Friday, 08 Dec, 2023




Social Value of Investment towards Corporate Social Responsibility - Evidence from Navratna Company in India

International Journal of Business Ethics in Developing Economies

Volume 10 Issue 2

Published: 2021
Author(s) Name: Zakir H. Molla, Sarbani Mitra | Author(s) Affiliation: Center for Environment and Development, Kolkata, West Bengal, India.
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The aim of this paper is to review the status of corporate CSR practices in a large Navratna Company in India, by critically appraising the resource application in the spectrum of focus areas, schedule VII of the CSR rules, and the consequent impacts. Finally, the study explored the extent of upgradation of social value due to such CSR initiatives. For the purpose of the study, we selected Oil India Limited (OIL), being an upstream company under the sector of crude oil exploration. The findings showed that through its social development activities, OIL has invested immensely in long-term governmental schemes like Swachh Vidyalaya/Swachh Bharat Abhiyan and LPG connections for BPL families, which will address various problems related to education, women, and the environment. Efforts under Swachh Vidyalaya/Swachh Bharat Abhiyan will address twin problems of girl child education and sanitation. The impact of LPG connections for BPL families will be felt on environment as it will reduce the burning of wood and other pollution generating material and at the same time reduce deforestation by reducing the use of wood as domestic fuel in the rural areas.

Keywords: Corporate Social Responsibility, Social Value, Corporate CSR Practices, Focus Area, Companies Act, India

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