Explore Business Standard
Companies
The government on Tuesday stressed on the need for a corporate social responsibility framework for companies operating in the coal sector to serve as a guide to promote responsible and sustainable practices. The move also aims at reducing environmental impact and enhancing stakeholder engagement among private as well as public sector coal companies. "Given the growing presence of private players in the sector, a need has been felt for a sector-specific CSR framework for coal companies," the coal ministry said in a statement. The corporate social responsibility (CSR) policies of coal PSUs have been formulated within the policy directives provided under the Companies Act, 2013, the Companies (CSR Policy) Rules, 2014 and guidelines of Department of Public Enterprises (DPE). Over the years, coal PSUs have taken remarkable initiatives in the areas of health, education, environment, sanitation, sports, etc. The coal ministry organised a stakeholders' consultation to deliberate upon CSR
Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday. "Over the last decade, the cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, small hydro, among others," MD and CEO Rajiv Sabharwal said. "The cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting. The portfolio is among the cleanest in the NBFC space, positioning the company as a key mobilizer of global climate capital," he said. The Tata Group NBFC said it is building for the long term with a vision anchored on trust, ...
Himachal Pradesh government will ensure multinational companies set up in the state do not spend their CSR funds outside, Industries minister Harshwardhan Chauhan said in the Assembly on Friday. Raising the issue during the question hour, Sanjay Awasthi (Congress) named two large companies that are located in his Arki constituency and said the people there have been affected because of their projects, but funds under the corporate social responsibility (CSR) are not being used by them for the welfare of the locals. Responding to the remarks, Industries minister Harshwardhan Chauhan admitted that multinational companies were spending CSR funds in other states and not in Himachal. He assured that the government will enquire about the complaints regarding violations of environmental safeguards. Congress MLA from Doon Ram Kumar stressed that CSR funds should be used at the places where such companies are located and BJP MLA from Bilaspur Trilok Jamwal also complained that the company i