A survey conducted by CII, highlights the performance of largest companies in India on Business Responsibility (BR) and Corporate Social Responsibility (CSR).
The Confederation of Indian Industry’s (CII‘s) Centre of Excellence for Sustainable Development (CESD) has released the findings of survey of top 200 companies in India, in a report called ‘Business Responsibility India Survey 2013.’ The release of the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) in 2011 and the CSR Section 135 in the Companies Act, 2013 have led to a larger discussion amongst the stakeholders about the linkage between them. However, perceptions and practices vary and businesses continue to engage in a range of ways on these issues across the spectrum. In that context, CII-CESD thought it important to produce the necessary statistical evidence.
The prime objective of this survey was to provide statistical evidence on BR and CSR practices followed by the top 200 listed companies in India to its various stakeholders. The survey gives key insights into what the largest companies in India are already doing on BR and CSR. It highlights how these companies are responding to demands from various stakeholders to becoming more sustainable and responsive in their businesses and operations. The survey also provides insights to the government to evolve public policies on BR and CSR.
Being an industry association, CII has always encouraged and supported companies in their efforts to become more responsible and sustainable through its initiatives. This Survey provides some striking insights on how the companies in India are already doing on business responsibility. It talks about various sustainability reporting frameworks that companies already use, the percentage of profits they spend on Corporate Social Responsibility (CSR), and the way they honour human rights and address health and safety issues in their organisations.
Some of the key respondents to the survey included : TCS Limited; Cairn India Limited; Mahindra and Mahindra Limited; Ambuja Cements Limited; Sterlite Industries (India) Limited; GAIL; Yes Bank; BHEL; Godrej Consumer products Limited; Infosys Limited ; Larsen & Toubro Limited; Maruti Suzuki; Tata Power; Simens Limited ; BPCL; Hindustan Unilever Limited; ITC Limited; JSW Steel Limited; Titan Industries Limited; Wipro Limited; SAIL; Apollo Tyres Limited; Central Bank of India; Piramal Enterprises Limited; ;Shree Cement Limited; Biocon Limited.
Survey highlighted that strong areas in Business Responsibility (BR) are environment, employee affairs, and governance and areas of concern are human rights, corruption and supply chain. The survey also showcased that the regulatory mandate by SEBI requiring the top 100 listed companies to submit BR reports based on the NVGs is the leading driver for demonstration on policies.
The survey said, about 75 per cent companies have incorporated BR into purchasing policy / supplier code of conduct and about 48 per cent of the companies have or are in the process of conducting ecosystem footprint. It also stated that about 25 per cent companies surveyed spend at least 2 per cent of PAT on CSR activities.
The survey also highlighted the fact that women are under-represented at the workplace. “Women employees account for less than 10 per cent for more than half of the top 200 companies. Nearly 50 per cent companies have no women in the top management or on the board,” the survey said.