Day: December 27, 2018

Companies in India spent 75.36 billion rupees on CSR this year – The CSR Journal


Companies in India spent INR 75.36 billion on corporate social responsibility (CSR) activities in 2017-18, a 47% rise compared to 2014-15, says a survey. “This is a significant rise, clearly demonstrating higher expenditure towards CSR activities from the mandated year, 2014,” said the KPMG India CSR Reporting Survey 2018.

The cumulative expenditure by top 100 companies from 2014-15 to 2017-18 is about INR 263.85 billion, the survey said. The average amount spent per company has gone up to INR 761 million as compared to INR 588 million during 2014-15, up 29%, it said.

The survey further said that the total unspent amount has reduced by INR 7.49 billion to INR 9.89 billion during 2017-18 from INR 17.38 billion in 2014-15. “This is the fourth year into the report and also government regulation to spend 2% on CSR. This year, the two outcomes which are showing progress due to the regulation are – governance around CSR and contribution of private sector in the development,” said Santhosh Jayaram, Partner and Head, Sustainability and CSR Advisory, KPMG in India.

“The governance around CSR has improved to a great extent. The functioning of the CSR committee has shown significant development as increasing number of top executives are involved and CSR is also a board room discussion. The CSR spend is increasing over years and more private companies are crossing the 2% threshold,” he added.

The number of companies that have spent less than 2% has also substantially come down by 37% to 33 companies in 2017-18 from 52 in 2014-15. State-wise, Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Karnataka are the top five states from an expenditure perspective, the survey added.

Statistics
84 companies implemented their CSR projects through a combination of direct implementation, own foundation or implementing partners against only 57 companies which preferred this implementation modality during 2016-17, indicating an upward trend of 47%
Expenditure towards education has increased by over 75% over the last 4 years i.e. from INR 1249 Cr. (2014-15) to INR 2202 Cr. (2017-18)
Energy & Power sector has spent the highest amount towards CSR (INR 2464.96 Cr.) followed by BFSI (INR 1352.67 Cr.), Customer Products (INR 635.41 Cr.), IT Consulting & Software (INR 1100 Cr.) and Mining & Metal (INR 647.12 Cr.). Chemicals (INR 22.03 Cr.), Media & Entertainment (INR 25.4 Cr.), Services (INR 152.5 Cr.)
89% Indian origin companies have a stand-alone CSR committee during the current year compared to 79% during 2014-15. 100% non-Indian origin companies have a stand-alone CSR committee during the current year compared to 89% during 2014-15
30% of N100 companies were required to provide reason for unspent CSR funds as compared to 60% in 2014-15. Out of these 90% have given reason for unspent CSR funds as compared to 98% in 2014-15.
Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

Regards,
The CSR Journal Team

via Companies in India spent 75.36 billion rupees on CSR this year – The CSR Journal

Malissa Van Zee

Clean Living

Entire Career Guidance

Your Need , Our Guidance

Love and Lyrics

For the love. For the lyrics. With love from Erica.

High-Quality Data and Image Annotation Service

Anolytics is a data annotation service providing company that offers high quality annotated images, text, videos for machine learning and deep learning with best level of accuracy.

lifenvi

live life in livable environment

SindrElf

The Geeky Blogger

The Great Indian Bastard

one to bring you the best chronicles

Bhutadarma

Nothing is impossible (at least that does not violate the laws of physics). When you can..violate the laws of physics!

Dhananjay "Jay" Parkhe - Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author

"Better Just gets Still Better with jAy"! Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author AuthorAIM Innovation Mentor for Change, Business Mentor WF-NEN, Healthcare NGO Advisor, Blogger, Poet

This crazy busy life

the crazy busy life of the working Mom

DRAMATIC INTENT & AVIKING BY HOOF presents - L.A.R.P. Gros Morne 2020

When Viking Folklore comes to life! Quand le folklore viking prend vie!

Sara Schroeder "Speak Life"

Author, Speaker, Pastor, Prayer Warrior, Forgiveness Mentor

MISSunderstood

I have found my voice. I want to hear yours.

Dakilanglaagan

Backpack Reflections

Mywayoflivinglife

Dawn to Dusk! I try to cover as many as topics I could relate to.

bookerworm

so many books so little time

Innovative Content Ideas

Creative Work Samples

Let's Talk

Life is running,Time is running, So the power, Use it.

The Happiness Nerd

Discussing Paths Towards Happiness

Nigeria no (1) wapcodehub.com

Home Music Video Entertainment | WAPCODEHUB TV | NEWS| WAPCODEHUB LIST | DJ MIX | TALK ZONE | SPORTS | WEDDING | BIRTHDAY | MORE |

She’s inspired

Inspired to inspire

Speaking Bipolar

Help to Successfully Live with Chronic Illness, Bipolar Disorder, and Familial Mediterranean Fever

Poetry by Nathan Cocker

Verse from an adverse mind.

Freddie Mercury Online

Dedicated to Freddie Mercury

Arqui's Arqui's

Socorro e oração a fome no mundo

Fallen Angels

Poetry, fiction

Two on a Rant

Rants, humor, sarcasm, and a haiku-like substance? It's hard to know what's going to come out of our minds next.

Felix Alexander Writer

Storyteller Philosopher Poet

Lignes invisibiles

Lignes invisibles associant des idées, créant des images.

The powers

Motivation

Centarsko - https://centarsko.com

The Only Place Where you can Find Extraordinary Jewelry and Fashion

Malissa Van Zee

Clean Living

Entire Career Guidance

Your Need , Our Guidance

Love and Lyrics

For the love. For the lyrics. With love from Erica.

High-Quality Data and Image Annotation Service

Anolytics is a data annotation service providing company that offers high quality annotated images, text, videos for machine learning and deep learning with best level of accuracy.

lifenvi

live life in livable environment

SindrElf

The Geeky Blogger

The Great Indian Bastard

one to bring you the best chronicles

Bhutadarma

Nothing is impossible (at least that does not violate the laws of physics). When you can..violate the laws of physics!

Dhananjay "Jay" Parkhe - Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author

"Better Just gets Still Better with jAy"! Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author AuthorAIM Innovation Mentor for Change, Business Mentor WF-NEN, Healthcare NGO Advisor, Blogger, Poet

This crazy busy life

the crazy busy life of the working Mom

DRAMATIC INTENT & AVIKING BY HOOF presents - L.A.R.P. Gros Morne 2020

When Viking Folklore comes to life! Quand le folklore viking prend vie!

Sara Schroeder "Speak Life"

Author, Speaker, Pastor, Prayer Warrior, Forgiveness Mentor

MISSunderstood

I have found my voice. I want to hear yours.

Dakilanglaagan

Backpack Reflections

Mywayoflivinglife

Dawn to Dusk! I try to cover as many as topics I could relate to.

bookerworm

so many books so little time

Innovative Content Ideas

Creative Work Samples

Let's Talk

Life is running,Time is running, So the power, Use it.

The Happiness Nerd

Discussing Paths Towards Happiness

Nigeria no (1) wapcodehub.com

Home Music Video Entertainment | WAPCODEHUB TV | NEWS| WAPCODEHUB LIST | DJ MIX | TALK ZONE | SPORTS | WEDDING | BIRTHDAY | MORE |

She’s inspired

Inspired to inspire

Speaking Bipolar

Help to Successfully Live with Chronic Illness, Bipolar Disorder, and Familial Mediterranean Fever

Poetry by Nathan Cocker

Verse from an adverse mind.

Freddie Mercury Online

Dedicated to Freddie Mercury

Arqui's Arqui's

Socorro e oração a fome no mundo

Fallen Angels

Poetry, fiction

Two on a Rant

Rants, humor, sarcasm, and a haiku-like substance? It's hard to know what's going to come out of our minds next.

Felix Alexander Writer

Storyteller Philosopher Poet

Lignes invisibiles

Lignes invisibles associant des idées, créant des images.

The powers

Motivation

Centarsko - https://centarsko.com

The Only Place Where you can Find Extraordinary Jewelry and Fashion

%d bloggers like this: