Corporate social responsibility of tata group 2013. [PDF] Corporate Social Responsibility: A Case Study Of TATA Group 2022-10-30
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Corporate social responsibility (CSR) refers to the voluntary efforts of businesses to address the social, environmental, and economic impacts of their operations and to contribute to the well-being of the communities in which they operate. The Tata Group, one of India's largest conglomerates, has a long history of embracing CSR and incorporating it into its business practices.
In 2013, Tata Group's CSR efforts were focused on several key areas, including education, health, and community development. The company's "Tata ClassEdge" program, for example, aimed to improve the quality of education in rural and urban areas by providing schools with digital learning resources and teacher training. The Tata Group also invested in various health initiatives, including the Tata Medical Center in Kolkata, which provided cancer treatment to underprivileged patients, and the "Tata Swach" program, which aimed to provide clean drinking water to rural communities.
In addition to these specific programs, the Tata Group also worked to improve the lives of the communities in which it operated through initiatives like the "Tata Community Development Trust," which supported the development of infrastructure and amenities in villages and towns near Tata facilities. The company also supported the development of local micro, small, and medium enterprises (MSMEs) through its "Tata Kalinga" program, which provided training and support to help these businesses succeed.
In 2013, the Tata Group also made significant efforts to reduce its environmental impact and promote sustainability. The company set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy, and it implemented a range of energy-efficiency measures in its facilities. In addition, the Tata Group supported initiatives to conserve natural resources and protect biodiversity, such as the "Tata Water Mission," which aimed to improve water management in local communities.
Overall, the Tata Group's CSR efforts in 2013 demonstrated a strong commitment to addressing the social and environmental impacts of its operations and to contributing to the well-being of the communities in which it operates. The company's comprehensive approach to CSR reflects its belief that businesses have a responsibility to contribute to the development of sustainable and inclusive societies.
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Together, they also started The SAP Labs Center of HOPE in Bangalore, which serves as a home for street children, where they provide food, clothing, shelter, medical care and education. The thrust areas for Tata Steel are sustainable livelihood - especially skill development and employability training, education and health care, all of which constitute the Human Development Index - a quality of life indicator. Many institutions are not functional due to staff shortage and non-availability of drugs and consumables and essential equipment. Most look to the outer circle — what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. The existing public health infrastructure is not evenly distributed across the States. In the year 2007-08, the upgradation process has been initiated in four it is, who are equipped with latest machines and tools. Most of our programmes are participatory in nature and focus on institution development and capacity building.
[PDF] Corporate Social Responsibility: A Case Study Of TATA Group
Take the following illustration: Companies need to answer to two aspects of their operations: 1. The new materiality map prepared objectively with external help identifies community development as one of the most material issues for us and our stakeholders. The company started as a private trading firm but it is currently one of the biggest conglomerates globally Humayun and Ram, 2019. Companies have also realized that CSR can be used as a growth strategy. Undoubtedly "profitability" has always been the driving force and an undercurrent behind all this development; but as every coin has two facets; growing cut throat competition and business rivalries started taking heavy toll on the quality, transparency, environment and the society in general endangering the peaceful coexistence of business and society.
A big reason for this is the brand recognition that Tata enjoys in India. If anything, they are on the rise. Keeping these figures in mind, the Company has launched several initiatives for improving the health status of community members in the CSR project areas across locations. Out of the various stakeholders, it is financial analysts who are predominantly focused — as well as past financial performance — on quality of management as an indicator of likely future performance. Corporate Risk Management team organises multiple workshops for various functions.
CORPORATE SOCIAL RESPONSIBILITY OF TATA childhealthpolicy.vumc.org
Their legacy of returning to society what they earn put forward trust among consumers, employees, shareholders and the community. Corporates like the TATA, ITC, Aditya Birla, and Indian Oil Corporation, are few to name who are involved in helping the society ever since their foundation. This focus on stakeholders will lead to a sustainable competitive advantage and increased profits both. If yes, please give hyperlink for webpage etc. Corporate Social Responsibility CSR. If so, provide details thereof, in about 50 words or so.
Overall development of a community to supporting specific causes like education, environment, healthcare etc. The group plans to take overseas the Tata trusts and all the community work that it does as part of its international corporate social responsibility. Agricultural training was given to minimize the use of environmentally hazardous methods and materials. If yes, please give hyperlink for web page etc. Why is CSR important? Additional motive for this rapid acceptance of CSR is the state of the Indian society. Special programmes are also run for women including sewing training, beautician courses, manufacturing food products and utility items and cable harnessing and assembly work.
A crucial component of the Tata idea of nation building was, and remains, the creation and sustaining of exceptional institutions of learning, research, knowledge and intellectual capital. A focus area, in this context, is the climate change crisis. If yes specify the broad areas. In Jamshedpur, in over 152 acres tree plantation has extensively been carried out and 85 acres of land has been brought under irrigation Other CSR Objectives Sumant Moolgaokar Development Foundation Sumant Moolgaokar Development Foundation SMDF has been founded in memory of our ex-chairman Late Shri Sumant Moolgaokar with a view to perpetuate his exemplary work in rural development. Find Out How UKEssays.
Tata Steel has evolved, over the years, an encompassing culture of social responsibility that not only sustains but also enriches the lives of the communities it supports. SAP India in partnership with Hope Foundation, an NGO that works for the enhancing the poor and the needy throughout India, has been working on short and long-term transformation initiatives for the tsunami victims. As a result, organizations came to a realization of the significance in rising past the desire for profitability to take care of their consumers both directly and indirectly i. Till date, this strategy has enabled Tata to excel in India. Hence, CSR has become increasingly famous in the Indian corporate scenario and is one of the key drivers of CSR. We are aware that certain businesses or products, though highly profitable, are more prone to have higher negative impacts on society.
To ensure this, we propose that the voluntary Tata Index be made mandatory and moved under the TQMS group. The first challenge that Tata must address is to align its existing Corporate Social Responsibility policies, both internal in regards to the treatment of its workers and green initiative as well as external support for surrounding communities with the customs and challenges of the new markets in which it operates. Annual Customer Satisfaction Surveys are conducted by engaging a third party agency for Customer and Channel Segments. The initiatives include both preventive as well as curative health care services. Companies have CSR teams that develop specific policies, strategies and goals for their CSR programs and set aside budgets to sustain them.
Its efforts to preserve and regenerate the environment find expression in the slew of projects and programmers it has undertaken in and around its facilities and operations. They work in tribal villages where they provide medical check-up and treatment, health camps, health awareness programs, etc. Please explain in 50 words, or so. These marking cannot be seen with naked eye but visible with a special torch beaming ultra-violet ray. If so, provide details thereof, in about 50 words or so.
If yes details thereof. Introduction Broad discussions as to whether companies need to undertake their social responsibility started in the late 1880s. It is approached in a more organized and structured fashion. CORPORATE SOCIAL RESPONSIBILITY: TATA GROUP EXECUTIVE SUMMARY From the commencement of the barter system to the contemporary era of plastic money like credit cards and ATM cum Debit Card, mankind has walked through a remarkably lengthy path Baumann-Pauly et al, 2018. Tata Group places a special emphasis on environmental and ecological issues in view of the threat to environment. The quality of their management — both in terms of people and processes the inner circle. Tata Steel's direct contribution to community development is Rs.