Corporate Social Responsibility and Socio-Economic Impact - A Case Study in India

摘要

This paper attempts to review the status of corporate CSR practices of the largest company in India (As per Annual turnover for the financial year 2015-16) based on the public disclosures made by the company. This study aims to critically assess details of CSR funds employed towards various CSR activities undertaken and consequent impact they made. The findings shows that CSR initiatives of the company have touched millions of lives by providing various infrastructure and grass root development activities in the focus areas identified in the CSR policy of the company. Provision of water facilities, infrastructure at hospitals, schools, colleges, skill development institutes/industrial training institutes; setting up sports facilities were made across the country. Environment related initiatives like providing LPG connection to disadvantaged section of society, improving sanitation, health and livelihood and providing livelihood generation skill stand tall among various initiatives undertaken. Some of the activities spanning out over decades are serving the basic health care and livelihood needs of the community at large. The company through a robust process have been reaching out to the disadvantaged section of the society even before the Companies Act 2013. However the reporting and disclosure in the public domain has transformed post Companies Act.