Trends in CSR Compliance: A Comparative Study Between NTPC Limited and NHPC limited

Tamal Basu; Sudipta Ghosh

Abstract

A self-governing business model known as corporate social responsibility (CSR) helps an organization be socially responsible to its stakeholders, the public, and itself. By practicing corporate social responsibility (CSR), a business enhances society and the environment rather than negatively impacting both. A socially accountable company is responsible to itself and its shareholders. CSR is usually a strategy employed by giant corporations. In this context, the present paper is an attempt to capture the recent trends in CSR compliance between NTPC Limited and NHPC Limited from 2018-19 to 2022-23. To carry out the study, the CSR Index (CSRI) is formulated in line with Schedule VII of the Companies Act, 2013. Furthermore, Fisher’s t test is used to examine whether there exists a significant difference in CSR compliance between the two sample companies under study. The study concluded that both the sample companies in Indian power sector have satisfactory CSR compliance and thus played a significant role in CSR activities, thereby leading to the development of the society in particular and the economy at large. Apart from certain limitations, further study can be carried out for a longer time period in order to draw a meaningful conclusion at macro level.