Oil and Natural Gas CorporationOil and Natural Gas Corporation Limited(ONGC) is an Indianmultinationaloilandgas company headquartered inDehradun, India. It is aPublic Sector Undertaking(PSU) of the Government of India, under the administrative control of theMinistry of Petroleum and Natural Gas(MoP&NG). It is India's largestoil and gas explorationand production company. It produces around 69% of India'scrude oil(equivalent to around 30% of the country's total demand) and around 62% of itsnatural gas. On 31 March 2013, itsmarket capitalizationwasINR2.6trillion(US$ 48.98billion), making it India's second largest publicly traded company.In a government survey for FY 2011-12, it was ranked as the largest profit making PSU in India. ONGC has been ranked 357th in theFortune Global 500list of the world's biggest corporations for the year 2012. It is ranked 22nd among the Top 250 Global Energy Companies byPlatts.ONGC was founded on 14 August 1956 by Government of India, which currently holds a 69.23% equity stake. It is involved in exploring for and exploiting hydrocarbons in 26sedimentary basinsof India, and owns and operates over 11,000kilometersof pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 15 countries. ONGC has discovered 6 of the 7 commercially-producing Indian Basins, in the last 50 years, adding over 7.1 billiontonnesof In-place Oil & Gas volume of hydrocarbons in Indian basins. Against a global decline of production from matured fields, ONGC has maintained production from its brownfields like Mumbai High, with the help of aggressive investments in various IOR (Improved Oil Recovery) and EOR (Enhanced Oil Recovery) schemes. ONGC has many matured fields with a current recovery factor of 25-33%. Its Reserve Replacement Ratio for between 2005 and 2013 has been more than one. During FY 2012-13, ONGC had to share the highest ever under-recovery of INR 494.2 million (an increase of INR 49.6 billion over the previous financial year) towards the under-recoveries of Oil Marketing Companies (IOC,BPCLandHPCL).1.11 Vision To be a world class Oil and Gas Company integrated in energy business with dominant Indian leadership and Global Presence.1.12 Mission World Class Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people. Imbibe high standards of business ethics and organizational values. Abiding commitment to Health, Safety and Environment to enrich quality of community life.1.13 OperationsONGC's operations include conventional exploration and production, refining and progressive development of alternate energy sources like coal-bed methane and shale gas. The company's domestic operations are structured around 11 assets (predominantly oil and gas producing properties), 7 basins (exploratory properties), 2 plants (at Hazira and Uran) and services (for necessary inputs and support such as drilling, geo-physical, logging and well services).1.14 Products and ServicesONGC supplies crude oil, natural gas, and value-added products to major Indian oil and gas refining and marketing companies. Product-wise revenue breakup for FY 2012-13 (billion)ProductRevenue

Crude Oil562.38

Gas168.88

LPG31.48

Naptha76.80

C2-C313.44

SKO3.69

Others1.59

Adjustments- 32.74

Total825.52

2.1 Ethics of ONGC We commit to realize the corporate vision of making ONGC a WorldClass Oil and Gas Company integrated in Energy business with dominant Indian leadership and Global presence. We treasure integrity and transparency as the core value in all our business dealings. With our Core Competence - Courage to Explore, Knowledge to Exceed and Technology to Excel, we shall work towards sustained growth of our Organization. We are responsible for the assets and the business of the Company in fair, diligent and ethical manner. We must act within the bounds of the authority conferred upon us, and make and enact informed decisions and policies in the best interests of the Company. We shall act in compliance with applicable laws and regulations, in a manner that excludes considerations of personal advantage, and will not compromise our commitment to honesty and integrity in all aspects of our business. We are committed to the pursuit of excellence, in all our endeavours.2.2 Values of ONGC(a) SENSE OF BELONGING(i) There should be a sense of commitment loyalty and sense of ownership of the job and company properties.(ii) There should be improvements in personal work area as a self-starter.(iii) There should be quality individual work and value addition.(iv) There should be a sense of pride in company.

(b) INTEGRITY(i) Personal / Professional integrity is strictly abiding by rules and regulations.(ii) Processing / deciding cases in an unbiased / dispassionate way.(iii) Sense of ethics in behavior and interpersonal and professional interaction.(c) TEAM-SPIRIT

(i) Employees should be working in groups, with trust and openness.(ii) There should be proper cooperation, communication between employers and employees, employer and employer, employer and employee.(iii) Employees should share knowledge and information there should be collective learning between them.(iv) There should be target consciousness, cost and quality consciousness between employees and employer.(d) DISCIPLINE:(i) There should be punctuality, work ethics, dress code and self discipline.(ii) Enforcing discipline in a fair and firm manner.(e) SOCIAL RESPONSIBILITY:(i) Caring of society and environment, projecting a lofty image of ONGC to society.(f) STOP CORRUPTION:

(i) By not acceptation / giving bribes in cash / kind.(ii) By not harassing anybody.(iii) By taking decisions upon objective reality.

2.3 Values and Ethics of ONGC help the organization in following ways in business operations:-(i) Ethical standards help in effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders including customers, employees and society at large.(ii) It helps in internal control to mitigate the risks to achievement of business objectives both short term and long term.(iii) It helps in Compliance of laws, rules & regulations in true letter and spirit.(iv) It also helps in Independent verification of the Company's financial reporting.(v) It provides Strategic supervision by the Board of Directors of appropriate composition, size, varied experience and commitment to discharge their responsibilities.(vi) It helps in timely and balanced disclosure of all material information to all the stakeholders.(vii) It provides clearly defined standards against which performance of responsibilities can be measured.(viii) It helps in clear delineation of shareholders' rights.(ix) It also provides Accuracy and transparency in disclosures regarding operations, performance, risk and financial position.So, in this way we say that Values and Ethics of ONGC help in operate its business in fairly and accurate manner.

3.1 Corporate Social Responsibility in ONGC As a public sector enterprise, ONGC has a long and cherished tradition of commendable initiatives, institutionalized programmes and practices of Corporate Social Responsibility which have played a laudable role in the development of several underdeveloped regions of the country. The vision of sustainable growth drives both business decisions as well as our Corporate Social Responsibility works. Our CSR activities are essentially guided by project based approach in line with the guidelines issued by the Department of Public Enterprises and Ministry of Corporate Affairs of the Government of India. The CSR initiatives of ONGC were marked by unrelenting commitment to several large scale key projects as well as initiation of several new projects identified under the 12 focus areas of ONGC i.e.1. Education including vocational courses, 2. Health Care, 3. Entrepreneurship (self-help & livelihood generation) schemes, 4. Infrastructure support near ONGC operational areas, 5. Environment protection, ecological conservation, promotion, 6. Protection of heritage sites, UNESCO heritage monuments etc.7. Promotion of artisans, craftsman, musicians, artists etc. for preservation of heritage, Art & Culture, 8. Womens Empowerment, Girl Child Development, Gender sensitive projects, 9. Water Management including ground water recharge, 10. Initiatives for Physically and Mentally challenged, 11. Sponsorship of seminars, conferences, workshops etc. 12. Promoting Sports/sports persons; supporting agencies promoting sports / sports persons. 3.11 Major CSR projects undertaken during the year are enlisted below.1. VaristhajanaSwasthyaSewaAbhiyan: ONGC along with Help Age India continues its efforts to take healthcare to the doorsteps of the elderly through Mobile Medicare Units. In 2011-12, all the 20 MMUs were launched and almost 1.9 lakh treatments were provided across the eight States and one Union Territory.2. ONGC-GICEIT Computer Centre: Under this initiative, implementing partner Bharatiya Vidya Bhavan operates five computer centres providing employment-related computer training to underprivileged youth across different operational areas of ONGC. In 2011-12, more than 1400 students have received free employability training through these centres.3. Project Utkarsh- Livelihood Project in Sibasagar: Initiated in 2011-12, this project seeks to expand livelihood opportunities for 400 households in one year through training of women in skills like tailoring, soft toy making etc. with linkages for income generation as well as training the elderly in vocations like goatery, piggery, mushroom cultivation etc. while establishing adequate forward and backward linkages.4. Harit Moksha: This unique CSR venture with MokshdaParyavaranEvam Van SurakshaSamiti (Mokshda PEVSS) has led to the development of an energy-efficient and environment friendly wood based crematorium with a system called Mokshda Green Cremation System (MGCS) which is capable of reducing wood consumption by 60% besides minimizing air and water pollution in a significant manner. Now, there are 10 such MGCS units across the cities of Vadodara, Cambay, Ahmedabad and Delhi.5. ONGC-NSTFDC HathkarghaPrashikshan: The CSR project was aimed at economically empowering the women tribal handloom artisans in Assam to facilitate cluster development for economically marginalized tribal populations. In 2011-12, around 100 tribal handloom artisans were provided on-the-job training in the improvised looms by master craftsmen that included training in intricate designs for catering to wider markets.6. ONGC-Eastern Swamp Deer Conservation Project in Kaziranga National Park: The project aims at successfully conserving the species of the Eastern Swamp Deer. Understanding the species and the habitat, developing stringent conservation action initiatives that could prevent extinction and examining the possibility of translocation of the species to additional areas to conserve species and habitat will be important project activities. The project is in the first phase which consists of gathering information on the species.7. ONGC Hospitals: ONGC will be setting up multispecialty hospitals at Sibsagar, Assam and Ankleshwar, Gujarat and a Community Hospital at Lakhimpur-Kheri, Uttar Pradesh. 3.12 Varishthajana Swasthya Sewa Abhiyan (VSSA) is a joint initiative of HelpAge India and Oil and Natural Gas Corporation LTD. (ONGC) to implement 20 Mobile Medicare Units (MMUs) across India under the ONGC Corporate Social Responsibility. ONGC has taken a bold step to reach out to those who were the teachers, the farmers, the freedom fighters, the ordinary people of yesteryears. Today India has a population of 90 million elderly of which many have no means of support. By this support ONGC hopes to make India's excluded elderly live out their years in comfort and dignity. Varishthajana Swasthya Sewa Abhiyan (VSSA) project was officially launched on 27th April 2010 by Sh. Salman Khurshid, Honble Minister of state (Independent Charge) for Corporate and Minority Affairs in the presence of Sh. Bhaskar Chatterjee, Secretary, Department of Public Enterprises, Sh. R.S. Sharma, CMD, ONGC, Dr. A.K. Balyan, Director (HR), ONGC, Sh. A.B. Chakravorty, GGM-Chief CSR and Mr. Mathew Cherian, Chief Executive, HelpAge India. As the name suggests the project is aimed at reaching out to the elderly population in the operational area who have limited or no access to healthcare delivery facilities either due to poor services by the existing healthcare facilities or in affordability due to lack of financial resources or other physical / mobility reasons. The MMU free services for elderly includes Medical Consultation, Medicines, Basic Diagnostics test, Home care visits for bedridden elderly, Physiotherapy Care, Organize Specialty Health Camps, Palliative Care and Training and Health Education & Awareness in the community. The MMU Team comprises of a Medical Consultant, a Social Protection Officer, a Nurse, a Driver and a Physiotherapist. Today in India, we have an elderly population of more than 90 million of which many have no means of support and mainly to sustain their lives through medication and maintain healthy living. The nature of community-based interventions and the multi-dimensional approach is the basic foundation to the success of the project.In the pre implementation stage activities were meticulously planned and executed in order to understand the needs of the elderly in the project area as well as to understand the general community perceptions about the elderly in the households. The activities in the pre implementation stage included Initial visit of the target location and Identification of households with elderly population; Socio-Health-Economic Profiling of the beneficiaries and Social Mapping of the location. During this stage the team interacted with senior citizen leaders, political and religious leaders and explain them the purpose of the visit and the nature of work of Help Age India and in the process mobilized their support which helped the project team in better penetration to the community. The team also identified likeminded people and potential community volunteers who helped the team in various community level interventions. The major outcome of this phase was that the team was able to collect all vital statistics which was later used as baseline data in our Health MIS software. This exercise was extremely useful for the understanding of the project staff for making constructive decisions regarding project initiation in the village, in particular to community-based healthcare activities.The primary objective of the programme is health and well being of the elderly and promotes healthy ageing. Hence the MMU is designed to provide Primary Healthcare services for the elderly viz. Free treatment: The doctor would physically examine patients & based on the available equipments clinically diagnose patients and prescribe medicines. Wherever required, the patients would be referred to pathological laboratories for detailed investigation /secondary/tertiary health care service providers for specialist treatment /care Free medicines: The MMU stocks medicine for all common ailments including Hypertension, Diabetes, Arthritis, etc. These medicines would be issued to the patients free of cost by the Pharmacist on the basis of the Doctors prescription. The Pharmacist would also explain the dosage of medicines and their side effects, if any to the patients. Physiotherapy services: This intervention aims to prevent or manage chronic conditions and promote healthier ageing to the elderly. Physiotherapy services focus on maintaining or improving mobility, function and physical activity with an aim to maximize independence of beneficiaries through exercise and self-management principles. The services emphasize balance; flexibility; strength; posture; functional and cardiovascular ability. They also include health education and advice on relevant issues such as falls risk reduction, posture, back care, continence and home exercise programs. Basic Diagnostics: The MMU van is equipped with basic diagnostic equipments such as Stethoscope, BP Apparatus, thermometer, weighing machine etc for checking the vital signs. In addition to this there is a glucometer for blood sugar testing. This was introduced due to the high incidence of diabetes which has been identified as one of the four most prevalent Non Communicable Diseases (NCDs), so that patients suspected to be suffering from Diabetes & also those who have Diabetes are regularly examined and advised on management of the disease. Home visits by Doctor (in case of bedridden patients): The doctor and the paramedic team conducts weekly visits the houses of bedridden elders who otherwise cannot approach or be brought to the vehicle. They examine & clinically diagnoses the problems presented by the elder patient or caregivers and prescribes medicines and advices the patient and their caregivers. Counseling for patients, elders, family members and caretakers: the counselor and the doctor provide necessary advice and counseling to patients and caretakers on various ailments and home care. The project team also conducts regular counseling sessions on various aspects for healthy ageing i.e. (a) diet and nutrition; (c) weight reduction; (b) regular exercise; (d) smoking; (e) alcohol; (f) social activities. By adopting a healthier lifestyle, the risk of a whole range of diseases can be reduced. Community awareness on the rights of the elderly: Every person has the right to freedom and respect and the right to be treated fairly by others. A person's rights do not diminish when he or she becomes old, regardless of his or her physical or mental ability to exercise or fully appreciate his or her rights. A positive, supportive and caring attitude by family, friends, caretakers and the community will help people to continue as integral, respected and valued members of society. Creating awareness in the community especially among the younger generation will help to sensitize them on the various aspects of taking care of the aged and in long term will also help them in preparing for their old age. Other value added services include Referral services / facilities viz. Referral linkage with local health providers: The team promotes initiate linkages with private as well as government health care facilities so as to ensure that the required services would be available on demand. The linkage between the HelpAge beneficiaries and these identified institutions would ensure accessibility and affordability of the services. Linkage with Govt. schemes/ programmes: This initiative aims to increase awareness among the elderly poor about various social security, food security and habitat security schemes, and thus enabling them to advocate/ demand their rights. We realize that elderly people need support to avail these schemes. HelpAge would play a facilitating role in linking them with the local and district administration and also collecting the information from the government offices and disseminating this information to the concerned/ eligible beneficiaries thus improving their access to social welfare schemes.Though the treatment to people below 60 years is not being denied in case of emergencies, it is positively reinforced to the community that our intervention is restricted to the senior population. However, as a guideline, HelpAge India also ensures that at least 50% beneficiaries belong to economically weaker sections (EWS) of the society.3.13 CSR Budget

Current CSR focusEffective FY 2009-10, Board of Directors has decided to allocate 2% of the net profit of previous fiscal as our CSR budget. In 2012-13 it will be 405.43 Crore spend on CSR.3.14 ONGC secures Golden Peacock Award for Corporate Social Responsibility Oil Maharatna ONGC received Golden Peacock Award for Corporate Social Responsibility for 2013. ONGC's structured approach in delivering tailored CSR projects for communities around its operational areas got it the coveted award. Golden Peacock Awards, founded by the Institute of Directors, have emerged as one of the prestigious corporate recognitions in various fields. The award was given in Bangalore, in the presence of prominent leaders from various sectors during the '8th International Conference on Corporate Social responsibility-2014', on 17th January 2014. H.E. Kerala Governor Mr. Nikhil Kumar hands over the Golden Peacock Awardfor Corporate Social Responsibility to ONGC Head CSR Ms. Vaneeta Kumar (extreme right) Golden Peacock Awards are now regarded as Holy Grail of Corporate Excellence Worldwide. The award to ONGC was decided by a distinguished Jury under the Chairmanship of Justice P.N. Bhagwati, former Chief Justice of India.3.15 CSR Excellence Award for ONGC - Best CSR Practices in Areas of HealthAt a scintillating function held at Mumbai, ONGC was decorated for the Global CSR Excellence and Leadership Awards on February 17, 2014. ONGC was the solitary winner in the category of Best CSR Practices in the Areas of Health. The award was presented by Mr Bhaskar Chaterjee, eminent former bureaucrat who has pioneered the CSR policy guidelines and Ms Tarita Shanker, an eminent corporate personality. The award was received by Mr K S Jamestin, Director (HR), who is also the functional director for CSR along with the CSR Team of ONGC. Speaking on the occasion Mr. Jamestin, who also is the chairman of the World HRD Congress, said that there are huge amounts of funds that ONGC plans to expend on the CSR front and said that this indeed was a big responsibility in itself. He informed the gathering that ONGC has a budget of nearly Rs 500 crores for CSR and it plans to carry out CSR in ten focus areas. We have drawn our profits from the people of the nation and we want to give back some meaningful part of it to the society, with passion and love said Mr Jamestin. Also present at the podium were Ms. Vanita Kumar, GGM- Head CSR, Mr. Pallab Bhattacharya, GM I/c CC & CSR, Mumbai, Dr. J Das, GM I/c Medical Services Mumbai and Mr. D K Singh DGM (MM) CSR. Speaking on the occasion, Ms. Kumar said that ONGC has been committed to the cause of CSR even before it has been made mandatory and added that the award will be a great motivator in carrying the mantle forward. She echoed the sentiment of the organization in ensuring an inclusive development of the society.