Building a Csr Index
BUILDING A CSR INDEX
In our CSR index, companies would be judged in 6 key assessment areas. Not only should the company have formulated goals or CSR targets but also achieved them within the stipulated period of time for a maximum score. The 6 key assessment areas are as follows:
ASSESSMENT AREAS 1. ENVIRONMENT:
This assessment area includes the physical surroundings in which the company operates including waste disposal techniques, energy saving initiatives, or climate change.
POINTS OF EVALUATION * Is the company using products that are sustainable? * Does the company have an efficient waste disposal system? * What does the company do to save energy? * Does the company encourage the use of renewable resources? * What is the procedure to deal with hazardous chemicals?
GVK
GVK has deeply focussed on environmental sustainability by developing in house expertise in ‘Clean Development Mechanism’ (CDM) projects.
GVK has been ranked second across all industries in India for Carbon Disclosure Leadership Index.
GVK BIA (Bangalore International Airport) won the ‘Most Innovative Environmental Best Practice award’.
It can be observed that GVK has been leaders in initiating Carbon Footprint mapping process for its various projects. It also ensures that its projects are eligible for carbon credits.
GVK’s BIA is one of the first Indian Airports to save energy by using Bio Fuels for ground Vehicles.
Thus On a scale of 1- 10 , Since GVK has not taken initiatives for environmental sustainability, it has also been acknowledged for the same, it can be given a rating of 9 points. One point being deducted since nothing has been mentioned about the waste disposal mechanism. 2. SOCIETY: This assessment are includes all those activities that the company undertakes that is in the best interest of the society. Every organisation borrows its resources from the society and hence has a duty to pay back to the society what society has given to the
In our CSR index, companies would be judged in 6 key assessment areas. Not only should the company have formulated goals or CSR targets but also achieved them within the stipulated period of time for a maximum score. The 6 key assessment areas are as follows:
ASSESSMENT AREAS 1. ENVIRONMENT:
This assessment area includes the physical surroundings in which the company operates including waste disposal techniques, energy saving initiatives, or climate change.
POINTS OF EVALUATION * Is the company using products that are sustainable? * Does the company have an efficient waste disposal system? * What does the company do to save energy? * Does the company encourage the use of renewable resources? * What is the procedure to deal with hazardous chemicals?
GVK
GVK has deeply focussed on environmental sustainability by developing in house expertise in ‘Clean Development Mechanism’ (CDM) projects.
GVK has been ranked second across all industries in India for Carbon Disclosure Leadership Index.
GVK BIA (Bangalore International Airport) won the ‘Most Innovative Environmental Best Practice award’.
It can be observed that GVK has been leaders in initiating Carbon Footprint mapping process for its various projects. It also ensures that its projects are eligible for carbon credits.
GVK’s BIA is one of the first Indian Airports to save energy by using Bio Fuels for ground Vehicles.
Thus On a scale of 1- 10 , Since GVK has not taken initiatives for environmental sustainability, it has also been acknowledged for the same, it can be given a rating of 9 points. One point being deducted since nothing has been mentioned about the waste disposal mechanism. 2. SOCIETY: This assessment are includes all those activities that the company undertakes that is in the best interest of the society. Every organisation borrows its resources from the society and hence has a duty to pay back to the society what society has given to the