HUL spends Rs. 165 Cr on Corporate Social Responsibility (CSR) in FY 2020-21

NEW DELHI (India CSR): Hindustan Unilever (HUL) has spent Rs 165 Cr on its CSR activities in the year 2021 with a major focus on COVID relief projects and long-term Women Empowerment projects. The company’s CSR spent also increased by close to 15% as compared to its CSR expenditure last year.

Hindustan Unilever Limited (HUL), has spent Rs. 165.20 Crore as against its prescribed Corporate Social Responsibility (CSR) expenditure of 2 of Average Net Profit of the Company for last 3 financial years of Rs. 8087 Crore during FY 2020-21 towards various schemes of Corporate Social Responsibility (CSR) and Sustainable Development programmes as prescribed under Section 135 of the Act., its Annual Report revealed.

HUL had spent Rs 142 crore in 2019-20 in various CSR initiatives. However, the company which recorded 18% growth in its net profit in 2020-21, spent a little extra on its CSR activities.

During the year, the Company has spent an amount of 1,488 lakhs on Glow & Lovely Foundation and 60 lakhs on Rin Shine Academy. However, these spends have not been considered for the purpose of computing prescribed CSR spend of two percent of the Average Profits.

The company has spent Rs. 126.45 crore as against its prescribed CSR expenditure of Rs 124.19 crore (2.4% of Average Net Profit of the Company for last 3 financial years of Rs. 6209.71 Crore) during FY 2018-19.

CSR and business activities are aligned towards contributing United Nation’s Sustainable Development Goals through its initiatives.

Also Read: CSR of HUL: Empowering communities through Prabhat

The company run social project on eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation, including contribution to the Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.

Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently-abled and livelihood enhancement projects and promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.

Corporate Social Responsibility Committee

The Corporate Social Responsibility (CSR) Committee comprises O. P. Bhatt as the Chairman and Dr. Sanjiv Misra, Kalpana Morparia, Sanjiv Mehta and Srinivas Phatak as the members of the Committee.

Also Read: CSR: Hindustan Unilever spends Rs. 157 Cr on SDGs projects in FY 2022

Average net profit of the Company as per Section 135(5): Rs. 8,087 Cr

a. Two percent of average net profit of the Company as per Section 135(5): Rs. 161.70 Crores
b. Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Nil
c. Amount required to be set off for the financial year, if any: Nil
d. Total CSR obligation for the financial year (7a+7b-7c): Rs 161.70 Crores

Project Prabhat Implementing Agencies

• Labour Net Services India Private Limited
• Mann Deshi Foundation Applied, Awaited
• Yusuf Meherally Centre (YMC)
• Anudip Foundation
• Institute of Livelihood Research and Training
• Mooo Farm Pvt. Ltd. (Avteg Pvt. Ltd)
• Foundation for Rural Entrepreneurship Development
• SWAYAMBHU Innovative Solutions Pvt Ltd (Sugam Jagriti)

Project Promoting Nutrition & Hygiene Implementing Agencies

• SAKSHI
• School Health Annual Report Program
• Jan Kalyan Welfare Society
• Akshya Patra

Hindustan Unilever Foundation (HUF) Partner Agencies

Corporate Social Responsibility Committee

The Corporate Social Responsibility (CSR) Committee comprises O. P. Bhatt as the Chairman and Dr. Sanjiv Misra, Kalpana Morparia, Sanjiv Mehta and Srinivas Phatak as the members of the Committee.

Average net profit of the Company as per Section 135(5): Rs. 8,087 Cr

a. Two percent of average net profit of the Company as per Section 135(5): Rs. 161.70 Crores
b. Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Nil
c. Amount required to be set off for the financial year, if any: Nil
d. Total CSR obligation for the financial year (7a+7b-7c): Rs 161.70 Crores

Project Prabhat Implementing Agencies

• Labour Net Services India Private Limited
• Mann Deshi Foundation Applied, Awaited
• Yusuf Meherally Centre (YMC)
• Anudip Foundation
• Institute of Livelihood Research and Training
• Mooo Farm Pvt. Ltd. (Avteg Pvt. Ltd)
• Foundation for Rural Entrepreneurship Development
• SWAYAMBHU Innovative Solutions Pvt Ltd (Sugam Jagriti)

Project Promoting Nutrition & Hygiene Implementing Agencies

• SAKSHI
• School Health Annual Report Program
• Jan Kalyan Welfare Society
• Akshya Patra

Hindustan Unilever Foundation (HUF) Partner Agencies