ipl-logo

CSR And Sustainability Responsibilities

1243 Words5 Pages

Areas where SAIL needs to improve on its CSR and Sustainability Responsibilities 1. Budget Allocation and Utilization Under the CSR scheme, the Steel Authority of India Ltd is allocating funds for the CSR as per the guidelines prescribed by Department of Public Enterprise (DPE). SAIL has made commitments through Board’s Resolution and CSR policy respectively to the cause of and has earmarked 2% of the distributable surplus from the year 2006-07 for CSR activities. This amount is utilized for social development. So far as environment and safety issues are concerned, the resources are provided from the overall budget. Details are: Funds allocated and Utilized for CSR from 2009-10 to 2013-14 (in Crores) Year Fund allocated Funds …show more content…

. Over 90 per cent of steel industry CO2 emissions come from iron production in nine countries or regions: Brazil, China, the European Union (EU), India, Japan, Korea, Russia, Ukraine and the US. ; SAIL emitted 233.80 million tonne of CO. The average CO emitted by SAIL during 2008-09 was 2.99 t/tcs as against the average of 2.09 t/tcs of CO emitted by Tata steel which is another steel major in the private sector. SAIL was not making any reason wise analysis as regards higher CO emission. However, the 2 several factors determine the CO emission such as specific energy consumption, coke rate for iron 2 making, quality of raw material (coal and iron) and type of fuel used for generation of power. The quantum of excess CO …show more content…

Need of Accountability tool for measuring the implementation of CSR There is surely a need for an accountability tool for measuring the implementation of CSR by corporate houses. This can also be achieved by being more transparent, displaying out CSR information in public domain, while enhancing the use of information technology for monitoring and implementing CSR projects with the support of organisations with proven expertise in the field. 8. ROI of CSR reporting Annual CSR reporting is thought to be the most conspicuous manifestation of a corporation's commitment to transparency -- a concept that has become a key pillar of corporate social responsibility. The problem is that increased transparency isn't doing enough to support other strategic priorities, including strengthening reputation, differentiating from competitors and maintaining a social license to operate. You may feel proud that you're sharing more about your corporation than was typically done in the past, but today stakeholders just consider this information as table stakes. Make CSR reporting a year-long window into your impact on communities and their impact on

Show More
Related

  • Smoked Salmon Case Study

    1081 Words  | 5 Pages

    Almost every consumer product produces some type of economic, environmental or social footprint. Smoked salmon is no exception, but the specific footprints may be different depending on which company the salmon is purchased from. The two companies in question for this example are Spence & Co. Tradition Scottish-Style and Echo Falls Pacific wild. Both of these companies have their own unique ways of getting the smoked salmon from farm to fork.

    Read More

  • Hcs/690 Climate Change Research Paper

    1380 Words  | 6 Pages

    DeekshithKumar Thadishetti Professor mankerian LS 690 July 31 2015 Climate change is one of the global issue that requires multiperspective approach. One of the key cause of climate change is air pollution. Air pollution occurs as a result of release of greenhouse gases to the atmosphere. There are two key sources of air pollution that should be targeted if the air pollution is to be reduced. The first source is the industrial stationay sources, which include electric power facilities.

    Read More

  • Pros And Cons Of Industrialization In Japan

    1354 Words  | 6 Pages

    Japan’s Gross Domestic Product (GDP) is the third highest ranked globally, raking in US$4730 billion in 2016 (Statistics Times, 2016). In 2015 alone, manufacturing facilities contributed to 20.5% of the country’s GDP (The World Bank, n.d.), showing how important these plants are to the economic growth of the country. Despite the fact that the government has put measures in place to ensure pollutants released by these facilities are kept at a minimum, more can be done. The benefits that arise from keeping limitations on pollutant emission a priority outweigh the pros of rapid product manufacturing, and will eventually lead to a stable, persevering economy.

    Read More

  • Argumentative Essay On Santa Ana College

    1304 Words  | 6 Pages

    Unfortunately, fossil fuel is the primary cause of pollution. Pollution caused by fossil fuel, causes acid rain and global warming. Global warming affects humans and animals as well with the climate changes due to the burning of fossil fuels. In contrast to fossil fuels, solar energy is

    Read More

  • Maquiladoras And Globalization

    662 Words  | 3 Pages

    According to research by J. Timmons Roberts, Peter Grimes, and Jodie L. Manale a “global restructuring of capitalism since the 1970’s has seen a capital flight from the core to the semi-periphery and periphery, creating ‘New International Division of Labor’ with increasingly complex production taking place in poorer, lower wage nations” (284). With this global restructuring we have seen the outsourcing of pollution intensive-industries to nations (mostly East Asia and Latin America) that do not possess the infrastructure or expensive pollution control devices to create an efficient use of fossil fuels (Grimes, Manale, and Grimes 264,265). The lack of carbon efficiency in their infrastructure, increases the carbon emissions associated in the

    Read More

  • How Does Coal Pollution Affect Human Health

    1318 Words  | 6 Pages

    Impacts of coal pollution on human health: Different type of harmful gas are releases during coal combustion: • Sulfur dioxide (SO2) which responsible for acid rain and respiratory illnesses • Nitrogen oxides (NOx) which contribute to smog and respiratory illnesses • Particulates which contribute to smog, haze, and respiratory illnesses and lung disease • Carbon dioxide (CO2) which is the primary greenhouse gas produced from the burning of fossil fuels (coal, oil, and natural gas) • Mercury and other heavy metals, which have been linked to both neurological and developmental damage in humans and other animals Coal pollution also contribute to global warming and the health implications .Coal pollutants affect all major body organ systems

    Read More

  • Nuclear Energy: How Is Nuclear Energy Created?

    1785 Words  | 8 Pages

    Nuclear Energy Nuclear energy results from mass-to-energy conversions that occur in the separation of atoms larger than Iron or combining atoms smaller than Iron. The slight amount of mass that is lost from either the separation or combination follows the Einstein’s mass energy relation E= mc2 where m is defined as the mass and c is the speed of light. How is Nuclear Energy Created? Nuclear energy is created either from the Fusion or Fission of atoms.

    Read More

  • Two Types Of Ocean Pollution

    1471 Words  | 6 Pages

    “At this rate, we would expect nearly one ton of plastic for every three tons of fish in our oceans by 2025,” says Nicholas Mallos, director of Ocean Conservancy marine debris program. Ocean pollution is a very evident problem. There are two types of pollution, nonpoint source pollution, and point source pollution. Nonpoint source pollution is pollution that is a result of runoff, which comes from smaller sources and point source pollution is pollution coming from a single source, such as an oil spill. Point source pollution has a larger impact on the ocean compared to nonpoint source pollution but thankfully it occurs less.

    Read More

  • The Pros And Cons Of BP Oil Spill

    1010 Words  | 5 Pages

    The company has set confident and meaningful targets with regard to reducing its CO2 emissions and development of different sources of energy such as solar power. However,

    Read More

  • Advantages Of Hydraulic Fracturing

    457 Words  | 2 Pages

    Between the year 2007 and 2011, there have been a decrease in the importation of natural gas by 25 percent and a decrease in the importation of petroleum from a high amount to low amount between the year 2005 and 2011. One example of the indirect economy effect is the generation of electricity. Over the years, because of the increase in oil and natural gas, Plants involved in the generation of electricity have switched some input of coal to natural gas. This makes it easier for the environment because it reduces people’s exposure to compounds like carbon-monoxide, ammonia gas and other dangerous compounds.

    Read More

  • Tesla Social Responsibility Analysis

    715 Words  | 3 Pages

    Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.

    Read More

  • Corporate Social Responsibility: Profit-Oriented Or Socially Responsible?

    3408 Words  | 14 Pages

    Involved in CSR activities are proven to create good image and reputation for a company. In the long run, it helps a company to increase shareholders’ value and achieve sustainable business

    Read More

  • Civic Responsibility And Social Responsibility

    725 Words  | 3 Pages

    Being socially responsible is the idea that businesses should balance profit-making activities with activities that balance benefit society; it involves developing businesses with a positive relationship to the society which they operate. Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty but the actions of an individual must benefit the whole of society. Social and civic responsibility should be an automatic thing that should come to people’s minds when trying to improve society. The main concept of social responsibility is that every individual, has to perform so as to maintain a balance between the economy and the ecosystems.

    Read More

  • Tesla Corporate Social Responsibility Analysis

    713 Words  | 3 Pages

    Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.

    Read More

  • Examples Of Ethical Responsibility

    902 Words  | 4 Pages

    If a company undertakes CSR then it helps to build a positive image in the market and it ultimately leads in benefits earned by the company. CSR activities not only help the companies to grow, but also due to social welfare the most disadvantaged group of a society gets a fair share in the world

    Read More

More about CSR And Sustainability Responsibilities

Open Document