CSR Activities of Indian Oil Corporation Limited

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CSR Activities of Indian Oil Corporation Limited 1
Introduction
Corporate Social Responsibilities refers to the business approach which aims at conducting
activities that are ethical. It includes activities like working in a team within the community,
developing strong relationships between employees and its potential customers and protecting
environment. Business gets involved in CSR activities to minimize the negative impact of its
activities on the society. It helps in contributing a sustainable growth and creating benefits to
its shareholders. Indian Oil Corporation Ltd is the company that is highly involved in the
CSR activities. Indian Oil is public limited company which was founded in 1964 in New
Delhi. It was founded by Sanjiv Singh and it deals in producing oil and gas and other
petrochemicals. It has nearly 33,135 employees working with it. It basically serves in India,
Sri Lanka, Middle East and Mauritius.
Corporate social responsibility is important in order to be aware of every movement about the
impact of the organization’s business on the stakeholders, customers and the environment. It
also helps in maintaining the ethical and developing business environment for the business.
CSR includes many responsibilities and roles such as Human rights, employee evaluation,
corporate governance, health and safety, working conditions and the contribution to the
economy on the whole. The aim of CSR should be quite ambitious to create imbibe change
for an organization to sustain itself in the market.
Indian Oil is one of the India’s largest oil company in terms of sales. It has successfully
ranked itself in the 125th position globally. It manages to control 10 refineries out of 20
refineries in India and calculates to 34.8% of market share of national refining. It aims at
focusing on cost effectiveness, energy efficient and creating eco-friendly environment (Indian
Oil, 2018).
The mission of the company is to boost the participation for the growth of the employees and
motivate them to get involved in innovations. In addition to this, the company also aims at
enriching the quality life of people by maintaining an ecological balance and also conducting
large number of CSR activities.
The vision of the company is to broaden its horizons, to expand across new vistas, and to
infuse new-age dynamism among its employees.

CSR Activities of Indian Oil Corporation Limited 2
Corporate Social Responsibility of Indian Oil Corporation
Ltd
The CSR activities carried out by Indian Oil has achieved a greater success from the very
beginning of its establishment. “Enrich the quality life of the community and protect the
ecological balance and heritage through a strong environment conscience” is the mission
statement of Indian Oil which proves that how devoted they are towards the betterment of the
society. There are majorly four core values of the Indian Oil that includes Care, Innovation,
Passion and Trust. They often feel that it is an honour to serve all the customers of the
country and that is the main reason behind rephrasing from “Indian Oil” to “India Inspired”
in many of the corporate campaigns. Indian Oil helps to develop the society by providing
unlimited number of resources. They always try to work beyond the expectation of the
customers and also try to put an extra effort in order to improve the quality life of the member
sin the society (Rana, 2015).
It aims at operating huge number of activities. Indian Oil is continuously taking concrete
action plans to improve its social objectives by building a value in the mind of its customers
as well as its stakeholders. The company focuses on respecting human rights and investing
more in the adaptation of new technologies for the economic and sustainable growth. In the
last five decades, Indian Oil has been continuously supported the uncountable social
initiatives in India. It has huge number of people by involving in several health care projects
and other many educational programmes. Despite of getting involved in welfare activities, it
has also involved itself in introducing eco-friendly products and services that will be an
advantage for billions of customers. Those products and services will be techno-
economically viable and will also ensure the high standards of safety (Rubin, 2011).
Each year, Indian Oil collects a fix amount of profits that is put aside to serve the customers
and create a million dollar smile on their faces by creating many welfare and development
programmes. Nearly one fourth of the community development funds are spent on the
welfare of the Scheduled caste and scheduled Tribal. Indian Oil has been highly involved in
the communities like health, training and development, education, sanitation facility, water