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ITC Limited spends Rs. 291 Cr on Corporate Social Responsibility (CSR) programs

The footprint of the Company's Social Investments Programme (SIP) projects is spread over 25 states covering 188 districts.

Rusen Kumar by Rusen Kumar
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NEW DELHI: YC Deveshwar led ITC Limited, a multi-business conglomerate, has released the 15th Sustainability Report for the year 2018. According to the report, company has spent Rs 291 Crore in various corporate social responsibility (CSR) programs in India for the period of April 1, 2017 to March 31, 2018.

“The expenditure incured under section 135 of The Companies Act, 2013 on CSR actitivities is Rs. 2.91 Billion (2017- Rs 2.76 Billion)”, report revealed.

As per the report, the footprint of the Company’s Social Investments Programme (SIP) projects is spread over 25 states covering 188 districts.

All these programmes fall within the purview of Schedule VII of the provisions of Section 135 – Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014.

India CSR

Area of Work

Health & Sanitation, Drinking Water, Eradication of Poverty, Education, Vocational Training, Livestock Development, Livelihood Generation, Women Empowerment, Environment Sustainability, Soil & Moisture Conservation, Social Forestry, Protection of national heritage, art and culture and Agri Development.

CSR and Sustainability Committee

The CSR and Sustainability Committee presently comprises the Chairman of the Company and five other Non-Executive Directors, two of whom are Independent Directors. The Chairman of the Company is the Chairman of the Committee. The Company Secretary is the Secretary to the Committee.

Role of CSR Committee

The CSR and Sustainability Committee, inter alia, reviews, monitors and provides strategic direction to the Company’s CSR and sustainability practices towards fulfilling its Triple Bottom Line objectives.

Annual CSR Plan

The Committee seeks to guide the Company in integrating its social and environmental objectives with its business strategies and assists in crafting unique models to support creation of sustainable livelihoods. The Committee formulates & monitors the CSR Policy and recommends to the Board the annual CSR Plan of the Company in terms of statute. The Committee also reviews the Business Responsibility Report of the Company.

ITC’s overarching aspiration to create significant and sustainable societal value is manifest in its CSR initiatives that embrace the most disadvantaged sections of society, especially in rural India, through economic empowerment based on grassroots capacity building.

“Towards this end, the Company has adopted a comprehensive CSR policy outlining programmes, and plans to undertake projects and activities to create a significant positive impact on identified stakeholders.”, said report.

Terms & Conditions: India CSR Network does not permit other Websites/Agency to copy or reproduce or reprint the above article/feature in any form or means.

IndiaCSR Whatsapp Channel
Tags: art and culture and Agri Development.Business Responsibility ReportBusiness Responsibility Report of ITCCorporate Social ResponsibilityCorporate Social Responsibility at ITCCorporate Social Responsibility in IndiaCSR and Sustainability CommitteeCSR of ITCCSR of YC DeveshwarCSR Policy of ITCDrinking WaterEducationEnvironment SustainabilityEradication of PovertyHealth & SanitationLivelihood GenerationLivestock DevelopmentProtection of national heritageRole of CSR CommitteeSocial ForestrySoil & Moisture ConservationVocational TrainingWomen EmpowermentYC Deveshwar

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Rusen Kumar

Rusen Kumar

Rusen Kumar is the founder and managing editor of India CSR – The CSR chronicle of India. He writes on CSR, Sustainability and Environmental affairs. He brings an understanding of governance, leadership development, social development, human development, and strategic focus by serving for-profit and not-for-profit boards and as an advisor to chief executive officers and executive management members. His leadership accomplishments in social enterprise, planning, and governance range from viable achievements in knowledge forum initiatives to advancement of corporate social responsibility issues in India.

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