BPCL among top ten in “BEST Companies for CSR 2014”
14 Oct 2015 | Nil
Touching lives every day is what Bharat Petroleum does and we are proud that Bharat Petroleum has been ranked among the Top Ten “Best Companies for CSR” in the recent survey by The Economic Times partnering with Futurescape and IIM Udaipur.
From 115, the number of companies that were analyzed has risen to 216 in the second edition of the survey this year, which means there's more competition, and as a result several new companies have risen to find a place in the top 10 rankings of the “Best Companies for CSR 2014” study.
The survey reports that only about 18% of all companies surveyed met the mandatory 2% spending norm and that not a single services company features in the Top 10. What do these facts reveal? "Companies need to think of CSR more strategically," says Namrata Rana, director, Futurescape. For now, companies are engaging with communities in limited areas. "Education, health and environment are prominent. Areas like women's empowerment and supporting artisans, sportspersons etc get a short shrift," says Janat Shah, director, IIM Udaipur. Having said that, the top 10 corporates featured in this report are veterans, with a tradition of executing and monitoring CSR projects. Others can learn from them. This year's CSR study finds that many companies have scaled up operations in CSR and are looking at it as a priority.