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ADITI ANGEL PATRO NITESH KUMAR JAI PRAKASH MISHRA CORPORATE SOCIAL RESPONSIBILITY Presented By:

CSR Comparative Study on ITC and TATA STEEL

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Page 1: CSR Comparative Study on ITC and TATA STEEL

• ADITI ANGEL PATRO• NITESH KUMAR• JAI PRAKASH MISHRA• PUSHPRAJ SANTOSHI

CORPORATE SOCIAL RESPONSIBILITY

Presented By:

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Core Values

• ITC's Core Values aimed at developing customer-focus and will deliver what they need in terms of value, quality and satisfaction.

• ITC believes mainly on “Touching your life Everyday”.

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COROPORATE SOCIAL RESPONSIBILITY

THE IMPACTS OF A COMPANY’S ACTION ON SOCIETY AND ENVIROMENT

CSR IS NOT ABOUT HOW COMPANIES ARE SPENDING MONEY BUT IT’S ABOUT HOW THEY CONTRIBUTING THEIR

PART IN THE DEVELOPMENT OF THE SOCIETY

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CONTENT• MISCONCEPTION

• PROFIT AND EXPENDITURE

• AREAS OF IMPACT

• AWARDS AND HONOURS

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• It is not only related to cigarettes manufacturing company.• It is also related to the other activities.

MISCONCEPTION

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FAST MOVING CONSUMER GOODS(FMCG)

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CSR Expenditure

Net Profit

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AREAS OF IMPACT : Women Empowerment

Programme Livestock & Dairy Development Supporting Primary Education Empowering the differently abled Small Scale Unit

Social Farm and Forestry

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• This Programme has benefitted to more than 4 lakhs rural women to become self sufficient.

• This Programme imparts education to rural women so that a better society can be made.

• Has created self-help groups of women which have now become self-sufficient by self-micro financing.

Women Empowerment Programme

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• Provides the farmers with cloned seeds which grow better and produce better in harsh conditions.

• Provides farmers with know-how to convert their wasteland into a Plantation producing land.

• Helps the farmers and tribal's to produce plantations on their wastelands.

Social Farm and Forestry

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Livestock & Dairy Development• Aims at assisting cattle-

owners to upgrade their low-yielding indigenous stock through cross-breeding by artificial insemination.

• Animal husbandry services to over 8,00,000 cattle.

• More than 35,000 farmers will benefit through higher realisations for their milk through state-of-art milk procurement network and transparent measurement systems.

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Supporting Primary Education• ITC has set up Supplementary

Learning Centres

• Provides infrastructural assistance to Government schools such as furniture, books, teaching aids, classrooms and toilets.

• Supports outreach projects, including mobile libraries that foster the reading habit and a ‘roaming laptop’ programme that promotes computer skills and interactive learning.

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• ITC gives fair chance to the differently abled persons to earn a livelihood.

• ITC have employed over 100 differently abled persons to jobs like house-keeping, teleworking, bakeries and also as musicians.

• The company provides these people with special training and equipment to deal with their day-to-day work.

Empowering the differently abled

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Small Scale Units• Market Reach of more than

150 Small and Medium Enterprises(SMEs).

• More than 87% of raw materials and stores & spares have been locally procured during 2013-14.

• Set up sourcing centres in rural India for several of its product categories, both directly and in collaboration with various State agencies and NGOs to assist in the creation of sustainable livelihoods.

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Awards and Honours• Ranked no.1 in CSR for consecutive 2nd year in the category

“MOST ACTIVE IN CSR” by “Nielsen Corporate Image Monitor 2012-13”.

• ITC was ranked 2nd among top Indian companies in the first of its kind Standard & Poor Environmental, Social and Corporate Governance ratings (2008).

• ITC was ranked the world’s 6th largest sustainable value creator among consumer goods companies according to a Report by Boston Consulting Group (2010).

• ITC was conferred the Corporate Social Responsibility Crown Award for Water Practices from UNESCO and Water Digest (2008).

• ITC was the 1st Indian Company and 2nd in the world to win the Development Gateway Award for its trail-blazing e-Choupal

initiative (2005).

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CONTENT• Responsible development • Sustainability impact• How TATA STEEL looks CSR• TATA STEEL vision • Achievements• CSR expenditure

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XAVIER INSTITUTE OF SOCIAL SERVICE, RANCHI

Csr @ Tata steel

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Responsible Development• The Tata Steel group’s core purpose is “To improve the

quality of life of the communities we serve through long-term stakeholder value creation”.

• At Tata Steel, sustainable development and inclusive growth is facilitated by the Corporate Social Responsibility (CSR) department through its operating arms i.e., the Tata Steel Rural Development Society (TSRDS), the Tata Steel Family Initiative Foundation (TSFIF), the Tata Steel Tribal Cultural Society(TSTCS) and the Tata Steel Skill Development Society (TSSDS).

• Its initiatives span health, education, sports, sustainable livelihoods, drinking water, renewable energy (solar street lights), employability training and ethnicity.

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Sustainability Impacts

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How Tata steel looks csrResponsibility towards itself:• It is the responsibility of each corporate entity run business and to

work towards growth, expansion and stability and thus earn profits. If the corporation is to achieve social and economic ends, organizational efficiency should be boosted up.

Responsibility towards Employees:• Employees are the most important part of an organization.

Following are some of the responsibilities which a business entity has towards its employees-

• Timely payment • Hygienic environment • Good and impartial behavior • Health care through yoga • Recreational activities • Encouraging them to take part in managerial decisions

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contd… Responsibility towards shareholders:It is the responsibility of corporate entity to safeguard the shareholders‘ investment and make efforts to provide a reasonable return on their investment. Responsibility towards state: Out of the profit available, the state is entitled to a certain share as per the income tax laws. Utmost transparency has to be exerted regarding the profit &loss account and the balance sheet. Responsibility towards consumers: The Company should maintain high quality standards at reasonable prices. It should not resort to malpractices such as hoarding and black-marketing.Responsibility towards environment: It is the responsibility of the organization to contribute to the protection of environment. It should produce eco -friendly products. Moreover, industrial waste management must be taken care of.

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Significant CSR Achievements, Financial Year 2014-15

• A CSR Advisory Council was set up with eminent names from academia and the development sector to guide the Company’s approach towards CSR.

• Project MANSI on maternal and new born survival, which is underway in 167 villages of Seraikela district, has brought down the infant mortality rate by 26.5% .

• Project RISHTA on adolescent health was scaled up from Seraikela Kharsawan to other operational areas of the Company and is now being implemented in 700+ villages across 7 districts in Jharkhand and Odisha.

• To provide healthcare services to deprived communities, Tata Steel in partnership with Hewlett Packard set up an E-health center at Bagbera in Jamshedpur. Patients are catered to by doctors sitting at a distant location using real time technology solutions.

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Achievements continued..• Jyoti Fellowship was given to nearly 3,000 meritorious

students from the SC/ST communities across Jharkhand, Chhattisgarh and Odisha.

• The Company partnered with several organisations to set up skill development centers for IT, hospitality, textile, cosmetology etc.

• To empower farmers of Patamda, a Market Yard was set up in January 2014 to provide options to aggregate and market the agriculture produce at a fair price.

• Under the solar street light project, nearly 2,300 solar street lights were installed in villages of Jharkhand and Odisha.

• Nearly 10,000 youth learned tribal scripts for Ho, Santhali and Oraon languages.

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A CENTURY OF TRUST

“We generate wealth for the people. What comes from the people must, to the extent possible, therefore get back to the people.” - Bharat Ratna, J R D Tata

THANK YOU