Dabur spent Rs. 27.80 crore toward Corporate Social Responsibility (CSR) program during FY 2019-20. CSR interventions were implemented in 145 Villages of 14 States.
The Dabur Group also established a ‘Dabur Care Fund for COVID-19’, to protect lives and livelihood, and support those affected by the COVID-19 pandemic.
The company has further earmarked a fund of Rs. 21 Crore towards Covid-19 Relief efforts in FY 2020-21, helping meet immediate needs of those most affected by this pandemic.
The Company has in place a CSR Policy formulated by the Committee and approved by the Board of Directors.
During the Financial Year 2019-20, the Committee approved the CSR activities and monitored the progress on CSR activities undertaken by the Company on quarterly basis. Further the Committee also reviewed the CSR activities undertaken by Jivanti Welfare and Charitable Trust, promoted by Dabur.
The Company has been able to spend the mandatory 2% of average net profits of immediately preceding 3 years on various CSR activities, the details of which are given in CSR Report approved by the Committee, the company’s annual report said.
The Committee is sufficiently satisfied with the CSR compliances on the part of the Company, report said.
Amount Spent on CSR Activities (Rs in Crore) in the last three years:
FY 2017-18 – 23.74 Cr
FY 2018-19 – 26.35 Cr
FY 2019-20 – 27.80 Cr
Total: Rs. 77.89 Cr
The Company has in place a CSR policy in line with Schedule VII of the Act. As per the policy the CSR activities are focused not just around the plants and offices of the Company, but also in other geographies based on the needs of the communities. The four Corporate focus areas where special community development programmes are run are – eradicating hunger, poverty and malnutrition; promoting healthcare including preventive health care, ensuring environmental sustainability and promotion of education.
