ABSTRACT

This chapter aims to discuss corporate social responsibility (CSR) interventions in the oil and gas sectors in India with special reference to Central Public Sector Enterprises. The Commission of the European Communities, has explained CSR as the concept that an enterprise is accountable for its impact on all relevant stakeholders. The initiative taken by the Indian government to constitute CSR as a provision of the Companies Act, 2013 has forced companies to rethink their CSR initiatives. The metric used to study the CSR initiatives of the oil and gas sector is based on the concept of a triple-bottom-line approach using economic, social and environmental parameters. At the macro level, the government sector is expected to play the role of driver of CSR initiatives by the corporation for the benefit of society. The term civil society organization may be wide in scope and include an array of organizations, including NGOs and not-for-profit organizations.