Tata Motors – leading automobile brand, has released its Corporate Social Responsibility (CSR) Report for FY 2019-20. Despite experiencing extraordinary business downturn over the past five year and continuous losses, the company continued its commitment to serve the national interest by allocating unprecedented funds for Corporate Social Responsibility.
The total social investment in FY 2019-20 was Rs. 25.19 crore of which 22.91 crore were toward CSR Programmes & Projects, drinking water projects that are mainstreamed in CSR agenda and one time investment towards disaster response.
A major portion of funds were spent on the CSR programmes which are deployed in the project mode and are part of our Common Minimum Programmes (CMP) and Location Specific Programmes (LSP).
This sum also includes a part amount of 50% of the total Rs. 1.27 crore that were spent through Sumant Moolgaokar Development (as the company makes a matching contribution towards the voluntary contribution made by employees which was Rs. 65 lakhs in FY 2019-20.). In addition, a sum of ₹ 1.62 crore was dedicated towards Maharashtra Flood Response Programme. This sum was mobilised through voluntary contribution from the employees.
In line with the Tata Group’s vision of promoting community well-being, Tata Motors has actively implemented initiatives under its key thrust areas of Health (Aarogya), Education (Vidyadhanam), Employability (Kaushalya) and Environment (Vasundhara) and the Rural Development. The scope and the depth of the CSR programmes of the company have consistently increased and has positively touched 8.3 lakh lives in FY19-20, out of which nearly 41% belong to the SC and ST communities.
Tata Motors has leveraged its sectoral expertise, a dense network of business associates in the value chain to positively impact the lives of most vulnerable sections of the community. Its unique approach of More from Less for More Philosophy underpins innovative aggregation from all the stakeholders.
Tata Motors mobilised over 59% of the resources through partnerships and collaboration for its project.Over the years, It has been working extensively with underprivileged communities, especially in the vicinity of its plants. As these are located near both rural and urban areas, the CSR programme has progressively developed to better serve their evolving needs. The scope and depth of company’s engagement for their holistic well-being has consistently increased along with the resource allocation and capital outlay to support this expansion.
In FY19-20, the programmes designed and implemented by Tata Motors positively impacted over 8.3 lakh lives. What is most encouraging is that these programmes recorded improved outcomes with their outreach to the most deserving sections of the population, including over 40% from SC/ST.
Since its formation 152-years ago, the Tata Group has served as the custodian of public good, living upto its mission to address the world’s most urgent needs. With ‘Responsibility’ as a core value and ensuring what comes from the people goes back to the people many times over, as the guiding principle of its business conduct.
Tata Motors CSR Spending for last 3 Years (Source: Tata Motors CSR Report)
|FY||CSR Amount Spent|
|2017-18||Rs. 21.43 Cr|
|2018-19||Rs. 22.4 Cr.|
|2018-19||Rs. 22.91 Cr|