Evaluating CSR Commitment of Cement Companies across Multiple Social Sectors in India

Bhavesh A. Prabhakar; Gurudutta P. Japee

doi:10.36948/ijfmr.2023.v05i02.2513

Evaluating CSR Commitment of Cement Companies across Multiple Social Sectors in India

Author(s)	Bhavesh A. Prabhakar, Gurudutta P. Japee
Country	India
Abstract	Corporate Social Responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business / responsible business) is a form of corporate self-regulation integrated into a business model. This study aims to evaluate CSR commitment of cement companies across multiple social sectors in India. The research is based on secondary data obtained from the national CSR portal of selected five cement companies in India for the period 2014-2015 to 2020-2021. At the completion of the study, we conclude that UltraTech Cement Ltd. and Ambuja Cements Ltd. topped the list in terms of the average CSR amount spent while Shree Cements Ltd expended moderately in comparison. The rest of the two companies namely; Ramco Cements Ltd. and ACC Ltd. remained laggards when it came to the seven-year average CSR spent figure. Furthermore, the evaluation of the CSR spent of the companies under study across multiple social sectors brought successive gist to light. Education, Health Care and Rural Development Projects initiatives bagged the highest spending while Environmental Sustainability, Women Empowerment, as well as Art and Culture attracted moderate CSR funding. The rest of the sectors comprising list received lower and lower commitment from the companies under study. Those segments included the likes of Vocational Skills, Senior Citizens Welfare, Agro Forestry, Sanitation, Safe Drinking Water, Gender Equality, Socio-Economic Inequalities among others.
Keywords	Corporate Social Responsibility (CSR), Social Sectors, Education, Health Care, Rural Development Projects, Environmental Sustainability, Women Empowerment
Published In	Volume 5, Issue 2, March-April 2023
Published On	2023-04-21
Cite This	Evaluating CSR Commitment of Cement Companies across Multiple Social Sectors in India - Bhavesh A. Prabhakar, Gurudutta P. Japee - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2513
DOI	https://doi.org/10.36948/ijfmr.2023.v05i02.2513
Short DOI	https://doi.org/gr6h83

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Evaluating CSR Commitment of Cement Companies across Multiple Social Sectors in India

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