MUMBAI: Asian Paints Limited (APL), Asia’s second largest paint company, aiming to become one of the top five decorative coatings companies world-wide, has spent Rs. 46.51 crores in corporate social responsibility (CSR) programs in the financial year 2017-18, reflecting in the Annual Report of 2017-18.
Asian Paints has spent Rs. 47.84 crores for 2016-17 in corporate social responsibility (CSR) programs in the financial year 2016-17, which was higher than the statutory requirement of 2% of the average profit for the last three financial years.
The CSR initiatives of the Company were under the thrust areas of health & hygiene, education, water management and enhancement of vocational training.
The Company’s CSR Policy statement and annual report on the CSR activities undertaken during the financial year ended 31st March, 2018, in accordance with Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014.
Asian Paints spent has Rs. 34.44 crores in corporate social responsibility (CSR) in the financial year 2015-16, which is 2.16% of its Profit After Tax (PAT).
Details of the Implementing agencies of CSR programs for the year 2017-18:
1. AIDS (Ankleshwar Industrial Development Society) 2. NIIT Foundation 3. Kaka-Ba and Kala Budh Public Charitable Trust 4. Ankleshwar Rotary Welfare Trust 5. Aga Khan Rural Support Programme (India) 6. Enable Health Society 7. Bihaang Welfare Foundation 8. Deepalaya 9. Helpage India 10. FORCE – Forum for Organised Resource Conservation and Enhancement 11. Pratham Education Foundation 12. Vanarai 13. International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) 14. Magic Bus India Foundation 15. Hand In Hand India 16. Head Held High Foundation 17. Jss Mahavidyapeetha 18. Confederation of Indian Industry (CII) 19. Sri Lakshmi Hayagriva Trust 20. K.M.Santhanam Educational Trust 21. Child Survival India 22. Akash Ganga Trust 23. Dhan (Development of Humane Action) Foundation 24. Vyakti Vikas Kendra 25. All India Women’s Conference 26. Patuck Polytechnic Trust 27. Shikshadaan Foundation 28. Swasth Foundation.
(Based on Asian Paints, Annual Report 2017-18)