1Scholar, USMS, GGIPU, Delhi
2Professor, University School of Management Studies, Guru Gobind Singh Indraprastha University
3An alumnus of Lady Shri Ram College. She has worked in the finance sector as an Compliance head for South Asia at Bloomberg L.P.
Online Published on 20 August, 2024.
Corporate Social Responsibility (CSR) has taken a form or avtar, after notification of The Companies Act, 2013. India is the first country in the world, which has legislated to make voluntary CSR to mandatory. This Act came into effect from 1st April, 2014. As per provisions of Section 135 of this Act, every company with a net worth of rupees five hundred crore (500Cr.) or turnover of rupees one thousand crore (1000 Cr.) or net profit of rupees five crore (5 Cr.) must “ensure that the company spends, in every financial year, at least two per cent (2%) of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy.” The Companies Act includes a detailed schedule of CSR activities (Schedule VII) including ensuring environmental sustainability, ecological balance, conservation of natural resources and maintaining quality of soil, air and water. This paper examines the type of works/projects undertaken by Indian Railways (IR) and its select Public Sector Undertakings (PSUs) for energy management to ensure environmental sustainability since implementation of Mandatory Corporate Social Responsibility (MCSR) in India.
Corporate Social Responsibility (CSR), Mandatory Corporate Social Responsibility (MCSR), Energy Management (EM)
