Académique Documents
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2014-15
The report highlights Boston Steel India's long-term view on growth and
sustainability and the commitments made during the year to create value
for the community. Boston Steel's strength lies in its ability to innovate,
effect process improvements through use of technology and most
importantly its commitment to the community. This report provides an
overview of the Company's capabilities in these areas
The purpose of this report is to give the details of the initiatives
undertaken under the corporate social responsibility and how they have
impacted the communities around.
There is a need in Boston steel Ltd. to identify the needs of the people
around them which include the stakeholders. They are District
Administration – Department of Education, Child & Family Welfare, Public
Health & Sanitation, Law & Order (Police) etc., Village – Gram Panchayat
and Sarpanch and village elders, representatives of local political parties
and local media.
The total steel capacity in India is today around 160 million tonnes per
annum, which is projected to grow to 290 million tonnes per annum by
2019-20. Boston Steel intends to be a significant player in the domestic
market and remain among the lowest cost producers of steel in the world.
Beyond 2012, the Company aspires to continue to grow its steelmaking
capacity to align with the projected growth in steel consumption in India.
Along with this the company also aspires to do its bit for the community.
Since there are about 2000 villages spread over an area in the 4 villages
which are currently under the project, it provides Boston steel to reach
out to the smallest of people and make a difference in their lives.
(1) Leadership: The Managing Director will be the Chief Ethics Officer,
Responsible for ethical business and the implementation of the
Code of Conduct.
(2) Systems and Process: There is a structure in place at the
Board level to address ethics. The Chief Ethics Officer will report
Annually to the Chairman of the Board on ethical issues and
Compliance with the Code.
(3) Training and Awareness: This is an ongoing process at Boston
Steel covering all relevant stakeholders, particularly employees
and suppliers.
(4) Measurement: Concerns will be monitored, reported and acted
upon. Perceptions Surveys are conducted to assess perceptions of
employees.
LIVELIHOOD ENHANCEMENT:
REFRENCES:
http://www.tatasteel.com/sustainability/csr-reports.asp
http://www.itcportal.com/about-itc/policies/corporate-social-
responsibility-policy.aspx
https://www.youtube.com/watch?v=EQ6rR9r8e3E
http://www.epw.in/web-exclusives/analysis-corporate-social-
responsibility-expenditure-india.html
PREPARED BY:
SHUBHAM GUPTA (B016)