Central public enterprises have been performing commendably well. Many of them have set benchmarks in various fields. They need appreciation and recognition for their efforts so that they are encouraged and motivated to grow further, perform better and achieve excellence.
SCOPE instituted SCOPE Meritorious Awards for the first time in 2004-05 with the objective to recognize significant achievement of member enterprises in various fields leading to business excellence and competitive advantage; to encourage and motivate them to achieve higher goals of excellence; and, to reward those enterprises which have demonstrated extraordinary skills and have made a mark in chosen fields which have been primarily responsible for growth of the enterprise.
SCOPE Meritorious Awards are given in the fields of Environmental Excellence & Sustainable Development; Corporate Governance; Corporate Social Responsibility & Responsiveness; R&D, Technology Development & Innovation; Best Practices in Human Resource Management; Best Managed Bank, Financial Institution or Insurance Company and Best Managed PSE set up under Section 25.
Justice R.C. Lahoti, former Chief Justice of India is the Chairman of the Panel of Judges. Other Members of the Panel are Dr. M.B. Athreya, renowned Management Consultant; Mr. C.Phunsog, former Chairman, PESB; Mr. Moosa Raza, Former Secretary, Steel, Government Of India, Mr. Arvind Pandey, Former Chairman, SAIL;Dr. U.D. Choubey, DG, SCOPE. M/s Deloitte Touche Tohmatsu India Pvt. Ltd., is the evaluating agency which assists the Panel of Judges in deciding the awards.