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Study Finds that Largest Indian Companies Need to Improve CSR Activities and Reporting
Author: Robert Kropp, SocialFunds.com, Published on: 13 April 2009
In its second annual report on the corporate social responsibility (CSR) activities of the 1,000 largest Indian companies, Karmayog, a Mumbai-based online organization, has found that on a scale of zero to five, 494 companies (49%) received the lowest score of zero. No companies received the highest score of five. Karmayog's report gave ten companies— ACC, Ballarpur Industries, HDFC, Infosys Technologies, Jubilant Organosys, Kansai Nerolac Paints, Moser Baer, TCS, Tata Steel, and Titan Industries—a score of four. The criteria used by Karmayog to determine its rankings include corporate CSR activities and CSR reporting. Negative criteria that limit a company's possible score include the manufacturing of harmful products, violations of laws and regulations, and high impact processes that that severely damage the environment...The report found that...only 2% publish a separate sustainability report...
Related companies: ACC Limited (Associated Cement Companies) Ballarpur Industries Limited HDFC Infosys Tata Consultancy Services (part of Tata Group) Tata Group Tata Iron and Steel (TISCO) (part of Tata Group)