Ballarpur Industries Limited (BILT), India’s largest paper company and part of the US$ 3 bn Avantha Group, has received the highest rating in the Karamayog Corporate Social Responsibility (CSR) Ratings of the of the 1000 largest companies in India – 2008, for enabling CSR as a core part of its business operations.
The Karmayog CSR Ratings are based on various parameters and are from Level 0 (lowest) to Level 5 (highest). The results of the ratings for 2008 show that just 1% or 10 of the 1000 largest Indian companies have got the highest rating of Level 4, i.e., they are actively involved in CSR initiatives, and that 49% of the companies are not engaged in any CSR activity. Karmayog’s study also provides an analysis of 35 industry sectors across the 1000 companies studied, therefore, enabling a snapshot of how individual industry sectors are performing on CSR and a comparison between the sectors.
Mr. R. R. Vederah, Managing Director, BILT, said, “We thank Karamayog CSR Ratings for honouring BILT. This acknowledgement recognises BILT’s philosophy of linking business sustainability to the sustainable development of the people and communities we work with and the environment in which we operate.”