NAIM KERUWALA CONSULTANT JANWANI MAHRATTA CHAMR OF COMMERCE INDUSTRIES AGRICULTURE The function of CSR is not to cover up the bad des. If I am regularly donating money for Police welfare fund it does not mean that I can murder someone and Police won t take action against me out of obligation. CSR undoubtly helps in enhancing the Goodwill of the company as hence the companies have to function more responsibly to maintain that high goodwill. It definitely increases the pressure on companies but also generates higher returns.
As point out by many readers
Oil Industry was too minor an example and sample too small to jump to any conclusion. However it was interesting to read a very different perspective to CSR. SATYENDRA SINGH MANAGER UCO BANK INDIA Focusing only on oil sector is not a great idea when it comes to meaning of CSR for such companies. actually whole energy sector considering Italy Phone Number List all conventional energy resources like oil coal gas nuclear has always en the biggest threat for the environmental stability. a little bit of negligence can create a huge environmental damage. though it is a fact that such companies spends billions on CSR to improve their CSR ratings but damage caus by even a small mishap for example oil spill will not able to recover by their CSR expenditure.
Spending on CSR never provides
Any right to create any harm to environment intentionally or unintentionally. incidents like chernobil fukushima BP oil spill many other can not just forgotten Luxembourg Phone Number or the sake of spending done on the sufferigs of the peoples of such incidents. this why i think CSR is not a much meaningful term for the oil sector companies. KAPIL KUMAR SOPORY COMPANY SECRETARY SMEC INDIA PRIVATE LIMIT It is a fact even though ironical that human expectations from the tter go on increasing.
