International Journal of Research in Finance and Management
2018, Vol. 1, Issue 2
A review of corporate social responsibility policies among airline companies in India and abroad
The concept of corporate social responsibility in the Indian aviation sector has gained importance especially in last decade with increasing number of players, increasing air traffic and increased frequency of flights. With the rise in passenger traffic and frequency of flights in India, it is quite obvious the aviation sector have started putting an immense strain on the environment in terms air, noise, waste, water pollution etc. In the same context, the study tries to understand the current status of CSR in the Indian Aviation sector. Through the study of annual reports and other relevant documents of different aviation companies, it tries to evaluate how different aviation companies are involved in CSR in India.
One of the major findings of the paper is that the awareness of CSR reporting among airlines has increased especially during the five years last decade however considerable scope of improvement is there when compared with international counterparts. Further, other than environmental and social dimensions more focus is required on waste management, recycling through innovation and other neglected dimensions of CSR. Further, publishing of separate environmental reports in a common format can be adopted to improve CSR reporting in India. Furthermore, the companies should also focus on impact assessment of the CSR initiatives so that CSR resources are efficiently utilized.