BL Assignment_FINAL.pdf - CONTENTS 1 INTRODUCTION TO CORPORATE SOCIAL RESPONSIBILITY 2 2 COMPANY OVERVIEW.4 2.1 NALCO(NATIONAL ALUMINIUM COMPANY LIMITED

BL Assignment_FINAL.pdf - CONTENTS 1 INTRODUCTION TO...

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1 | P a g e CONTENTS 1. INTRODUCTION TO CORPORATE SOCIAL RESPONSIBILITY ……………………………………………………………… 2 2. COMPANY OVERVIEW…………………………………………………………………………………………………………………….. 4 2.1 NALCO (NA TIONAL ALUMINIUM COMPANY LIMITED)……………………………………………………………. 4 2.2 HINDALCO INDUSTRIES LIMITED……………………………………………………………………………………………. 5 3. CSR POLICY…………………………………………………………………………………………………………………………………….. 7 3.1 CSR POLICIES OF NALCO………………………………………………………………………………………………………... 7 3.2 CSR POLICIES OF HINDALCO…………………………………………………………………………………………………… 9 4. CSR ACTIVITIES……………………………………………………………………………………………………… .......................... 12 4.1 CSR ACTIVITIES OF NALCO……………………………………………………………………………………………………… 12 4.2 CSR ACTIVITI ES OF HINDALCO………………………………………………………………………………………………… 15 5. COMPARATIVE ANALYSIS OF CSR POLICIES AND ACTIVITIES OF NALCO AND HINDALCO………………… 20 6. HIGHLIGHTS……………………………………………………………………………………………………… .............................. 22
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2 | P a g e 1. INTRODUCTION - CORPORATE SOCIAL RESPONSIBILITY Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society. A business's CSR can encompass a wide variety of tactics, from giving away a portion of a company's proceeds to charity, to implementing "greener" business operations. 1.1 CATEGORIES OF SOCIAL RESPONSIBILITY Environmental efforts: One primary focus of corporate social responsibility is the environment. Businesses regardless of size have a large carbon footprint. Any steps they can take to reduce those footprints are considered both good for the company and society as a whole. Philanthropy: Businesses also practice social responsibility by donating to national and local charities. Businesses have a lot of resources that can benefit charities and local community programs. Ethical labor practices: By treating employees fairly and ethically, companies can also demonstrate their corporate social responsibility. This is especially true of businesses that operate in international locations with labor laws that differ from those in the United States.
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  • Winter '17
  • Prof Natwar Lal

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