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The prestigious TERI (The Energy and Resource Institute) Corporate Awards offer a platform for Indian corporate houses to showcase how development concerns can be met with social commitment

For their outstanding achievement in environmental management and social responsibility practices, 13 companies from among 178 applicants won this year's esteemed TERI awards in the categories of Environmental Excellence and Corporate Social Responsibility. The awards were announced in Delhi on May 37, 2005.

TERI instituted the Corporate Environmental Awards in 2000-01 to recognise corporate leadership in environmental management. The Corporate Social Responsibility Awards were established in 2001-02 in recognition of good corporate citizenship. TERI's Corporate Awards are known for the recognition they accord to innovative initiatives promoting sustainable development.

The six companies that won the TERI environment awards this year were Tata International Ltd, Shree Cements Ltd, Sanghi Spinners India, Kanoria Chemicals and Industries Ltd, Akzo Nobel Limited and Mecpro Heavy Engineering Ltd.

OIL India Limited, ITC Ltd, Ballarpur Industries Ltd, ONGC Limited, TATA Tinplate Company of India, Bhoruka Power Corporation Ltd, The ORCHID, an Escotel hotel are the seven companies that received awards for corporate social responsibility.

The awards are divided into three categories based on the company's turnover: category I includes companies with a turnover of less than or equal to Rs 100 crore per annum. Category II includes companies with a turnover of between Rs 100 crore and Rs 500 crore per annum. Category III includes companies with a turnover of Rs 500 crore or more per annum.

Among those nominated, Tata International and Shree Cements won the Corporate Environmental Award in category III for their projects on hazardous waste recycling and a project to replace conventional fuel with petcoke.

"Efforts are being made by specific units in every industry ranging from cement to chemicals, fertilisers to steel plants and hydrocarbon production and refining. In most cases the achievements of a company or unit can be ascribed to the initiatives taken by top management in these entities," said TERI's director-general R K Pachauri.

The awards were chosen this year by a jury chaired by Justice J S Verma, former chairperson, National Human Rights Commission and former Chief Justice of India and several other eminent personalities.

For more information read:
Indian corporates felicitated for environmental excellence and CSR by Mr Kamal Nath

TERI announces corporate environmental awards

Source: TerraGreen, June 15, 2005
The Financial Express, June 5, 2005, May 27, 2005