Methodology for the Karmayog CSR Ratings and Study 2009
- List of 500 companies
- a) The list of the 500 largest companies in India is based on data from the Bombay Stock Exchange (bseindia.com) as on August 2009.
- Time period of study
- a) The financial accounting period for most companies is from April 2008 March 2009.
- b) If the financial accounting period of a company is different (e.g. September 2008, December 2008, June 2009, etc.), this has been mentioned accordingly in the individual CSR profile of each company.
- Sources of information for the Study
- a) Information on the 500 companies has been taken from the company’s Website and Annual Report.
- b) Wherever either or both of the above sources was unavailable or did not contain the required information, other sources have been used. (e.g. website of the Ministry of Corporate Affairs: mca.gov.in)
- c) Where available, consolidated sales and profits are listed for each company.
- d) For each company, a standard form has been filled with details of the company and its CSR activities (The form is at karmayog.org/csrdetails/)
- e) Companies could also fill and submit the CSR form on their own.
- f) A form, once filled, is sent by email to the respective company (through the official email IDs provided by the companies themselves) with a request to revert, if needed.
- Rating Criteria
- a) Companies are rated from Level 0 to 5 (Level 5 being the highest)
- b) The CSR Rating is assigned based on the CSR initiatives of the company for the time period of the study, including a comparison with previous CSR initiatives.
- c) Rating is based on Sufficient, Necessary and Negative Criteria for different levels
- d) All companies are informed of the assigned rating and requested to respond with further information or feedback, as necessary.
- e) The Karmayog CSR Rating of any company is open to change whenever new information is provided by the company or from any other source.