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Corporate Social Responsibility OF ONGC

Presented by: Neehar mehta Prannoy Naskar Smit Desai Ravish Chaudhry Yogendra Singh Swaroop Das

TOPICS TO BE COVERED

Introduction C.S.R activities done by O.N.G.C Need for C.S.R. Importance of CSR for ONGC business:

INTRODUCTION
O.N.G.C is India's leading oil and gas exploration company. It has a share of 77 percent in India's crude oil production and 81 % in India's natural gas production. Origin of O.N.G.C can be trace to industrial policy statement of 1948 called for development petroleum industry in India. After 1991 O.N.G.C was re-organized as a limited company under the companies act 1956. ONGC has a fully owned subsidiary, ONGC Videsh Ltd (OVL) that looks for exploration opportunities in other parts of the world. OVL is pursuing exploration of oil and gas in Russia, Iran, Iraq, Libya Myanmar and other countries.

NGC ranks 3rd Oil & Gas Exploration & Production (E&P) Company in the world and 23rd among leading global energy. ONGC ranked 402nd position as per Fortune Global 500 - 2009 list; based on revenues, profits, assets and shareholders equity. ONGCs wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 40 Oil & Gas projects. 6.89 billion tones of In-place hydrocarbon reserves with more than 300 discoveries of oil and gas. 6 out of the 7 producing basins have been discovered by ONGC: out of these In-place hydrocarbons in domestic acreages. Judged as Asia's best Oil & Gas company, as per a recent survey conducted by US-based magazine 'Global Finance.

NEED OF CSR

organizations consider taking responsibility for the impact of their of their activities As the world continues to analyze energy availability and the long-term effects of climate change, businesses too are turning their attention to an area of reduction of carbon emissions, energy conservation and supply chain sustainability CSR holds organizations to a higher moral and ethical standard

SOCIAL RESPONSIBILITIES SHOULDERED BY ONGC


GOKULDHAM CSR ACTIVITIES Activities in Saraswati Vidhya Mandir School in Malad students was given school uniforms, shoes and pair of socks paid academic fees ASHADEEP-SHIKSHA KI JYOT Various events under the scheme were structured as under: Medical Camp Gender Sensitization Programme Advocacy, guidance and services to the parents Counseling for the beneficiaries OLD AGE HOME AT MEHSANA Distributed:- Blanket, Fruits, and Biscuit Main motive:- to meet these old people to share their pains & feelings and provide healing touch

The importance of CSR for ONGC business


1. The Internet has rapidly become the tool of choice for spreading information about companies around the world. 2. The thing every company fears most is becoming the target of a powerful single-issue campaign group. So, rather than wait for it to happen, it is better to take pre-emptive action in the form of environmental product development and labeling, or engaging in such ideas as codes of conduct and social audits. 3. We have to take cognizance of the new forces in the consumer market, where the consumer-citizen is metamorphosing into a citizen-consumer. 4. Cause marketing, development partnerships and environmental concerns make good business sense particularly in terms of recycling materials, employee satisfaction and morale, building up reputational capital and as a distinctive brand marketing tool.

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