popular TCS. Pay-For-Performance compensation policy is similar to a merit increase because it's based on employee performance. The viewers will be able to understand the concept of compensation management and decision making techniques through this presentation.
this ppt includes general meaning of csr
its 5 bottom line concepts
its types
principles and strategies
arguments for and against
then csr activities of 4 diff. companies
Voluntary Retirement Scheme, Benefits, Adavantage to employer & employee, Drawbacks, Technicalities, Case Study SAIL, SBI, Nokia, Effective Implementation of VRS.
HR Policy and HR Practices of Tata MotorsPavanJadhav33
This Presentation is about HR policies of Tata Motors.
HUMAN RESOURCE PRACTICES IN TATA.
Tata Group believe that people are there greatest asset and they adopt best practices to ensure healthy employee relations, employee growth and development as well as work satisfaction.
Voluntary Retirement Scheme, Benefits, Adavantage to employer & employee, Drawbacks, Technicalities, Case Study SAIL, SBI, Nokia, Effective Implementation of VRS.
HR Policy and HR Practices of Tata MotorsPavanJadhav33
This Presentation is about HR policies of Tata Motors.
HUMAN RESOURCE PRACTICES IN TATA.
Tata Group believe that people are there greatest asset and they adopt best practices to ensure healthy employee relations, employee growth and development as well as work satisfaction.
This ppt provides brief description about M K Gandhi and J L Nehru.Also how they differ from each other i.e. points on which these two Indian legends have different point of view.
Wild Dog Design is an award winning UK based design agency (established 1996), with expertise in branding, responsive website design and high-end print marketing collateral. Working with an international clientele, our extensive knowledge of both the specialist travel marketplace and b2b organisations we have clients across the UK, Myanamar, Vietnam, Thailand, Netherlands, India, Kenya and USA.
CSR Contribution made by selected Indian Manufacturing Multinational Companiesijtsrd
"The concept of CSR has gained lot of significance lately. But in India, complying provisions of CSR becomes mandatory after introduction of CSR policy in Indian Companies Act, 2013 for the companies who fulfill the certain criteria as mentioned. The rationale behind CSR is to embrace the responsibility for companies’ action and encouraging the positive impact through its activities on environment, healthcare, livelihood, rural development, education and so on. The present study has made an attempt to understand the CSR policy initiatives made by four major companies in India. All the data collected and used for research work is secondary in nature like official websites and reports published by companies, magazines, journals and other reference books. The purpose of this paper is to know the contribution made by four top Indian manufacturing MNC and analyze the same. These companies are drawn from ‘The CSR Journal Miss. Charuta P. Kulkarni ""CSR Contribution made by selected Indian Manufacturing Multinational Companies"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23055.pdf
Paper URL: https://www.ijtsrd.com/management/strategic-management/23055/csr-contribution-made-by-selected-indian-manufacturing-multinational-companies/miss-charuta-p-kulkarni"
CSR-Legislation In India & the world
Section 135 of Companies Act 2013
Scope for CSR Activities under Schedule VII
Appointment of Independent Directors on the Board
The Drivers of CSR in India
Changing expectations of social responsibility
four faces of social responsibility
the regulatory environment in India Counter trends
Performance in major business and programs
Identifying key stakeholders of CSR & their roles
Role of Public Sector in Corporate government programs that encourage voluntary responsible action of corporations
Role of Nonprofit & Local Self Governance in implementing CSR
Contemporary issues in CSR & MDGs
Global Compact Self Assessment Tool
National Voluntary Guidelines by Govt. of India
Understanding roles and responsibilities of corporate foundations
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
CSR at TATA Motors and Wipro_MMS_finance_03_social_projectABIAUGUSTINE1
This project report is the result of the learnings and techniques adopted by Abi Augustine during his winter project program which is a subject of Mumbai University MMS Semester IV.
The inspiration for this project titled “A Case Study On The Corporate Social Responsibility Of The Selected Indian Companies’’ is to study about the Corporate social responsibility of the selected Indian Companies and to make a highlight of the activities done by them in 2019 and also to make a comparison between the two.
Corporate Social Responsibility prevailed in India for a long time but it was considered as a part of philanthropy or charity. With the advent of Corporate Social Responsibility provisions, it has got the legal framework and is become a duty of the corporates to give back from the profits to the society, for the betterment and improvement of the society. With due consideration to the fact that “profitability” is the primary force and motivation for all the development on this front. Due to this the cut-throat competition increased between business and to then differentiate themselves companies are using the Corporate Social Responsibility provision to create a brand image and to gain loyal customers by putting light on the initiatives taken by them and how they are giving back to the society. Companies cannot rule out the fact that they survive because of the society and therefore equivalent importance should be given to the society as they do to their businesses. Thus the study has revealed that companies use their Corporate Social Responsibility policy to increase their profits.
Tata Motors and Wipro Limited
Green csr-conference-backgrounder -indian powersector.comShivansh Tyagi
he parliament passed the historic Companies Bill on 8th August 2013. The Rajya Sabha passed the bill which was earlier passed by Lok Sabha last year.
The new companies bill mandates large-sized corporations to spend 2% of their net profits on Corporate Social Responsibility (CSR) activities.
A large part of this potential fund can be channelized for sustainable development; Sustainable development forms one of the nine verticals which qualify under CSR.
The tone was set right a month ago;at the Green Energy CSR - “Evolving Thought Leadership on Green CSR Interventions” which was organised by an NGO : Sharp Developments.
Supported by the Ministry of New and Renewable Energy; Government of India the event emphasized the need of a proper institutional framework for the utilization of CSR funds both through corporate sector and Central Public Sector Enterprises.With a call to the industry to step up innovations and leverage the multiple investment opportunities being created by the government through the New Companies Bill-2012, the conference played a catalyst role in creating a common forum for Government, corporates, NGOs and funding agencies. Dedicated interactive panels were hub for knowledge exchange that widened the market insights on sustainable financing models, cutting-edge technologies and leading business practices. The conference witnessed 25 eminent speakers and more than 120 delegates from across the sector.
The Conference, while trying to identify boundaries of Green CSR – highlighted three verticals through which green CSR could be implemented. These are Renewable Energy based CSR interventions,Energy Efficiency and Renewable Energy Certificates. For more detailed coverage of the Conference, please log on to www.icfild.org
‘ Among the high points of the Conference was the launch of first of its kind comprehensive Report on the status and potential of Green CSR.IndianPowerSector.com in conjunction with Sharp developments launched an “Industry Handbook “during the event. The report titled “The Way Forward” covers the existing guidelines, amalgamation of CSR and Green Energy at various levels and recommendations suggesting a greener approach to be followed to fulfill CSR goals.
Shri. Alok Srivastava, Joint Secretary, MNRE was the Guest of Honour and in the session on Evolving Thought Leadership - Institutional Framework – Role of Government in promoting corporate social responsibility (CSR), addressed the audience by stressing on the linkage between both CSR and Renewables and remarked on the importance of Renewable energy based interventions as a win-win solution in CSR domain by being economically beneficial for the society as well as corporates.
The report provides and enlightening vision and a completely green approach for companies to fulfill their CSR mandate.
The parliament passed the historic Companies Bill on 8th August 2013. The Rajya Sabha passed the bill which was earlier passed by Lok Sabha last year.
The new companies bill mandates large-sized corporations to spend 2% of their net profits on Corporate Social Responsibility (CSR) activities.
A large part of this potential fund can be channelized for sustainable development; Sustainable development forms one of the nine verticals which qualify under CSR.
The tone was set right a month ago;at the Green Energy CSR - “Evolving Thought Leadership on Green CSR Interventions” which was organised by an NGO : Sharp Developments.
Supported by the Ministry of New and Renewable Energy; Government of India the event emphasized the need of a proper institutional framework for the utilization of CSR funds both through corporate sector and Central Public Sector Enterprises.With a call to the industry to step up innovations and leverage the multiple investment opportunities being created by the government through the New Companies Bill-2012, the conference played a catalyst role in creating a common forum for Government, corporates, NGOs and funding agencies. Dedicated interactive panels were hub for knowledge exchange that widened the market insights on sustainable financing models, cutting-edge technologies and leading business practices. The conference witnessed 25 eminent speakers and more than 120 delegates from across the sector.
The Conference, while trying to identify boundaries of Green CSR – highlighted three verticals through which green CSR could be implemented. These are Renewable Energy based CSR interventions,Energy Efficiency and Renewable Energy Certificates. For more detailed coverage of the Conference, please log on to www.icfild.org
‘ Among the high points of the Conference was the launch of first of its kind comprehensive Report on the status and potential of Green CSR.IndianPowerSector.com in conjunction with Sharp developments launched an “Industry Handbook “during the event. The report titled “The Way Forward” covers the existing guidelines, amalgamation of CSR and Green Energy at various levels and recommendations suggesting a greener approach to be followed to fulfill CSR goals.
Shri. Alok Srivastava, Joint Secretary, MNRE was the Guest of Honour and in the session on Evolving Thought Leadership - Institutional Framework – Role of Government in promoting corporate social responsibility (CSR), addressed the audience by stressing on the linkage between both CSR and Renewables and remarked on the importance of Renewable energy based interventions as a win-win solution in CSR domain by being economically beneficial for the society as well as corporates.
The report provides and enlightening vision and a completely green approach for companies to fulfill their CSR mandate.
Right to Information Act (RTI) a powerful law enacted in year 2005 for better governance in the country. RTI law is backed by Article 19(1) (a) of the Constitution of India which talks about freedom of speech and expression. For proper usage of this right one should have proper information about the Public Authority. Public Authority carries wider meaning than only government. There are two objectives of RTI Act, 2005, one is to bring transparency and accountability in governance and other one is to setting up of Central Information Commission (CIC) and State Information Commission (SIC) to hear appeals and complaints. There are lot of peculiarities in working of CIC and various SICs. Some state commissions are performing exceptionally well whereas some are lagging behind. Most of the state information commission offices are facing challenges in terms of vacancies which ultimately leading to backlog of appeals and complaints. Second biggest challenge is appointment of efficient Information Commissioners who can dispose cases in effective way and in timely manner. There are Information Commissioners who have given landmarks orders and disposed off large number of cases. Thus we can see the role of information commissioner is crucial for successful implementation of RTI Act, 2005.
Present paper will critically analyze working of Information Commission at central and state level alongwith some important orders delivered by CIC and SIC.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Putting the SPARK into Virtual Training.pptxCynthia Clay
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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We will dig deeper into:
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2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Business Valuation Principles for EntrepreneursBen Wann
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CORPORATE SOCIAL RESPONSIBILITY IN CENTRAL PUBLIC SECTOR ENTERPRISES OF INDIA
1. Academic Associates– IIM Ahmedabad
KALPESHKUMAR GUPTA
RACHNA ARORA
INTERNATIONAL
CONFERENCE ON
COPORATE GOVERNANCE
MARCH 14-15, 2014
2. Outline of the presentation :-
1.Introduction
2.Objectives of the study
3.Research Methodology
4.Findings
5.Managerial Implications
6.Research limitation
7.Scope of future study
8.Q & A
3.
4. • CSR is concerned with treating the internal and external
stakeholders of the firm ethically or in a socially responsible
manner and the wider aim of corporate social responsibility
is to create higher and higher standards of living, while
preserving the profitability of the corporation, for its
stakeholders (Hopkins 2003).
• Stakeholders include employees, investors, shareholders,
customers, business partners, clients, civil society groups,
Government and non-government organisations, local
communities, environment and society at large.
5.
6. Objectives of Study :-
To study the existing Corporate Social Responsibility
practices in Public Sector Enterprises of India.
7.
8. Type of paper :-
Descriptive Paper
Companies chosen for study :-
Maharatna Companies
1. Bharat Heavy Electricals Limited
2. Oil & Natural Gas Commission
3. Steel Authority of India Ltd.
4. National Thermal Power Corporation
Navratna Companies
1. Oil India Ltd.
2. Rashtriya Ispat Nigam Limited
3. Power Grid Corporation of India
9. Maharatna
- Three years with an annual net profit of over Rs. 5000 crore
- Average annual Net worth of Rs. 15,000 crore for 3 years
Navratna
A score of 60 (out of 100), based on six parameters which include
net profit, net worth, total manpower cost, total cost of
production, cost of services, PBDIT (Profit Before
Depreciation, Interest and Taxes), capital employed, etc.
A company must first be a Miniratna and have 4 independent
directors on its board before it can be made a Navratna.
Miniratna Category-I
Have made profits continuously for the last three years or earned
a net profit of Rs. 30 crore or more in one of the three years.
Miniratna Category-II
Have made profits for the last three years continuously and
should have a positive net worth.
10.
11. CSR in Public Sectors Enterprises
CPSEs are governed by guidelines issued by Department
of Public Enterprise.
New Guidelines on CSR and Sustainability for CPSEs came
into effect on April 1, 2013.
According to the new guidelines, a company is now
expected to disclose even its most routine business
activities and operations, and CPSEs are asked to
formulate their policies with a balanced emphasis
on all aspects of CSR and sustainability – both
internally and externally.
While the earlier guidelines focused mainly on CSR
activities for external stakeholders, the revised
guidelines take internal stakeholders, particularly
employees, into account in a much more serious way. To
fortify and sustain this trend, sustainability
reporting has been made mandatory for all public
sector enterprises in India.
13. Section 135 of Companies Act
2013
The new legislation requires certain class of companies
to spend at least 2% of their three-year average
annual net profit towards CSR activities.
15. CSR
• Listed companies would be liable to spend Rs 8,100 crore in all on
corporate social responsibility (CSR) for 2012-13, with the new
Companies Act making it mandatory for them to earmark two per
cent of their net profit (the average of the past three years) on
such activities.
• For FY14, the first full year of the law‟s implementation, the spend
could go up to nearly Rs 8,700 crore, given that India Inc‟s
profitability has grown at a compounded 7.5 per cent annually in
the past three years.
• With the implementation of this law, Oil and Natural Gas
Corporation will be India‟s biggest spender on CSR, contributing
nearly Rs 500 crore, based on the past three years‟ numbers. It
will be followed by energy and petrochem giant Reliance
Industries, which will have to fund CSR projects worth Rs 400
crore to meet the guidelines.
16.
17. CSR
• There are various parameters to assess the performance of CPSEs
in terms of corporate governance. The government evaluates
their performance on a scale of 1 to 100. Higher score
translates into better compliance with corporate
governance. If any CPSE fails to submit the self-evaluation
or compliance report by the cut-off date, it is graded and
considered as equivalent to ‘Poor‟. During FY12, out of the
total 248 CPSEs, 78 CPSEs (31.5%) received „Excellent‟ score
compared with 61 CPSEs in FY11, as they complied well with the
corporate governance guidelines.
20. CSR in Maharatna & Navratna
Companies
• Adoption of Villages
• Free Medical Camps 7 health care
• Construction of Roads
• School for the underprivileged& Handicapped Children
• Ban on child Labor
• Diaster aid
• Employment generation
• Pollution Checking Camps
• Irrigation using treated Sewage
• Plantation of trees
• Conservation of Natural Resources
• Entrepreneurship schemes
• Women‟s empowerment,Girl Child Development
• Sponsership of Seminars,Conference,Workshops
21. CSR in Maharatna & Navratna
Companies
• Promoting Sports
• Providing drinking water access
• Women Literacy Programmes
• Assistance in Mid day meal Programme,etc
22. Awards
• PSE Excellence Award in 2013-won by SAIL
• Golden Peacock Award in 2013 –won by ONGC
• Golden Peacock Award in 2012 –won by NTPC
• Golden Peacock Award in 2010 –won by BHEL
• Greentech CSR Award 2012-won by NTPC
• Greentech CSR Award 2011-won by PGCI
23. • PSUs are facing numerous challenges and limitations while
implementing CSR programs. They largely relate to the
organizational level issues such as absence of a dedicated CSR
team, active involvement of key stakeholders, budgetary
issues and identifying apt CSR projects and their
beneficiaries. Survey findings revealed that identifying
appropriate CSR projects as the top-most challenge of the
PSUs.
• Around 28% of the companies surveyed, feel that identifying
appropriate social projects and their beneficiaries is their biggest
concern. This was followed by lack of active involvement of all
stakeholders and beneficiaries as the other major challenge. Data
has already shown that Maharatna and Navratna public sector
undertakings (PSUs) have not been able to fully spend their CSR
budget.
24. • Data released by the ministry of Heavy Industries & Public
Enterprises show that the 5 Maharatnas - ONGC, Coal India,
IOC, NTPC and SAIL - managed to spend just 49% of the
combined budget for three years beginning 2009-10. The
spending budget for most PSUs is updated till end September
2011. The combined spending of the Navratnas was higher at
65%. But at least five of these 21 PSUs managed to spend less
than 25% of the CSR budget of the three years.
• Coal India spent only 27% of the budget, according to
information released. National Aluminum Ltd (NALCo) was
the only one that managed to fully spend its Rs 31.55 crore
budget. ONGC spent 49% of the budget in the three years.
Whereas Coal India, its performance in the third year was
disappointing. It spent only 6% of the budget till
September 2011. Indian Oil Corporation spent 85% of the Rs
264.4 crore it set aside and SAIL 72% of the Rs 179.68 crore.
(Tina Edwin, 2012)
25.
26. • PSUs are not taking much CSR initiatives as they don‟t see any
support from the governments. Some kind of financial incentives
should be given to PSUs so that they can feel motivated and
undertake more and more CSR activities. Around 60% of the
surveyed PSUs feel some kind of recognition such as receiving an
award would push the level of their CSR activities. Further, about
19% of the surveyed PSUs feel CSR expenditure should be liable
for a tax deduction, which would act as a major incentive for
carrying out CSR projects.
27.
28. Present research paper will help corporate to make a
comprehensive business strategy considering important
aspects of Corporate Social Responsibility.
Earlier CSR was voluntary act but now it‟s an obligation for
them. For sound Corporate Governance, CSR has become
salient part of it.
Government can make some robust policies as taken in
other countries. In nutshell we can say that we need
collective efforts for fulfilling obligation of CSR.
Companies will have to constitute a CSR committee of the
board of directors, consisting of three or more, of
which at least one director shall be independent.
29.
30. Study is based on secondary data available
from various sources.
31.
32. New Companies Act, 2013 mandated CSR as an
obligation under Section 135 now.
One can study the CSR in India before this new
law and after its implementation and how it will
affect the companies which are already involved
in CSR activity and on those companies which
are doing nothing about CSR or doing at minimal
level? These thoughts can be served as the basis
for future research on the related topics.
33. References :-
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