Volume No. 12 Issue No.: 02 Page No.: 225-232 Oct.-Dec. 2017

 

TREE PLANTATION IS THE MOST FAVOURED CSR ACTIVITY UNDER ENVIRONMENTAL SUSTAINABILITY BY THE COMPANIES OPERATING IN MEGHALAYA, INDIA

 

Neah Ch. Marak Aksana* and Singh O. P.

Department of Environmental Studies, North-Eastern Hill University, Shillong (INDIA)

 

Received on : August 21, 2017

 

ABSTRACT

 

The Indian Companies Act, 2013 provided the guidelines for the mandatory requirement of activities under the Corporate Social Responsibility by the companies with certain financial threshold. Companies are required to spend at least 2% of their profit in activities listed in the scheduled VII of the Act. Companies may take up a single or multiple activities depending on their policy. In this paper we have analysed the CSR activities undertaken by the companies operating in the state of Meghalaya supporting the environmental sustainability. The companies considered in the present study belong to sectors namely telecom, banking, power, Central Public Sector Enterprises, cement manufacturing, health and nutrition. Data on CSR activities undertaken by companies were collected by questionnaire based survey and/ or obtained from their annual report. It was found that companies undertook various activities ranging from plantation and sapling distribution to waste management to water conservation to soil conservation to energy conservation to bio-diversity conservation to environmental awareness under environmental sustainability. The companies having multiple geographical locations of their operation do not confine the activity to the state of Meghalaya but spread out in other states also. Among various activities, tree plantation and sapling distribution were the most favoured activities under the CSR contribution during 2011-2014 while contribution to funds of central government was the least favoured activity. To simplify the possible reasons as to why companies have taken up the particular activity, the study was conducted.

 

Keywords : CSR, Companies Act, Environmental protection, CSR activities, Meghalaya

 

 

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