The total CSR spend for FY20-21 was Rs. 23.99 crores and positively impact over 7.5 lakh lives. All projects undertaken by Tata Motors have a one-year timeline i.e. relevant for that particular year.
Tata Motors – leading automobile brand, has released its 7th Corporate Social Responsibility (CSR) Report for FY 2020-21.
Despite experiencing extraordinary business downturn over the past years and continuous losses, the company continued its commitment to serve the national interest by allocating unprecedented funds for Corporate Social Responsibility.
“In parallel, our flagship programmes to address some of India’s most pressing developmental challenges in the areas of Health (Aarogya), Education (Vidyadhanam), Employability (Kaushalya) and Environment (Vasudhara), positively impact over 7.5 lakh lives. It is indeed most gratifying that our programmes are benefitting the most deserving sections of the population, including more than 45% of SC/ST.”, the report said.
Tata Motors has delinked its CSR programmes and budgeting from the being applicable solely as per section 135(5) of the Companies Act, 2013 and hence the Company continued to support all CSR activities despite a loss during the year due to the harsh impact on industry during Covid-19, especially in Q1 FY21 even as it Total CSR obligation for the year was NIL.
Neither was the any surplus arising out of the CSR projects or programs’ or activities of the previous financial years, amount required to be set off for the financial year. The total spend for FY20-21 was Rs. 23.99 crores. All projects undertaken by Tata Motors have a one-year timeline i.e. relevant for that particular year.
All CSR initiatives are harmonised pan-India through a Common Minimum Programme across locations, while at the same time the Company has built agility and flexibility into its
CSR initiatives via Location-specific Projects.
The CSR programmes of Tata Motors are aligned to the Tata Group’s focus areas, national and international priorities.
This section provides an insight into the CSR Policy of Tata Motors, its CSR programme framework, comprising pan India Common Minimum Programmes and Location-specific initiatives, which are aligned with SGDs and are in consonance with Schedule VII of The Companies Act, 2013.
The twin approach of a Common Minimum Programme and Location specific initiatives allows Tata Motors to offer ubiquity as well as innovation in its CSR initiatives.
The CSR Mission of Tata Motors, “To be a responsible corporate citizen by driving inclusive growth with social equity, strengthening sustainable development and an active participant in nation building process” and its commitment to global priorities is translated into practice via six programme areas, underpinned by its philosophy of “More from Less
for More” (meaning thereby that our CSR programme reach out to a larger section of communities by the efficient use of available resources to create both effective and sustainable impact).
Download Full Report: Tata Motors Annual CSR Report 2020-21 – CSR Books
