Corporate Social Responsibility at ONGC Ltd.
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Case Details:
Case Code : BECG066
Case Length : 22 Pages
Period : 1996-2006
Organization : ONGC Ltd.
Pub Date : 2006
Teaching Note :Not Available
Countries : India
Industry : Oil and Natural Gas
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Excerpts Contd...
Environment Protection Programs
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ONGC took several measures to reduce pollution and support conservation of
resources through the utilization of waste. The company formulated its
Environment Policy as early as 1983 and adopted environment protection as one of
its objectives in 1988.
It even created a separate department called the Department of Environment (DoE)
to ensure that environmental safeguards were in place. The environment policy of
the company made it mandatory to submit an "environmental impact assessment
report"to the DoE at the time of project formulation...
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Safety
ONGC set up the Institute of Petroleum Safety, Health and Environment
management (IPSHEM) in 1989 with the objective of improving the safety,
health, and environment standards in the Indian petroleum industry. The
institute offered training courses in safety and environment management and
a special training program for off-shore personnel...
Other CSR Initiatives
ONGC also participated in promoting sports and games like cricket, football, hockey, athletics, basketball, chess, golf, billiards, and volleyball in India. In 2004, it received the
"Best Corporate Initiative in Sports"award from the Federation of Indian Chambers of Commerce and Industry (FICCI)...
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CSR: The Way to Go?
The importance of CSR has increased with globalization, as both
investors and customers have become highly sensitive to societal and
environment issues. According to Dr. Madhav Mehra (Mehra), President of
the UK-based World Environment Foundation and the World Council for
Corporate Governance, the importance of CSR would further increase as
the future market would be driven by a younger population (around 54% of
India's population is below 25) for whom social, ethical, and
environmental issues were very important and who liked to be "informed"about the organizations they were buying from or investing in... |
Exhibits
Exhibit I: More about CSR
Exhibit II: Development of CSR in India
Exhibit III: Shareholding in ONGC
Exhibit IV: Global Compact Program
Exhibit V: Environmental Policy of ONGC and Rules and Acts Regarding Environment
in India
Exhibit VI: BT-ACNielsen ORG-MARG Survey
Exhibit VII: Awards Received by ONGC
Exhibit VIII: Perspectives on CSR
Exhibit IX: ONGC Financials
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