Tata fares best in new Indian CSR rankingJanuary 2009
Tata has been placed top of a new sustainability index based on the views of India’s opinion leaders.
The index, created by BT and GlobeScan, a public opinion and stakeholder research company, shows Tata was the business most frequently named by respondents (31 per cent) as a good sustainability performer, followed by security company Reliance (13 per cent) and the IT business Infosys (10 per cent).
Altogether 215 ‘senior’ individuals from the academic, corporate, government, media and voluntary sectors were interviewed in India. Their views were added to data gathered through an online survey that generated 1168 further responses.
Tata, which has an annual $63billion (£41bn) turnover and owns businesses in fields as diverse as car manufacturing, chemicals, consultancy, steel-making, and hotel management, spends about four per cent of net profits on community projects.
Despite some companies’ good results, most respondents felt overall performance in India was disappointing, especially on tackling climate change, corporate governance practices and water resource management.
They blamed this on a lack of awareness of sustainable development issues inside companies, combined with an absence of political pressure on business to make progress.
However, a majority of opinion leaders (57 per cent) felt companies in India were now more active on sustainable development than a year ago.
BT said it started the index, which will be updated annually, to encourage companies in India to take more account of CSR issues.
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