OMC Limited is a role model for other organizations in terms of integrating social responsibility into their business operations.
NEW DELHI (India CSR): In rapidly changing world, it is crucial that organizations consider more than just financial parameters when evaluating their success. The traditional view that financial results are the sole measure of an organization success is becoming increasingly outdated. Now a days the importance of non-financial factors such as ESG (environmental, social, and governance) is becoming increasingly recognized.
OMC Limited, a Gold Category State PSU, is a prime example of a company that recognizes the importance of social responsibility in its operations. The company is committed to reducing its greenhouse gas emissions and has a strong focus on generating a positive environmental, social, and economic impact.
OMC Limited, head quartered in Bhubaneswar, is playing a key role in promoting sustainable development in the communities surrounding its operations in the state of Odisha. The company has demonstrated its commitment to creating positive social and environmental impact through its CSR and Periphery Development initiatives.
OMC Limited has spent a total of Rs. 372.78 crore on CSR and PD initiatives over the five-year period. This substantial investment showcases the company’s dedication to creating a positive impact in the communities it operates in and its commitment to sustainability.
This shows dedication of the company to improving the lives of people and preserving the environment.
| Financial Year | Amount Spent (in crores) |
|---|---|
| FY 18 | Rs. 62.11 |
| FY 19 | Rs. 72.41 |
| FY 20 | Rs. 57.93 |
| FY 21 | Rs. 80.88 |
| FY 22 | Rs. 79.35 |
| Total | Rs. 372.78 |
Total CSR spending: Rs. 372.78 crore
The CSR initiatives initiated by the company aimed at reducing carbon footprints and increasing afforestation efforts are commendable and align with the company’s commitment to sustainability.
The CSR initiatives not only benefit the communities in which it operates, but also contribute to creating a better world for future generations. This upward trend in spending is evidence of OMC’s dedication to its CSR and PD initiatives and its commitment to creating a positive impact on the environment and the communities in which it operates. The company’s focus on environmental, social, and governance issues is commendable, and its investments in initiatives such as afforestation efforts and the planting of 1 million saplings demonstrate its commitment to sustainability.
The commitment to CSR is a testament to the fact that financial success and social responsibility can go hand in hand. Businesses can have a positive impact on society while still generating economic wealth for their shareholders.
Through its CSR and Periphery Development initiatives, OMC has spent huge amount on various activities such as providing healthcare facilities, improving the quality of education, promoting sports, protecting the environment, conserving energy, providing clean water and sanitation, developing skills and livelihoods, and contributing to community development in peripheral villages.
OMC’s CSR initiatives aim to improve the lives of people living in peripheral areas and beyond. The company’s focus on reducing its carbon footprint, through initiatives such as afforestation efforts and the planting of 1 million saplings, is commendable and demonstrates a commitment to sustainability. OMC’s CSR initiatives not only benefit the communities in which it operates, but also contribute to creating a better world for future generations.
(India CSR)
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