Author: Bikramjit Ray ChaudhuriPublisher:
ISBN: 9781529795257
Category : Energy development
Languages : en
Pages :
Book Description
In recent years, Tata Power has consistently spent a significant amount of money in five thrust areas under which philanthropic and corporate social responsibility (CSR) activities were undertaken. In 2019, the United Nations Sustainable Development Goals (UNSDGs) framework was adopted by that body, and all existing projects were mapped under ten UNSDGs. The case describes the establishing of a strategic framework in CSR-related activities of Tata Power that can help management at that company to identify specific projects, implement those projects, evaluate the effectiveness of those projects, and in this way achieve the objectives of sustainability. It also highlights the changes the company underwent in its CSR practices under pandemic conditions in 2020 that truly tested the resilience and holistic nature of the implementation. The case presents a decision point in which Tata Power must consider ways in which CSR initiatives can be integrated with its business strategy with a view to strengthening its sustainability agenda with respect to objectives, processes, outcomes, and impacting society.