Nestle spends Rs 26.8 Cr in CSR in FY 2017-18

MUMBAI: Nestle India Limited has spent Rs 26.8 crores in corporate social responsibility (CSR) programs in the financial year 2017-18, reflecting in the Annual Report of 2017-18.

In terms of Section 135 of the Act with Companies (Corporate Social Responsibility)
Rules, 2014 as amended (“CSR Rules”) and in accordance with the CSR Policy, during the
year, Nestle had spent above two percent of the average net profits during the three immediately preceding financial years, report said.

In addition to the above, your Company has been implementing societal activities since
many decades under umbrella of ‘Creating Shared Value’ activities which have not been
reckoned for arriving at the spends as per CSR Rules.

Driven by the purpose ‘Enhancing quality of life and contributing to a healthier future’, the Company focuses its efforts in society on the three overarching ambitions of enabling healthier and happier lives for individuals and families, on helping develop thriving and resilient communities, and on stewarding the planet’s natural resources for future generations, with particular care for water, report said.

“This year, we took some important steps towards our ambition of enabling healthier and happier lives. Through key initiatives, for instance, the Nestlé Healthy Kids Programme and Project Jagriti, we empowered 12,00,000 adolescents, young couples and caregivers to
follow a healthier lifestyle. 2017, was also a year when we won several awards across CSR, HR, Advertising, Communications and Supply Chain”, Suresh Narayanan, Chairman & Managing Director, Nestlé India Limited said in the report.