Sterlite

In: Business and Management

Submitted By brijendra
Words 1524
Pages 7
Question
Sterlite Industries. Using information available in the public domain, and criteria developed by you based on our class discussion, assess whether this company is a responsible corporate citizen. In making this assessment, please consider the company from the perspective of all important stakeholders.

Objective
To assess whether Sterlite Industries India Ltd. is a responsible corporate citizen.

Criteria
Who is a responsible corporate citizen? 1. Social and Environment innovation 2. Social Benefits 3. Creating new markets to boost employee morale 4. Voluntary 5. Civil regulation 6. Behave Ethically 7. Response to the changing societal priorities and expectations 8. Willingness to act ahaead of regulatory confrontation 9. Balancing shareholders interest against the interest of the wider community 10. Being a good citizen in community 11. CSR as Indirect form of regulation
About the company
Sterlite Industries India Ltd. is a principal subsidiary of Vedanta Resources plc, a diversified and integrated metals and mining group headquartered in London. Sterlite is India's largest non-ferrous metals and mining company and is one of the fastest growing private sector companies based in Mumbai. It was the first Indian Metals & Mining Company to list on the New York Stock Exchange in June 2007. Company’s principle business includes production of Copper, Aluminium, Lead, Zinc etc. Company also engages in mining of Bauxite, zinc ore and in the manufacture of zinc ingots and lead ingots. In addition, Sterlite Industries produces various chemical products, such as sulphuric acids, phosphoric acids, phospho gypsum, hydro fluo silicic acids, and granulated slag. Moreover, the company involves in trading gold, as well as in paper business. During the past 10 years, the Company witnessed an increase in turnover from…...

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