According to reports by Hong Kong based brokerage and investment firm CLSA, both ITC and RIL are the top companies involved in CSR (Corporate social responsibility) initiatives in whole Asia. The analysis was done keeping top 50 Asian companies in mind along with companies from India, China, Japan and Malaysia.
On a scale of five, India has stood on an average of 3.7/5 for its CSR initiatives. Besides RIL and ITC, the other companies were Infosys, TCS, & L&T (4/5 points each) as well as 2 others. The ratings were based on diverse factors of CSR including environmental impact, social impact, corporate governance, transparency towards public, and other details.
Besides ITC and RIL companies, the other companies in Asia to receive 5/5 are Cathay Pacific of Hong Kong and Mitsubishi of Japan.
On a negative side is the standing of Tata motors. The CSR report of Tata Motors lacked transparency, the report mentioned a lot of plans but no plan of action as to how Tata motors plans to achiever its goals. Due to these reasons, Tata Motors has received the lowest CSR ratings from CLSA.
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About Hitesh Bhasin
