The csr committee constituted in pursuance of section 5 of the companies act, 20 shall be required to carry out the following activities. Corporate social responsibility company policy template. Reacha is the implementation agency ngo of the project at chinar 9 jawan club, baramulla, under overall supervision of indian army. Corporate social responsibility in india an effort to. Oct 05, 2016 csr policy of ongc and oil india ltd 1. This money is usually spent on education, women empowerment, healthcare, sports and sponsorships. Ongc has provided support through its csr corporate social responsibility programme.
Pdf corporate social responsibility activities at ongc. 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 has developed this corporate social responsibility csr and sustainability policy in consonance with the csr policy framework enshrined in the section5 of companies act. Although there is no fixed definition, however the concept revolves around that fact. 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. Jan 17, 2009 csr initiatives by ongc the major csr initiatives taken by ongc are as follows. The policy recognizes that corporate social responsibility is not merely compliance. 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. The ongc csr checklist may be downloaded through hyperlink ongc csr checklist. 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. Financial assistance under csr scheme by ongcbpclgailhpcl. The vision of sustainable growth drives both business decisions, as well as our corporate social responsibility, works. Pdf education as corporate social responsibility csr.
Pdf corporate social responsibility is the new buzzword today, both. Financial assistance under csr scheme by ongc bpclgailhpcliocl 1. A company annual report is a means by which it tries to convey its. Oil and natural gas corporation limited ongc is principally engaged in the exploration of oil and gas reserves, both onshore and offshore. 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. Corporate social responsibility in the oil and gas industry. Ongc takes up csr proposals under framework of the companies act, 20, ongc csr and sustainability policy 2014 and dpe guidelines for cpse and. 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. 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. Nestle india corporate social responsibility policy.
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. This has made india the only country which has regulated. 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. 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. Csr may also be referred to as corporate citizenship and can involve incurring short term costs that do not provide an. 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. Ongc subsidiary mrpl has taken csr initiative samrakshan. The company releases global responsibility report annually and it includes the details of walmart csr programs and initiatives engaged by the company. Oil and natural gas corporation limited ongc is state owned oil and natural gas company founded on 14 aug 1956.
Hpcl is committed to allocate at least 60% of the csr budget for these local. Under this initiative the company has done construction of an anganwadi building, donating scientific teaching aids, providing infrastructural facilities including cupboards to schools. Part i of this article examines the origins of csr, its rationale, and its growth in the business world. Defining corporate social responsibility csr analyses economic, legal, moral, social and physical aspects of environment. School children coming up with innovative solutions on enhancing road safety. Csr policy of ongc and oil india ltd linkedin slideshare. Csr policy of oil and natural gas corporation limited and oil india limited 2. Corporate social responsibility policy of ongc petro additions limited under section 5 of the companies act, 20 1. As a responsible company, it has since its inception, participated in business activities. The csr activities of providing various facilities can be implemented by entities out of section 25. Financial assistance under csr scheme by ongcbpclgail. Csr projects in india, companies csr activities in india, list of csr foundations and csr implementing agencies, ngos, social enterprises in india, csr budget of indian companies. Csr and sustainability policy of ongc india csr network.
Csr projects hindustan petroleum corporation limited, india. Scribd is the worlds largest social reading and publishing site. Gail india to construct bharosa centre as part of csr. Ongc teri biotech limited corporate social responsibility policy. Ongc videsh, operating overseas, understands its responsibility to contribute to the communities and economies of the countries in which it operates. 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. Ongc is currently participating in 44 projects in 18 countries. 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. The table below illustrates highlights from the latest report for 2015. 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.
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. With well defined objectives and measurable targets, your csr policy will provide the foundation for steps towards running a more sustainable and ethical business. Psu maharatna ongc is indias largest producer of crude oil and natural gas, contributing around 70% of indian domestic. 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 process of writing a csr policy begins with an assessment of every aspect of your business and its operations. Based on some facts and figures, the article examines. This is a flagship initiative under operation sadhbhavana. Ongc has made major investments in vietnam, sakhalin and sudan and earned its first hydrocarbon revenue from its investment in vietnam. Ongc teri biotech limited corporate social responsibility. Thakur polytechnic donates grains to tribal villages. 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. Apr 07, 2016 walmart csr strategy concentrates on increasing the use of renewable energy. Pdf corporate social responsibility is the new buzzword today, both studied and practiced highly.
The company owns and operates more than 15000 kilometers of pipelines in india, including nearly 3800 kilometers of subsea pipelines. 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 teri biotech limited corporate social responsibility policy 1. Part ii explores some of the dimensions of reputational risk facing modern oil and gas companies, using several highprofile examples. Ongc corporate social responsibility environment protection. Nestle india limited the company is a leading nutrition, health and wellness company. Corporate social responsibility policy framework preface. Corporate social responsibility csr refers to business practices involving initiatives that benefit society. 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. Csr policy hindustan petroleum corporation limited, india.
Csr policy of oil and natural gas corporation limited and oil india limited what is corporate social. 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. Annual csr allocation as per iocl policy as per dpe guidelines. 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. 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. Corporate social responsibility policy r22019 page 3 2. The 2009 csr guidelines define ongcs role on corporate social responsibility emphasizing transformation of the organization from philanthropy to stakeholder participation.
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