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Mahindra Group Invested Rs 236 Cr towards Various Social Development Programmes in FY 2015

Mahindra Group's steadfast commitment to corporate social responsibility is evident through its structured approach, adherence to guidelines, and thematic focus on societal development.

India CSR by India CSR
October 6, 2016
in Articles
Reading Time: 4 mins read
Mahindra Group Invested Rs 236 Cr towards Various Social Development Programmes in FY 2015

Rusen Kumar

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Rusen Kumar - Founder and Managing Editor of India CSR

MUMBAI: Mahindra and Mahindra invested Rs.236.41 crore towards corporate social responsibility (CSR) programmes in 2014-15, up from the Rs.121.14 crore it spent in 2013-14, the company said in its sustainability report. 15.60 lakh trees were planted under the Mahindra Hariyali Project during the FY 2015.

CSR Contribution and Structure

Mahindra has been contributing 1% of our Profit After Tax (PAT) towards Corporate Social Responsibility (CSR) in a structured manner since 2005, long before it became a mandate. CSR fund has been spent through its not for profit organizations Mahindra Education Trust and Mahindra Foundation, Mahindra Foundation-USA, Tech Mahindra Foundation and Mahindra Educational Institutions.

Organizational Commitment

“At Mahindra, organisational growth and societal development are two sides of the same coin. Hence, we approach social interventions with the same commitment, passion and professionalism as our businesses.”, it said.

Adherence to Guidelines

“Hence we were better prepared to shift to a higher gear of 2% of three year average net profit as prescribed by the guidelines laid down in the New Companies Act 2013.”, report said.

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Reporting Standards

Report is prepared according to the GRI G3.1 Guidelines. GRI Guidelines are used to help communicate sustainability performance and encourage transparency & accountability. This year too, the Report is aligned with the nine principles of Ministry of Corporate Affairs’ National Voluntary Guidelines (NVG) on social, environmental and economic responsibilities of business.

Governance and Transparency

“Sustainability at Mahindra is governed by a top-down approach enabling strategic vision and action plan to not just steer grassroots interventions, but also monitor its effectiveness and disclose it transparently.”, report said.

Structural Framework

Mahindra’s sustainability structure includes Board Committee for CSR, CSR Council, Sustainability Council and Group Sustainability Cell.

Leadership Vision

“At the Group level, we will continue to drive positive change for all our stakeholders through our recently introduced framework – Rise for Good, which binds together our corporate social responsibility, sustainability and corporate governance initiatives.”, Anand Mahindra, Chairman, Mahindra Group said in the report.

Thematic Focus

Adopting the theme, ‘Rise for Good’, the 187 pages report outlines the company’s focus of taking action in the social, environment and economic spheres of its group companies.

Areas of CSR Focus

Mahindra’s CSR activities are primarily in the areas of Women Empowerment, Education, Livelihoods, Skill Enhancement and Vocational Training, Empowering Differently abled Individuals, Relief and Rehabilitation village development, skill development and Technology Incubation, Protection of Natural Heritage, Art and Culture Aid for Armed Force Personnel’s Families, Environment.

CSR Spending

Area of Works Spent Amount (Cr)
Education113.704
Health36.222
Social16.140
Environment12.583
Others3.002
Culture7.266
Sports47.492

Organizational Commitment

“Sustainability at Mahindra is promulgated at the top and permeates throughout the organisation and beyond. Our CSR Council helms the Mahindra Group’s social responsibility vision with diligence, transparency and ownership.”, Mahindra said in report.

About the author:

Rusen Kumar is the editor at India CSR. He can be reached at editor@indiacsrnetwork.com


India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

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Tags: Anand MahindraCSR of Mahindra GroupCSR Spending at Mahindra & MahindraCSR Spending at Mahindra GroupMahindra Education Trust and Mahindra FoundationMahindra Educational InstitutionsMahindra Foundation-USAMahindra GroupRusen KumarTech Mahindra Foundation
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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