International Journal of Business Ethics in Developing Economies

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Corporate Social Responsibility Practices in Indian Petroleum Companies:A Case Study of Selected PSUs


Affiliations
1 Department of Management Studies, National Institute of Technology Silchar, Assam, India
     

   Subscribe/Renew Journal


Corporate Social Responsibility (CSR) is not a very new concept, it is an old concept. Earlier, in India it was optional to the company that they may contribute voluntarily towards CSR but after the Companies Act 2013, it was formally introduced in the business environment and was made mandatory for those companies whose net worth and profit cross a threshold limit. They should contribute 2% of the average net profit of just preceding three years profit. This paper primarily focuses on CSR practices of some selected public sector petroleum companies in India. The study has been conducted based on the Annual Reports of seven selected public sector companies. Five years of data on CSR spending from 2009–10 to 2014–15 were examined. Moreover, the pattern of expenses was also examined. Since petroleum companies are giants of the India economy and contribute significantly towards the Gross Domestic Product (GDP) of our country. Thus it is necessary to look into how these companies are contributing towards CSR. An attempt has been made to examine the early impact of Section 135 of the Companies Act.

Keywords

Companies Act 2013, Corporate Social Responsibility, Gross Domestic Product, Petroleum Companies.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Alabi, O. F., & Ntukekpo, S. S. (2012). Oil companies and corporate social responsibility in Nigeria: An empirical assessment of Chevron’s community development project in the Nigeria delta. British Journal of Arts and Social Sciences, 4(2), 361–373.

  • Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance investigation the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59, 229–254.

  • Bansal, H., Parida, V., & Kumar, P. (2012). Emerging trends of corporate social responsibility in India. KAIM Journal of Management, 4(1–2).

  • Bharat Petroleum Corporation Ltd. Annual Report of Bharat Petroleum Corporation Ltd. from 2009–10 to 2014–15. Retrieved on 20 August 2018 from https://www.bharatpetroleum.com/

  • Gas Authority of India Ltd. Annual Report of Gas Authority of India Ltd. from 2009–10 to 2014–15. Retrieved on 21 August 2018 from http://gailonline.com/hindi/home.html

  • Gautam, R., & Singh, A. (2010). Corporate social responsibility practices in India: A study of top 500 companies. Global Business and Management Research: An International Journal, 2(1), 41–56.

  • Hindustan Petroleum Corporation Ltd. Annual Report of Hindustan Petroleum Corporation Ltd. from 2009–10 to 2014–15. Retrieved on 19 August 2018 from http://www.hindustanpetroleum.com/

  • Indian Oil Corporation Ltd. Annual Report of Indian Oil Corporation Ltd. from 2009–10 to 2014–15. Retrieved from https://www.iocl.com/

  • Oil and Natural Gas Corporation Ltd. Annual Report of Oil and Natural Gas Corporation Ltd. from 2009–10 to 2014–15. Retrieved on 18 August 2018 from https:// www.ongcindia.com/wps/wcm/connect/en/home/

  • Oil India Ltd. Annual Report of Oil India Ltd. from 2009–10 to 2014–15. Retrieved on 17 August 2018 from http:// www.oil-india.com/

  • Okaparandubuisi. (2014). Corporate social responsibility and the role of oil companies in community development projects in rivers state Nigeria: An evaluation. IOSR Journal of Humanities and Social Science, 19(3), 92–97.

  • Prabhakar, R., & Mishra, S. (2013). A study of corporate social responsibility in Indian organization: An introspection. Proceedings of 21st International Business Research Conference, Canada, 10–11 June.

  • Prasad, B. (2012). Sustainable development vis-a-vis actual corporate social responsibility. Retrieved from www.indiacsr.in.

  • Ramesh, B., & Mendes, S. (2015, October–December). Corporate social responsibility: A comparative study of select public and private sector banks in India. The Indian Journal of Commerce, 68(4), 80–85.

  • Shah, S., & Bhaskar, S. (2010). Corporate social responsibility in an Indian public sector organisation: A case study of Bharat Petroleum Corporation Ltd. Journal of Human Values, 16(2), 143–156.

  • Singh, M. K., & Sharma, S. (2015, October–December). Corporate social responsibility for sustainable change: A case of Hindustan Unilever Limited. The Indian Journal of Commerce, 68(4), 57–63.

  • Vitezic, N. (2010, September–December). A measurement system of CSR in the pharmaceutical industry of the region. International Journal of Management and Information Systems, 14(5), 57–66.


Abstract Views: 142

PDF Views: 0




  • Corporate Social Responsibility Practices in Indian Petroleum Companies:A Case Study of Selected PSUs

Abstract Views: 142  |  PDF Views: 0

Authors

Abhijit Ranjan Das
Department of Management Studies, National Institute of Technology Silchar, Assam, India
Subhadeep Mukherjee
Department of Management Studies, National Institute of Technology Silchar, Assam, India

Abstract


Corporate Social Responsibility (CSR) is not a very new concept, it is an old concept. Earlier, in India it was optional to the company that they may contribute voluntarily towards CSR but after the Companies Act 2013, it was formally introduced in the business environment and was made mandatory for those companies whose net worth and profit cross a threshold limit. They should contribute 2% of the average net profit of just preceding three years profit. This paper primarily focuses on CSR practices of some selected public sector petroleum companies in India. The study has been conducted based on the Annual Reports of seven selected public sector companies. Five years of data on CSR spending from 2009–10 to 2014–15 were examined. Moreover, the pattern of expenses was also examined. Since petroleum companies are giants of the India economy and contribute significantly towards the Gross Domestic Product (GDP) of our country. Thus it is necessary to look into how these companies are contributing towards CSR. An attempt has been made to examine the early impact of Section 135 of the Companies Act.

Keywords


Companies Act 2013, Corporate Social Responsibility, Gross Domestic Product, Petroleum Companies.

References