Corporate Social Responsibility: A Case Study of Reliance Industries Limited

2/4/2019

CORPORATE SOCIAL RESPONSIBILTY 1
Contents
Company: An interview...................................................................................................................2
Economic and Environmental Performance................................................................................4
Social and Economic Performance..............................................................................................6
Governance and Economic Performance.....................................................................................7
Conclusion...................................................................................................................................9
References......................................................................................................................................10

CORPORATE SOCIAL RESPONSIBILTY 2
Company: An interview
Reliance Industries Limited is selected as a company for the preparation of this report.
(hereinafter mentioned as "Reliance/RIL/company). The company is incorporated in India and
currently having it is a registered office in Mumbai, Maharashtra, (Brennan, 2010). The company
have many business verticals that include telecommunication, energy, textiles, retail,
petrochemicals, and natural resources. RIL has marked its place in one of the gainful companies
of India as the same achieved $100 billion market capitalization in 2007 (Iyengar, 2018).
Ambani family is the promoter group of Reliance, which holds most of the shares out of total 3.1
billion shares. Nearly 46.32 percent shares of the company are registered in the name of the
promoters group and pubic holds the remaining 56.38 percent shares (Rungasamy, 2019).
Listing:- Bombay Stock Exchange Limited (BSE) (Josh, 2015) and National Stock
Exchange of India Limited (NSE) are the major stock exchanges of the countries that have
securities of RIL listed. Further, Reliance also issued and allotted the Global Depository Receipts
(GDRs) and the same are listed on the Luxembourg Stock Exchange (Luxse).
Stakeholders:- Company has identified few stakeholders in the annual report published
for the financial year 2017-18. The identified stakeholders are mentioned below:-
 Employees and workers: - Including all the employed personals of the company.
 Shareholders and Investors:- People who have securities of Reliance or invested money
in the company in any other form
 Suppliers:- People who provide material and other support for the production or
preparation of the final product

CORPORATE SOCIAL RESPONSIBILTY 3
 Customers: Persons who buy the final products (including goods as well as services)
provided by Reliance
 Trade Unions:- Association of workers in trade
 Government and other Regulatory Authorities:- Government of India, State
governments, Stock exchanges, Government departments, and another regulatory
department
 Local Communities- Individuals or organizations that are part of the local environment
Non Profit organizations (NGOs): - The authorities which work for the social causes such
as for the welfare of the woman, children, and other groups of society.
Reliance is actively considering the interest of all the stakeholders by adopting various
practices. The objective behind this is to prevent any potential disputes with one or more
stakeholders. In the sector of Corporate Social Responsibility, Reliance is doing well since years
and implemented many models. If to talk about the environment, the company is doing sourcing
of resources in a sustainable manner. The level of involvement of the company incorporate social
activities can be assumed by the fact that the same spent an amount of 771 Crore Rupees on
subjective activities (Ril.com, 2019a). After reviewing the bifurcation of this spent amount, this
is to mention that the company is spending money on various sectors such as disaster response
and management, education, arts and culture, sports, rural transformation, and many others.
Kitchen garden model is one of the major initiatives taken by the company with the objective to
improve the level of dietary outcomes in rural areas. Further, RIL is also contributing to the
mission of village social transformation. In such a manner, this can be stated that the company is
continuously focusing on the development of local as well as the national environment and is
performing many corporate social activities expecting positive results.