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Exploring the Impact of Corporate Social Responsibility on Poverty Reduction

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Responsible Business in a Changing World

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

Abstract

The current article is pilot study before conducting a large-scale PhD research on exploring the impact of the CSR initiatives of Tata Steel on poverty reduction and development of income generating opportunities for local communities in the Joda block of Odisha in India. Tata Steel has mining operations based in Joda which is rich in mineral resources. Survey method has been used for data collection and the data has been analysed using the statistical package for social sciences (SPSS). The findings reveal that the CSR initiatives by the Tata Steel Group has a positive impact on facilitating development opportunities for local communities in the Joda block and the model of CSR as adopted by the company has the potential to act as a tool for achieving development goals and poverty reduction.

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Notes

  1. 1.

    http://www.tatasteelindia.com/corporate/company-profile.asp

  2. 2.

    http://www.tatasteelindia.com/corporate-citizen/the-tata-steel-approach.asp

  3. 3.

    http://www.census2011.co.in/data/village/385319-lahanda-orissa.html

  4. 4.

    http://jamshedpur.nic.in/tsrdc.htm

  5. 5.

    UNCTAD World Investment Report, 2011: Non-Equity Modes of International Production and Development.

  6. 6.

    UNCTAD World Investment Report (2014: Investing in the SDGs: An Action Plan).

  7. 7.

    www.un.org/millenniumgoals/11_MDG%20Report_EN.pdf

  8. 8.

    http://www.worldbank.org/en/topic/poverty/overview

  9. 9.

    India Chronic Poverty Report (2014).

  10. 10.

    http://www.thehindu.com/business/Industry/government-clarifies-on-csr-spending/article5320157.ece

  11. 11.

    http://hdr.undp.org/en/composite/HDI

  12. 12.

    http://www.un.org/millenniumgoals/

  13. 13.

    http://www.kluniversity.in/arp%5Cuploads%5C2095.pdf

  14. 14.

    http://www.kluniversity.in/arp%5Cuploads%5C2095.pdf

  15. 15.

    http://www.census2011.co.in/data/village/385319-lahanda-orissa.html

  16. 16.

    http://www.tatasteelindia.com/famd/global-dominance.asp

  17. 17.

    http://www.census2011.co.in/data/village/385319-lahanda-orissa.html

  18. 18.

    http://www.tatasteelindia.com/corporate-citizen/health/hospitals-and-health-facilities.asp

  19. 19.

    http://www.tatasteelindia.com/sustainability/2014/society08.asp

  20. 20.

    http://www.tatasteel.com/corporate/pdf/CSR-Policy.pdf

  21. 21.

    http://www.tatasteelindia.com/sustainability/2014/society05.asp

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Correspondence to Anand Choudhary .

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Choudhary, A., Singh, V. (2020). Exploring the Impact of Corporate Social Responsibility on Poverty Reduction. In: Díaz Díaz, B., Capaldi, N., Idowu, S.O., Schmidpeter, R. (eds) Responsible Business in a Changing World. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-36970-5_18

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