Ballarpur Industries Limited (Bilt) – Case Study
Ballarpur Industries Limited (BILT) – Case study
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BILT- Organization of hope
BILT is a leading paper company in India and a part of Avantha Group, a global corporation with revenues in excess of US $ 4bn. In 2012, BILT completed 10 years (2002 – 2012) of its structured set of activities, projects and programmes as part of its formal Corporate Social Responsibility (CSR) initiative. Bilt published its first Sustainability Report with specific focus on the Bhigwan manufacturing unit, in the year 2004-05 on nonfinancial performance. Report disclosed that a total of Rs. 52.15 lakhs were invested in the non-core business expenses where infrastructure and education were given top priority and accounted for 87 per cent of the total investment.
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Background on CSR activities
BILT is an organisation with a broad social vision. As a good corporate citizen, it encompasses two elements: transparency and balancing the needs of stakeholders into its agenda. BILT is committed to developing its business towards ecological, social and economic sustainability. All of these are recognized as shared responsibilities within the group, enabling the continuous improvement in its operations. BILT believes that CSR is the commitment that it makes to its stakeholders to conduct its business in a manner that creates an overall positive impact on the economy, society and environment in which it operates. The company has initiated a multi-pronged approach to CSR within the organisation. At BILT, Corporate Social Responsibility is an integral part of the business processes of the company.
Policy
BILT’s CSR policy outlines its commitment to its stakeholders. Their CSR policy enumerates its commitments to its key stakeholders and carries out CSR programs in three ways - * Rural & Urban Community Development * Employee Volunteer Programme * Workplace Health and
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BILT- Organization of hope
BILT is a leading paper company in India and a part of Avantha Group, a global corporation with revenues in excess of US $ 4bn. In 2012, BILT completed 10 years (2002 – 2012) of its structured set of activities, projects and programmes as part of its formal Corporate Social Responsibility (CSR) initiative. Bilt published its first Sustainability Report with specific focus on the Bhigwan manufacturing unit, in the year 2004-05 on nonfinancial performance. Report disclosed that a total of Rs. 52.15 lakhs were invested in the non-core business expenses where infrastructure and education were given top priority and accounted for 87 per cent of the total investment.
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Background on CSR activities
BILT is an organisation with a broad social vision. As a good corporate citizen, it encompasses two elements: transparency and balancing the needs of stakeholders into its agenda. BILT is committed to developing its business towards ecological, social and economic sustainability. All of these are recognized as shared responsibilities within the group, enabling the continuous improvement in its operations. BILT believes that CSR is the commitment that it makes to its stakeholders to conduct its business in a manner that creates an overall positive impact on the economy, society and environment in which it operates. The company has initiated a multi-pronged approach to CSR within the organisation. At BILT, Corporate Social Responsibility is an integral part of the business processes of the company.
Policy
BILT’s CSR policy outlines its commitment to its stakeholders. Their CSR policy enumerates its commitments to its key stakeholders and carries out CSR programs in three ways - * Rural & Urban Community Development * Employee Volunteer Programme * Workplace Health and