Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 5

Abstract – (2nd page)

Along with their shareholder-wealth maximizing purpose, Indian corporations are now
required to fulfill their stakeholder responsibilities and societal commitments. Almost all of
India's largest corporations are active in corporate social responsibility (CSR) programs in
fields such as education healthcare, creating jobs, developing skills, and strengthening of
the weakest sectors of society. Among those who have made significant contributions are
the Tata Group, Infosys, Bharti Enterprises, ITC Welcome Group, and Indian Oil
Corporation. The new Corporations Act has urged Corporate India to step in, requiring
companies to contribute 2% of their net income towards CSR. The Global Reporting
Initiative (GRI), on which this document is based, contains various requirements that go
much beyond what the Indian Companies Act requires. It examines sustainability and CSR
issues, as well as employment standards, health and safety concerns, and much more. In
this study, we sought to investigate GRI reports and publicly published material online and
in annual reports through the perspective of CSR. We feel that it is not enough for
corporations to just invest in CSR projects and achieve the 2% standard; we need to know
whether CSR is viewed strategically. Do businesses have a CSR policy? Is there a board of
directors? Is there a repository for CSR information?

Here, we examined and assessed the CSR operations of five such organizations. The basic
data was gathered by a survey, and the workers who participated in the survey were
informed about the purpose of this study.

About ITC
ITC Limited, founded in 1910, is a diverse conglomerate with activities ranging from Fast
Moving Consumer Goods (Food products, Care Products, Cigarettes and Cigars, Branded
Apparel, Educational & Stationery Products, Incense Sticks and Safety Matches); Hotels,
Paperboards and Packaging, Agri Business, and Information Technology. The Imperial
Tobacco Company of India Limited was formed on August 24, 1910. As the Company's
ownership shifted to India, the name was changed to India Tobacco Company Limited in
1970, and subsequently to I.T.C. Limited in 1974. The full stops in the Company's name
were omitted on September 18, 2001, in acknowledgment of the ITC's multi-business
portfolio that includes a diverse variety of enterprises. The company is now known as 'ITC
Limited,' where 'ITC' is no longer an abbreviation or an initialised form.

Recognizing that commercial operations are economic organs of society that rely on
societal resources, ITC believes that a company's performance should be assessed by its
Triple Bottom Line contributions to developing economic, social, and environmental
capital. ITC believes that in the strategic framework of business, firms have the
transformative capability to build game-changing development strategies by harnessing
their entrepreneurial vigor, innovation, and creativity. In keeping with this attitude, ITC
will continue to develop innovative models that have a substantial multiplier effect on the
construction of sustainable livelihoods and environmental replenishment. These efforts are
separate from the usual operation of ITC's operations and are in line with the actions
mentioned in Schedule VII read in conjunction with Section 135 of the Act and the CSR
Rules.

This Policy applies to programs, projects, and activities (hence generally referred to as
"CSR Programs") carried out in this respect.

CSR Activities of the company


It is ITC's policy to direct its CSR Programs, among other things, toward achieving one or
more of the following goals: eradication of poverty; encouraging education and skill
building; boosting healthcare, including preventive healthcare; ensuring sanitation and
drinkable water; maintaining environmental sustainability; facilitating climate resilience;
rural infrastructure projects; creating livelihoods for people.

1. Create sustainable lifestyles and reduce poverty by boosting, among other things,
afforestation, water stewardship, sustainable agricultural and climate savvy
practices, livestock growth, and women's empowerment.
2. Build capacity for the future through initiatives in education, vocational education,
hygiene, school WASH (Water, Sanitation, and Hygiene), clean drinking water, and
solid waste management, among other things.
3. Improve essential nutritional and health condition of at-risk population through
initiatives to boost mother and child health, nutritional content, delivery, outreach,
and results.
4. safeguarding national history, art and culture, and maintaining and promoting
music and sports; and 
5. providing relief and aid to disaster and calamity victims.
Questions asked in the survey
Conclusion
The ITC's efforts to combine national goals, community needs, and strong CSR programs
have led to an increase in more sustainable, scalable, and reproducible solutions. These,
taken collectively, provide a significant contribution to increasing people's quality of life in
rural India while also enhancing the natural resource base. ITC, a quite huge company that
operates across several fields of life, is deeply involved in CSR activities with a goal to
achieve a big National Purpose of Nation Building via values and beliefs so that every
member of society has the change and accessibility to the basic necessities that rural India
does not have via providing assistance and education to uplift society from hardships.

1. http://globalbizresearch.org/Swiss_Conference/pdf/Z5100.pdf
2. https://www.itcportal.com/about-itc/policies/corporate-social-responsibility-policy.aspx

You might also like