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6.7 CR policies of Indian MNCs abroad
Explanatory note : A majority of the Indian MNCs (56%) operating outside India maintained that their sustainability reports do not focus on their CR activities outside India.
A majority of Indian subsidiaries (52%) could not cite any reasons for not reporting the CR issues to the headquarters or parent organisation, with a sizeable percentage (30%) denying there being any problems in reporting CR issues outside India. The predominant reason for not reporting CR issues outside India was that their subsidiaries were independent (11%). Seven percent were of the opinion that they were bound by domestic norms of the country the companies operating in and not international ones. The remainder (4%) said it had never been done it before, but that that did not rule out the possibility of them doing it in the future. |
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| 6.8 CR policies applicable in public sector undertakings
Table 13. CR policies applicable to PSUs
|
PSU |
Base: All companies which are Public sector or Govt. units |
85 |
Environment protection and cleaning |
15 |
Be part of government’s overall economic development plan |
13 |
Provide help to victims of natural disaster, weaker sections of society |
9 |
Work for the betterment of ST, SC, OBCs |
7 |
Focus and put more effort in community development |
7 |
Work for community and health, more focus on health and environment |
6 |
As a PSU we should cover and practice all the CR issues |
5 |
Assisting entrepreneurs financially |
4 |
Follow employer labour laws |
4 |
Enhance employment options |
4 |
Other |
14 |
None |
6 |
Don’t know or Can’t say |
29 |
About 15 percent of the PSUs cited environmental preservation and protection as activities that are required to be performed as part of their CR. 33% FMCGs also expressed the same view, but it may be submitted here that their base was rather low at 3 percent. 13 percent of PSUs stated that they were required to be part of the government’s overall economic policy. Other activity areas mentioned were natural disasters and amelioration of vulnerable sections of society, SCs (Scheduled Castes), STs (Scheduled Tribes) and OBCs (Other Backward Communities), community health, financial assistance to entrepreneurs and employee welfare. Banking and finance companies reported the widest variety of intervention areas.
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