Main Menu
About Us	Notice	Our Actions	E-gen Events

Our Actions


Thematic Article: Social Contribution Activities of Corporations by Govinda Katuwal \| 19-08-2022 14:15
An overview of CSR toward the environment in Nepal The broader concept that any corporate organization is also a part/member of society is the whole idea behind our discussion on this topic. And this should be accepted and implemented without any hesitance. It is majorly known as CSR (Corporate Social Responsibility). In Nepal, the culture of CSR mainly seems to be concentrated on the issues like social development, helping out the marginalized community, and related. Though there are a few instances where companies have emphasized environmental aspects which will be highlighted in this article. Figure1: CSR Representation CSR efforts are now required for industrial firms of a specific size and type under the IEA (Industrial Enterprise Act) of 2020, and for the Nepalese banking sector under NRB (Nepal Rastra Bank) regulations. These policies had made mandated spending a minimum of 1% of net profit in CSR. [1] There is also a provision from IEA that if the set target is not met then the corporation will be penalized for 0.75% of the annual revenue. [2] Also, section 9 of the same Act prescribes that any industry which is supposed to be significantly dangerous to health and the environment needs prior permission before establishing. [3] Figure 2: Focus of the social responsibility Examples of some corporations in Nepal acting responsibly toward the environment through their CSR.[4] Telecommunications Nepal Telecom For the past five years, there has been an effort to preserve the vegetation along the Maitighar-Tinkune route in Kathmandu. Another prominent NT social project concentrating on environmental protection is the Bagmati River Clean-Up campaign. Ncell To help with reforestation and environmental preservation, Ncell planted 50,000 trees on 33 hectares of bare land in the Dhanushadham Protected Forest (DPF) and launched a community awareness campaign. Industries Surya Nepal Initiated the ‘Green Birgunj’ campaign. The SNPL Prakriti (Nature) scheme: focuses on preserving the environment with the stated mission of “Creating Enduring Value Through Environment Preservation”. Bottlers Nepal Collaboration with notable environmental organizations like Himalayan Climate Initiative, UN-Habitat, Ganesha Ecosphere, and others in recycling PET bottles in Nepal. Banking Mega Bank Tree plantation in Lalitpur with Rotary Club of Jawalakhel Manjushree to maintain the greenery of the area. Promoting cleanliness and distributing dustbins to Rajarshi Janak University at Janakpur. Standard Chartered Bank Nepal As part of its sustainability program "Futuremakers by Standard Chartered," contributed Rs 3.72 million to Maiti Nepal. Social contributions from the corporate sector should be a must thing to do whether it is envisaged in policies or not. As these sectors gain everything from the society they live in, giving in return should be an integrated approach from such corporations. But, the trend in Nepal in environmental CSR was mainly cleaning activities or plantation, this must be widen as soon as possible in the diverse field like clean energy, combating climate change, and R&D of new solutions to environmental problems. References [1] CSR Rules in Nepal [2] Dhristi Maharjan, Corporate Social Responsibility (CSR): Scenario & Implications in Nepal [3] Krishna Kumar Shah, CORPORATE SOCIAL RESPONSIBILITY IN NEPAL [4] CSR Initiatives of Some Companies in Nepal [5] https://megabanknepal.com/csr-activity-2076-77

List