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CSV EndTermAssignment

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SARGAM JAIN
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21 views

CSV EndTermAssignment

Uploaded by

SARGAM JAIN
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Introduction

JSW Steel is India's leading manufacturer of value-added and high-grade steel products.
With the largest product portfolio in steel, the company is India's largest steel exporter,
shipping to over 100 countries across 5 continents. As of 2020, the company had a net
income of approximately 4000 crores.

Financial Investment in CSR


During the financial year 2019-20, JSW Steel has spent an amount of Rs. 152 crores towards
CSR – Corporate Social Responsibility expenditure, which is an increase of over 100% as
compared to the previous year.

In the last four financial years, JSW Steel has consistently increased the share of
CSR expenditure. This is in line with the CSR committee’s vision to build robust CSR
capabilities that enable the organisation to create long-term and far-reaching impact.

The Company has been continuously increasing its spend on CSR initiatives every
year and has spent an amount of Rs. 43 crores, Rs. 53 crores, and Rs. 63 crores in
the financial year 2016-17, 2017-18 and 2018-19 respectively. This reflects a year on
year increase of 23%, 19%, and 14% respectively. 

CSR Activities/ Areas

“The Company is committed to empowering communities and creating sustainable


livelihoods. This is achieved through the thought leadership and implementation by
JSW Foundation, the organisation entrusted with the mandate of CSR for entire JSW
Group.”, report said.

Over the years, the Company has consistently invested in initiatives that help
improve living conditions, promote social development, address social inequalities &
environmental issues, preserve national heritage, promote sports and support rural
development projects.

The Company’s CSR interventions have reached out to communities across more
than 255 villages in 4 states of India with special focus on:

 Strengthening public health and nutrition with special focus on mothers,


children & adolescent girls.
 Comprehensive water management leading not only to sustainable
environment but also sustained agri-livelihoods, in turn affecting nutrition and
poverty.
 Empowerment of women through JSW Shakti initiatives, i.e. (Rural BPO for
women, promoting Self-Help Groups etc.). JSW Shakti is now registered as a
Section 8 company to provide scaled up support to rural entrepreneurs,
especially women across the country.
 Improving quality education in rural schools through infrastructure, training
methodology and
 capacity building initiatives.
 Sanitation and waste management, single use plastic waste in particular.
 Well though environment upgradation programmes such as mangrove
restoration etc.

Monitoring CSR
The CSR programmes are monitored by both internal and external experts. As per
the CSR policy, progress of the programmes is reviewed periodically by the Board-
level CSR Committee, as well as the management at the sites. The Company
through its Board and the CSR Committee follows a comprehensive approach to
deliver socially inclusive and holistic interventions that help create equitable
opportunities for the underprivileged and contribute to nation building.

Community development activities undertaken since 2014

The following links includes the above topic:

https://www.outlookindia.com/csr_2019/jsw_foundation.php

https://www.jsw.in/sites/default/files/assets/downloads/steel/IR/Financial
%20Performance/Annual%20Reports%20Steel/jsw_steel/community-
development.html

Map the SDGs and targets addressed by the company only through the community
development activities

While the implementation of programmes remains closely linked to the local context,
the alignment with UN SDGs and dovetailing of best practices is also taken care
while implementing CSR programmes, the company’s recent annual report said.

SDGs
: (1) No Poverty, (2) Zero Hunger, (3) Good Health and Well-being, (4) Quality Education,
(5) Gender Equality, (6) Clean Water and Sanitation, (7) Affordable and Clean Energy,
(8) Decent Work and Economic Growth, (9) Industry, Innovation and Infrastructure,
(10) Reducing Inequality, (11) Sustainable Cities and Communities, (12) Responsible
Consumption and Production, (13) Climate Action, (14) Life Below Water, (15) Life On Land,
(16) Peace, Justice, and Strong Institutions, (17) Partnerships for the Goals.

1) Explain how community development activities have created shared value


2) Critical evaluation of the CSR activities

REFERENCES
https://indiacsr.in/jsw-steel-spends-rs-311-cr-on-csr-corporate-social-responsibility-in-the-
last-4-years/

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