Corporate Social Responsibility and Climate Change: Some Insights for Mitigation in Transport Sector

Abstract

Corporate Social Responsibility (CSR) is now a widely accepted concept. It has augmented to include Environment Sustainability as one of its key component and has received attention both the governments and private players. One of the important aspects of CSR receiving attention is reduction of greenhouse gases anthropogenic origin in the atmosphere in key sectors of economy. The urban transport systems constitute an important area which is a significant driver of global warming. Transport sector contributes nearly eighteen percent of global carbon dioxide emissions. In India more than fifty percent of the total liquid fuel is consumed by India's transport system contributing nearly ten percent of the carbon dioxide emissions from energy sector. The sector is projected to grow rapidly and significantly over the next few decades due to increasing industrialisation and urbanisation. Contribution of Corporate entities in the sustainable utilisation of energy resources has potential in mitigating the carbon dioxide emissions .The paper explores and analyses CSR activities in minimising the carbon footprints of transport sector. It also discusses the possible mitigation actions in related sectors which will help addressing the threats and challenges of climate change.