By Rusen Kumar
NEW DELHI / India CSR: Coal India Limited (CIL), a public sector coal mining company, has spent Rs. 553.85 crore during the year 2020-21 on corporate social responsibility (CSR) activities, impacting thousands of beneficiaries.
CIL social initiatives are focused on environmental sustainability, and activities designed to improve community health, women empowerment, drinking water facilities, sustainable livelihood, education, sanitation, skill development as well as promotion of sports and games.
CIL has an exclusive policy for Corporate Social Responsibility that is aligned with the Companies Act, 2013 in order to measure its triple bottom line i.e. People, Planet & Profit. CSR policy acts as a strategic tool and guidance for integrating business processes with the social processes for the overall development of society.
CSR Policy has been implemented from 8th April 2021.
CSR Expenditure of Coal India for previous 3 years
Year | CSR Expenditure (Rs. In Cr) |
2020 -21 | 553.85 Cr. |
2019 -2 0 | 587.84 Cr. |
2018 -19 | 416.47 Cr. |
With amended Companies (CSR) Rules, 2014 coming into effect from 22.01.2021, all CSR projects which have outlaid more than Rs. 1 cr. and have been completed at least one year back will be assessed for their impact through external agencies. This will cover almost all high investment, high-impact projects.
Subsidiaries of CIL have engaged reputed institutes for the impact assessment of their major CSR projects. Due to COVID-19 pandemic-induced restrictions, impact assessment studies could not be taken up in FY 20-21. Subsidiaries will also be conducting impact assessment studies during FY 21-22 for their projects with an outlay of more than Rs. 1 cr. and completed at least 1 year back.
CSR activities of CIL and its subsidiaries are focused on providing basic infrastructure services such as Healthcare, Education, Sanitation, Water Supply, etc. in peripheral areas. This helps in improving the development indicators of these areas/districts and provides a conducive environment for the local people to become productive members of the economy.
Expenditure on Community Infrastructure/Services
CSR Projects Type | Amount in Rs. Crore |
Nutrition, Health & Sanitation | 314.89 |
Education & Livelihood | 83.30 |
Empowerment, Welfare & Social Inclusion | 1.05 |
Environmental Sustainability | 16.94 |
Promotion of Art & Culture and Conservation of National Heritage | 1.62 |
Welfare of Armed Forces | 1.23 |
Promotion of Sports | 11.24 |
Contribution to National Relief Funds | 21.25 |
Contribution to Technology Incubators, Research Institutions | 1.71 |
Rural Development | 77.20 |
Slum Area Development | 0.20 |
Disaster Management & Relief | 23.22 |
Total | 553.8 |
A total of six completed CSR projects having a project outlay of more than Rs. 1 cr. have been identified for Impact Assessment during FY 2021-22 for which reputed independent agencies will be identified.
CSR Governance
Sustainable Development Committee including CSR Committee was constituted by the Board of Directors in its 282nd meeting held on 16-04-2012. This Committee was renamed as CSR Committee pursuant to Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility) Rules, 2014. In addition to CSR activities, this committee will also look after Sustainable Development. This committee was reconstituted in 410th Board meeting held on 2nd Sep’20 comprising of 2 Independent, 1 Govt. Nominee and 2 Functional Directors. From 6th Sep’20, the committee could not be re-constituted as there were no Independent Directors in CIL Board. During the year 2020-21, five (5) CSR committee meetings were held.
About the Author
Rusen Kumar is a well-known thought leader in Corporate Sustainability & Responsibility (CSR in India. The is the managing editor at India CSR. He can be reached at editor@indiacsr.in
(India CSR)