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Sustainability in Reliance Industries Ltd. and Tata Motors

   

Added on  2022-12-01

12 Pages2559 Words307 Views
Sustainability 0
Business Society and
Planet
Student’s Name
9/6/2019

Sustainability 1
Question 1: Introduction of the two companies
Corporate social responsibility is developed as one of the standard business practices
that allows the companies to boost the morale of the employees and enhance its corporate
image. It will help the companies to increase their profit margins by attracting large number
of customers (Lozano & Von Haartman, 2018). The further paragraphs of the report will
reflect upon the two companies from the different industries but operates in same country. It
will cover the vision, mission, business activities and the CSR initiatives of Reliance
Industries Ltd. and Tata Motors.
Reliance Industries Ltd. is considered as the most profitable private sector company
that has evolved from textile and polyester company to combined player across energy,
materials, retail, entertainment, and digital services. The mission of the company is to provide
best value-added advice to its clients and investors. The company holds 31.4% shareholder
value and has the vision of developing long-term trustful relationships with clients. The
company focuses on conducting the business with full integrity and aims to maximize the
value for the customers. The company is highly committed towards sustainability and makes
continuous efforts to improve triple bottom line and make positive contribution towards
society (Reliance Industries Limited, 2019).
Tata Motors is considered as the foremost worldwide automobile manufacturing
corporation that diversifies its portfolio by providing wide range of cars, sports utility
vehicles, trucks, buses and defence vehicles. The vision of company is to become the most
inspirational Indian auto brand and provides innovative mobility solutions to enhance the
quality of life. Tata Motors has taken various CSR initiatives that allow refining the quality of
life of deprived community. It develops the strategies and policies that effectively contribute

Sustainability 2
to sustainability. The values of the company include conducting ethical activities, customer
focus and ensuring teamwork at workplace (Tata Motors, 2019).
Question 2: Nature of the sustainability report
It is analyzed that Reliance Industries Ltd and Tata Motors effectively contribute
towards sustainability and focuses on enlightening the value of life of the deprived
community. Both the companies have been ranked as topmost company towards sustainable
contribution. The similarities between the CSR initiatives include the contribution towards
environment protection and social contribution by improving the lifestyles of underprivileged
community (Reliance Industries Limited, 2018).
The difference in the CSR initiatives of both companies is reflected through the area
of focus developed in the year 2018. It is analyzed from the sustainability report that Reliance
Industries Ltd. focuses on the issues of rural transformation by providing the opportunity of
education and improving the health of the underprivileged community. It concentrates on
environment sustainability and becomes responsive to disasters. The company initiates
towards protecting the rich culture and heritage (Reliance Industries Limited, 2018). On the
flip side, the sustainability policy of Tata Motors focuses more on improving the quality life
of the community. The sustainability initiatives are divided into three sections which include
social, economic and environmental.
The report of Reliance Industries Ltd is grounded on national practices while the
sustainability report of Tata Motors emphasise more on the issues. It concentrates on energy
management, environmental responsibility, product stewardship, occupational health and
safety, and social institution building. On the other hand the sustainability initiatives of Tata

Sustainability 3
Motors majorly concentrate on environment consciousness and wellbeing of the society (Tata
Motors, 2018).
The sustainability reports of both companies concentrate on the business activities of
the companies and do not cover the sustainability practices from area wise. It is also analyzed
that the sustainability report of Reliance Industries makes the contribution of all the different
industries in which the company deals and makes the internal comparisons easier while the
internal comparison in Tata Motors sustainability report is a complex task. In a conclusive
way, this would not be wrongful to state that the sustainability report of Reliance Industries is
stated in more detail in comparison to the sustainability report of Tata Motors (Tata Motors,
2018).
Question 3: Sustainable development goals
It was analyzed that Reliance Industries Ltd is considered as Conglomerate Company that
majorly affects the society in which it operates. The company mainly addresses the twelve
sustainability goals that allow it to improve its workplace practices and leave a progressive
influence on society. The company operates at large scale and has a huge responsibility
towards the environment (Assembly, 2015). The most relevant sustainability goals that are
addressed by Reliance Industries include:
SDG 7: Affordable and clean energy
SDG 6: Clean water and sanitation
SDG 8: Decent work and economic growth
SDG 9: Industry, innovation, and infrastructure
SDG 12: Responsible consumption and production
SDG 13: Climate action

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