ABB India Ltd CSR Spending Report of Rs 26.23 Cr for FY 2024

NEW DELHI (India CSR): ABB India Limited, a leading technology-driven industrial giant, has once again demonstrated its deep-rooted commitment to community welfare by spending Rs 26.23 crore on Corporate Social Responsibility (CSR) activities during the financial year ending December 31, 2024. Exceeding the mandated CSR expenditure of Rs 21.96 crore under Section 135 of the Companies Act, ABB India has not only met but surpassed its responsibility to society by strategically investing in sustainable development projects.

This year’s CSR performance stands as a testimony to the company’s vision of “Writing the Future Together” and reflects its values of Curiosity, Courage, and Care.

Table: ABB India CSR Spending Report 2024

CSR Spending Overview: Surpassing the Mandate

Total CSR Spend

• Required CSR Spend (FY 2024): Rs 21.96 crore
• Actual CSR Spend: Rs 26.23 crore
  • Of which, Rs 12.56 lakh was spent on administrative overheads
• Excess CSR Spend: Rs 4.26 crore (Available for set-off in future years)

ABB India not only met the statutory requirement but also maintained transparency through timely reporting, including detailed impact assessments and capital asset disclosures.

Key Focus Areas of CSR Initiatives

1. Education: Curiosity in Action

One of the central themes of ABB’s CSR policy is to empower youth and children through access to quality education and skill development.

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• Women Engineering Scholarship Program: 200 meritorious women were awarded long-term scholarships in collaboration with the Lila Poonawalla Foundation.
• Government ITI Refurbishment, Peenya: Rs 38.25 lakh spent on upgrading technical education facilities.
• Teachers Enablement & Classroom Digitization: 89 government schools in Bengaluru were modernized to improve teaching standards.

2. Healthcare and Social Inclusion

The company expanded its healthcare support by collaborating with established NGOs and foundations.

• Mobile Healthcare Units: Operated in partnership with Helpage India, benefiting over 2.8 lakh individuals.
• Support to Pediatric Cardiac Centre (Child Heart Foundation) and Sri Shankara Cancer Foundation for life-saving treatment infrastructure.
• Sanitation and Hygiene Programs in Peenya Industrial Area saw large-scale transformation through cleanliness drives and safety enhancements.

3. Environmental Sustainability & Community Development

ABB India’s projects embraced sustainability at scale by promoting green practices, environmental conservation, and infrastructure development.

• Material Recovery Facility (Kasol, Himachal Pradesh): Waste management facility established with Healing Himalayas Foundation.
• Green School Campus Program: Partnered with the Nehru Foundation to implement rainwater harvesting and environmental education in schools.
• Watershed Management in Nashik: Construction of check dams improved water availability for local agriculture.

Infrastructure Development: Building Assets for the Future

In FY 2024-25, ABB India invested Rs 9.18 crore in capital asset creation, directly impacting community access to better infrastructure.

These infrastructure projects aim to provide long-lasting utility and directly benefit lakhs of residents.

Governance and Oversight: Strong Committee Leadership

The CSR Committee at ABB India comprises industry veterans and independent directors. Four meetings were held in 2024, ensuring robust monitoring and alignment with the CSR Policy.

Committee Members:

• Monica Widhani (Chairperson, Independent Director)
• Sanjeev Sharma (Managing Director)
• Gopika Pant (Independent Director)
• Carolina Granat (Non-Executive Director)

Their active participation ensured all projects were aligned with ABB’s values and impact goals.

Impact Assessment: Verified and Validated

ABB India conducted third-party impact assessments for several major initiatives. These assessments confirmed that the interventions continue to positively influence the communities:

CSR Engagement with Marginalized Groups

ABB India’s CSR activities are designed to be inclusive, with a focus on:

• Differently-abled individuals
• Women and girls from disadvantaged backgrounds
• Children and elderly in underserved areas

Over 80% of CSR beneficiaries belonged to vulnerable or marginalized communities, underscoring ABB’s focus on equitable development.

No Shortfall, Only Surplus

• No unspent CSR amount for FY 2024.
• No shortfalls in preceding years.
• Excess spending of Rs 4.26 crore to be adjusted in future obligations.

This proactive and compliant approach showcases ABB India’s leadership in CSR execution and financial responsibility.

Transparency Through Digital Access

All CSR-related disclosures including policy, committee composition, and project approvals are publicly accessible on ABB India’s official CSR page.

You learn: A Model for Responsible Business

ABB India Limited has elevated its CSR strategy from compliance to contribution. By investing in long-term assets, supporting marginalized groups, and prioritizing environmental sustainability, the company is shaping a better future for all stakeholders.

Its exemplary CSR spending of Rs 26.23 crore in 2024-25 proves that “business for good” is not just a tagline, but a practice embedded in the company’s core.

FAQs: ABB India Limited CSR Spending 2024

Q1. How much did ABB India spend on CSR in FY 2024?

A: ABB India spent Rs 26.23 crore, exceeding its mandatory CSR obligation of Rs 21.96 crore.

Q2. What are the main focus areas of ABB India’s CSR activities?

A: Education, Diversity & Inclusion, and Community & Environmental Development.

Q3. Did ABB India create any infrastructure or assets through CSR?

A: Yes, capital assets like roads, schools, hospitals, and labs were developed in multiple states.

Q4. Who are the key beneficiaries of ABB India’s CSR projects?

A: Marginalized groups including women, children, differently-abled persons, and rural communities.

(India CSR)