Csrbox csr projects india, companies and csr, ngo partners. In recent years, government of india has started to look at csr as one of the potential sources of financing education and skill development. The corporate social responsibility csr policy of oil india limited oil, which is intended to provide a robust framework for carrying out the actions of the company under its corporate social responsibility csr, is hereby revised in order to align the policy with the provisions of section 5 of the companies act, 20. The 2009 csr guidelines define ongcs role on corporate social responsibility emphasizing transformation of the organization from philanthropy to stakeholder participation. Ongc takes up csr proposals under framework of the companies act, 20, ongc csr and sustainability policy 2014 and dpe guidelines for cpse and follows a project based approach in its csr activities, preferably in the operational areas of ongc. As a responsible company, it has since its inception, participated in business activities. Although there is no fixed definition, however the concept revolves around that fact. This is a flagship initiative under operation sadhbhavana.
Ongc has developed this corporate social responsibility csr and sustainability policy in consonance with the csr policy framework enshrined in the section5 of companies act, 20 act and in accordance with the companies csr policy rules, 2014 rules notified by ministry of corporate affairs, government. Csr and sustainability policy of ongc india csr network. Ongc teri biotech limited corporate social responsibility policy 1. Csr policy hindustan petroleum corporation limited, india. Hpcl, as a responsible corporate citizen, has practiced the csr model of creating shared values, by reaching out to the stakeholders, community and society who are directly or indirectly involved in its business operations. Enactment of companies act, 20 by the ministry of corporate affairs, government of india was one of the worlds largest experiments of introducing the csr as a mandatory provision by imposing statutory obligation on companies to take up csr projects towards social welfare activities. Oil and natural gas corporation limited ongc is state owned oil and natural gas company founded on 14 aug 1956.
At the policy level, the formal focus on csr started in india with the issuance of the corporate social responsibility voluntary guidelines in 2009 by the ministry of corporate. Ongc teri biotech limited corporate social responsibility policy. Pdf corporate social responsibility is the new buzzword today, both studied and practiced highly. Corporate social responsibility policy framework preface. Reacha is the implementation agency ngo of the project at chinar 9 jawan club, baramulla, under overall supervision of indian army. Corporate social responsibility policy of ongc petro additions limited under section 5 of the companies act, 20 1. The ongc csr checklist may be downloaded through hyperlink ongc csr checklist. Csr policy of oil and natural gas corporation limited and oil india limited 2.
The process of writing a csr policy begins with an assessment of every aspect of your business and its operations. Defining corporate social responsibility csr analyses economic, legal, moral, social and physical aspects of environment. Ongc teri biotech limited corporate social responsibility. Csr policy of oil and natural gas corporation limited and oil india limited what is corporate social. Corporate social responsibility company policy template. Introduction and objectives zee entertainment enterprises limited zee is one of indias largest vertically integrated media and entertainment company engaged inter alia in the business of broadcasting of 33 domestic and 34 international television channels reaching over 730 million viewers across. Ongc has developed this corporate social responsibility csr and sustainability policy in consonance with the csr policy framework enshrined in the section5 of companies act. Ongc subsidiary mrpl has taken csr initiative samrakshan. Jan 17, 2009 csr initiatives by ongc the major csr initiatives taken by ongc are as follows.
Csr may also be referred to as corporate citizenship and can involve incurring short term costs that do not provide an. The table below illustrates highlights from the latest report for 2015. Part ii explores some of the dimensions of reputational risk facing modern oil and gas companies, using several highprofile examples. Ongc is currently participating in 44 projects in 18 countries. Part i of this article examines the origins of csr, its rationale, and its growth in the business world. Ongc petro additions limited page 1 of 9 corporate social responsibility policy of ongc petro additions limited under section 5 of the companies act, 20 1. A company annual report is a means by which it tries to convey its.
The company owns and operates more than 15000 kilometers of pipelines in india, including nearly 3800 kilometers of subsea pipelines. Corporate social responsibility in the oil and gas industry. Csr policy csr objectives hpcl will focus its csr activities on local communities around which the company lives and operates like refineries, terminals, depots, lpg plants, pipelines, aviation stations, lube blending plants, project locations and other offices, etc. Corporate social responsibility csr is a concept whereby organizations serve the interests of society by considering the impact of their activities on customers, employees, shareholders, communities and the environment in various aspects of their operations. Introduction a corporate social responsibility policy csr policy at ongc teri biotech limited otbl is guided by the philosophy to care for the environment through sustainable utilization of natural resources. Financial assistance under csr scheme by ongc bpclgailhpcliocl 1. Oct 05, 2016 csr policy of ongc and oil india ltd 1. Ongc has provided support through its csr corporate social responsibility programme. Financial assistance under csr scheme by ongcbpclgail. Corporate social responsibility policy philosophy recognizing that business enterprises are economic organs of society and draw on societal resources, it is itcs belief that a companys performance must be measured by its triple bottom line contribution to building economic, social and environmental capital towards enhancing societal.
Hpcl is committed to allocate at least 60% of the csr budget for these local. Annual csr allocation as per iocl policy as per dpe guidelines. The csr activities of providing various facilities can be implemented by entities out of section 25. Ongc which has been given the status of a maharatna by the government will be striving to get the same status in corporate social responsibility, said a. Ongc has developed this corporate social responsibility csr and sustainability policy in consonance with the csr policy framework enshrined in the section5 of companies act, 20 act and in accordance with the companies csr policy rules, 2014 rules notified by ministry of corporate affairs, government of india and guidelines on. This has made india the only country which has regulated. Corporate social responsibility policy infosys limited version no. Oil and natural gas commission ongc csr projects undertaken for scheduled caste scheduled tribes and other weaker sections during last three years sl project exp in exp in rs. Corporate social responsibility csr is a concept that suggests that it is the responsibility of the corporations operating within society to contribute towards economic, social and environmental development that creates positive impact on society at large. Based on some facts and figures, the article examines. Ongc videsh, operating overseas, understands its responsibility to contribute to the communities and economies of the countries in which it operates. Psu maharatna ongc is indias largest producer of crude oil and natural gas, contributing around 70% of indian domestic. Corporate social responsibility csr refers to business practices involving initiatives that benefit society. Gail india to construct bharosa centre as part of csr.
Pdf corporate social responsibility activities at ongc. This money is usually spent on education, women empowerment, healthcare, sports and sponsorships. Thakur polytechnic donates grains to tribal villages. Csr policy of ongc and oil india ltd linkedin slideshare. School children coming up with innovative solutions on enhancing road safety. The company releases global responsibility report annually and it includes the details of walmart csr programs and initiatives engaged by the company. Ongc is presently undertaking its csr activities as per the above mentioned notification and has developed a csr compliance checklist to ensure compliances to the government notification and prompt clearances of the proposals.
The csr committee constituted in pursuance of section 5 of the companies act, 20 shall be required to carry out the following activities. Financial assistance under csr scheme by ongcbpclgailhpcl. Nestle india corporate social responsibility policy. The 2009 csr guidelines define ongc s role on corporate social responsibility emphasizing transformation of the organization from philanthropy to stakeholder participation. Pdf education as corporate social responsibility csr. Ongc shall comply with section 5 2, 5 4 1 and 4 3 o of the act thereby ensuring that it makes a full disclosure of its csr policy, strategy, projects programmes, activities, monitoring mechanism, implementing agencies, expenditure details as well as the composition of the csr committee of the board. Ongc corporate social responsibility environment protection. Csr projects hindustan petroleum corporation limited, india. Corporate social responsibility policy r22019 page 3 2.
Pdf corporate social responsibility is the new buzzword today, both. This corporate social responsibility company policy template is ready to be tailored to your companys needs and should be considered a starting point for setting up your social responsibility employment policies. Ongc petro additions limited opal, a multi billion joint venture company was incorporated in 2006, as a public limited company under the companies act, 1956, promoted by oil and natural gas corporation ongc and copromoted by gail and gspc. Apr 07, 2016 walmart csr strategy concentrates on increasing the use of renewable energy. Oil and natural gas corporation limited ongc is principally engaged in the exploration of oil and gas reserves, both onshore and offshore. Under this initiative the company has done construction of an anganwadi building, donating scientific teaching aids, providing infrastructural facilities including cupboards to schools. Ongc has made major investments in vietnam, sakhalin and sudan and earned its first hydrocarbon revenue from its investment in vietnam. The policy recognizes that corporate social responsibility is not merely compliance.
Mar 14, 2016 corporate social responsibility in ongc as a public sector enterprise, ongc has a long and cherished tradition of commendable initiatives, institutionalized programmes and practices of corporate social responsibility which have played a laudable role in the development of several underdeveloped regions of the country 6. The vision of sustainable growth drives both business decisions, as well as our corporate social responsibility, works. Corporate social responsibility in india an effort to. Nestle india limited the company is a leading nutrition, health and wellness company. Scribd is the worlds largest social reading and publishing site. With well defined objectives and measurable targets, your csr policy will provide the foundation for steps towards running a more sustainable and ethical business. Ongc takes up csr proposals under framework of the companies act, 20, ongc csr and sustainability policy 2014 and dpe guidelines for cpse and.