Corporate Social Responsibility: Interventions of Oil and Gas Central Public Sector Enterprises in India

Abstract

Oil and gas companies have immensely contributed to India’s growth. Considering the nature of operation, there is a growing need for research in the area of CSR initiatives of these companies to commensurate the damages caused by them to environment, people and other stakeholders. The paper provides a platform to explain the various guidelines on CSR applicable to oil and gas public sector enterprises in India and intends to elaborate the need for CSR practises by oil and gas sector. The study is an exploratory research based on secondary data collected from seven major oil and gas sector companies in India to identify the various social and environmental interventions undertaken as CSR. The paper acts as a framework for further researches on assessment of the CSR impact of oil and gas companies in India for environmental sustainability and social upliftment. The paper identifies the future thrust areas of CSR and elaborates the need for collective sectoral effort in initiating CSR activities.

Keywords: Corporate Social Responsibility, Central Public Sector Enterprise, Oil and Gas Sector, Metric, India.

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