RIL gets perfect score in CSR list
Monday, 15 November 2010, 20:09 IST   |    1 Comments
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New Delhi: Mukesh Ambani-led RIL is the sole Indian firm to get a perfect score in a list of Asia's best companies in terms of corporate social responsibility (CSR), which also identified Tata Motors as among the laggards on this front. In a report titled, 'Ethical Asia', by global research firm CLSA, Reliance Industries, Australian airline Cathay Pacific and Japanese conglomerate Mitsubishi UFG have been named as the companies maintaining the highest CSR standards in the region and have been termed the region's 'corporate good guys'. In the same report, two Indian companies-Tata Motors and ITC-have been named among the six companies that need to make a significant improvement in terms of CSR disclosure. The other companies in the league of laggards include China Merchants Bank, Dongfang Electric, SK Energy and Telkom Indonesia, CLSA said. The companies were identified from among the 50 largest entities in Asia, CLSA said, adding that it found many of them did not have a strong culture of disclosure and transparency. CLSA ranked the companies on a scale of one-to-five for their CSR standards and found RIL, Cathay Pacific and Mitsubishi UFG as the only three companies to get the highest score of five. Naming RIL among its top picks, CLSA said that it was an Indian energy company that 'provides very good data and goes well beyond required disclosure.'
Source: PTI
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