Corporate Social Responsibility Analysis Of Tata Steel

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Corporate social responsibility (CSR) is a form of corporate self-regulated business model and its policy functions as a self-regulatory mechanism which monitors and ensures its compliance with ethical standards and nature of law. CSR 's responsibility is to create positive impact on the environment and all the stakeholders. The basic objective of CSR in these days is to maximize the company 's overall impact on the society and stakeholders. Most of the companies have integrated the CSR policies and practices into their processes and operations. CSR programs ranges from community development to development in education, environment and healthcare etc. Corporates increasingly join hands with non-governmental organizations (NGOs) devising programs which address wider social problems by using their expertise. Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover of rupees 1,000 crore or more or a net profit of rupees 5 crore or more should mandatorily spend 2% of their net profits per fiscal on CSR activities. The rules came into effect from 1 April 2014. TATA STEEL CSR POLICIES AND ACTIVITIES: Tata Steel’s CSR policy focuses, social sustainability, healthcare initiatives, environmental sustainability, and inclusive growth. Tata Steel spends 5-7% of its profit after tax on CSR initiatives. It has been recognised as the best practice leader in the area of corporate social responsibility since 1993. Tata Steel CSR team main

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