Corporate Social Responsibility For Sustainable Development

Corporate social responsibility (CSR) can be a good tool for sustainable development in the mining regions of the country. Like all processes of management, CSR has evolved over a period of time and now is the buzzword in the business fraternity. Though numerous definitions can be seen for this term the central meaning, however, remains the same and goes like ‘the impact that the businesses have on the society and in turn the expectations of the society from them'. The companies nowadays seriously undertake corporate social responsibility activities as they feel their responsibility towards the society where it operates. This paper aims to have a close look at the community development initiatives of a few large-scale coal mining companies in India. With a few case studies, an attempt is being made to understand the term corporate social responsibility and its role in sustainable development. Case studies of a few coal mining companies, namely Eastern Coalfield Limited, Central Coalfield Limited and Northern Coalfield Limited have been considered here. These examples show how the businesses have realised their existence in economic, social and environmental terms and as such, they are equally showing their inclination for environment and the society besides looking for the profit