Corporate Social Responsibility (CSR) is the continuing commitment by business to behave ethically and to contribute to nation’s economic development while improving the quality of life of the workforce and their families as well as of the local communities and society at large.
BHEL’s Mission Statement on CSR is "Be a Committed Corporate Citizen, alive towards its Corporate Social Responsibility".
BHEL's contributions towards Corporate Social Responsibility till date include adoption of villages, organising free medical camps/supporting charitable dispensaries, schools for the underprivileged and handicapped children, providing aid during disasters/natural calamities, providing employment to handicapped and Ex-serviceman, rainwater harvesting, plantation of millions of trees, energy saving and conservation of natural resources through environmental management. We have identified eight key thrust areas under which the CSR activities are carried out at BHEL.
Globally, the business scenario has been undergoing an unprecedented change leading to evolution of innovative strategies. Organisations are increasingly realising that their operations have a large impact on not only stakeholders like employees, shareholders, suppliers, customers but also on members of public sphere, communities and environment. It is considered to be the moral responsibility for an organisation to take care of the surroundings and people whose lives are being impacted by its operations.
Every business enterprise must take responsibility and be accountable for the social and environmental effects it has in its surroundings. Through this the concept of Corporate Social Responsibility (CSR) emerged, paving a way for businesses to return back to the society from the profits it earns. Such initiatives on the part of a company to improve livelihood of people and preserving environment at surroundings of its operations also go a long way in gathering acceptance from local communities.
Engagement of local communities is essential for long-term sustainability for any organisation. This also ensures enhancement of triple bottom line of People-Planet-Profit, depicting the inclusive growth for an organisation. CSR is the way to move forward for all organisations and become good corporate citizens by preserving the environment and bettering lives of all stakeholders.