Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It addresses critical needs in sectors like infrastructure, construction, power, defense, etc. across 7 countries. L&T has over 130 subsidiaries and associates operating in different business segments. The document discusses L&T's history, achievements, CSR practices and the evolution of CSR in India through four phases - from early charity and philanthropy to an increased focus on stakeholders and sustainability following independence.
TATA Corporate Social Responsibility - A Century of TrustOdisha Development
At the Tata Group our purpose is to improve the quality of life of the communities we serve. We do this through leadership in sectors of national economic significance, to which the group brings a unique set of capabilities. This requires us to grow aggressively in focused area of business.
Ethical issues followed by TATA Steel ltd. Rajat_upmanyu
Tata Steel Limited formerly Tata Iron and Steel Company Limited (TISCO) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
It is one of the top steel producing companies globally with annual crude steel deliveries of 27.5 million tonnes (in FY17), and the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after SAIL.
Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80,500 people. Its largest plant located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus.
It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was the seventh most valuable Indian brand of 2013 as per Brand Finance.
TATA Corporate Social Responsibility - A Century of TrustOdisha Development
At the Tata Group our purpose is to improve the quality of life of the communities we serve. We do this through leadership in sectors of national economic significance, to which the group brings a unique set of capabilities. This requires us to grow aggressively in focused area of business.
Ethical issues followed by TATA Steel ltd. Rajat_upmanyu
Tata Steel Limited formerly Tata Iron and Steel Company Limited (TISCO) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
It is one of the top steel producing companies globally with annual crude steel deliveries of 27.5 million tonnes (in FY17), and the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after SAIL.
Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80,500 people. Its largest plant located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus.
It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was the seventh most valuable Indian brand of 2013 as per Brand Finance.
KS&DL is the true inheritor of golden legacy of India. Continuing the tradition of excellence for over eight decades, using only the best East Indian grade Sandalwood oil & Sandalwood soaps in the world. The products produced at KS&DL are the Soaps, Detergents, Agarbathies and Sandalwood oil.
Tata group Vision and mission and its porter's five forcesAKASH GHANATE
I have included the overview and Vision and mission, Porter's five forces analysis on TATA group FY 2021, Which comes under Strategic management, to understand and help the students.
A Report On Corporate Social Responsibility : The Tata GroupNavitha Pereira
A report highlighting the various corporate social responsibility initiatives taken by the Tata Group and their subsidiaries. Tata sustainability policy has also been mentioned.
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
KS&DL is the true inheritor of golden legacy of India. Continuing the tradition of excellence for over eight decades, using only the best East Indian grade Sandalwood oil & Sandalwood soaps in the world. The products produced at KS&DL are the Soaps, Detergents, Agarbathies and Sandalwood oil.
Tata group Vision and mission and its porter's five forcesAKASH GHANATE
I have included the overview and Vision and mission, Porter's five forces analysis on TATA group FY 2021, Which comes under Strategic management, to understand and help the students.
A Report On Corporate Social Responsibility : The Tata GroupNavitha Pereira
A report highlighting the various corporate social responsibility initiatives taken by the Tata Group and their subsidiaries. Tata sustainability policy has also been mentioned.
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
Microsoft Corporate Social Responsibility
Their Projects Project Siksha, Project Saksham, Youth Spark Project Jyothi
EMPOWER Transforming education and expanding digital inclusion
Imagine Unleashing future innovators
Digigirlz India
Bill & Melinda Gates Foundation is the largest private foundation in the world, founded by Bill and Melinda Gates
Microsoft is ranked No 1 in world ranking for CSR for the years 2012 and 2013.
In purview of the growing concern for Corporate Social Responsibility, here's a take on the initiatives being taken by a major Indian Player in the Tobacco Industry- ITC.
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
Bala Vikasa is positioning itself as a key player in this new dynamic of the Indian development story. Social accountability, ethical business and sustainable development are very important for business success today. Contemporary business is more than ever before evaluating its performance and deriving competitive advantage from tangible social attributes being prevalent throughout its business cycle. Companies are critically appraised by consumers, stakeholders, communities and government based on the demonstration of sustainability in their business performance.
Business today is seeking to promote its brand and social visibility, and engage with stakeholders in seeking social licenses. It is strategizing its corporate social responsibility aimed at business operations sustainability. However, business is yet to manifest its vital role as a partner with the community for social development.
Study of CSR Initiatives of Leading Information Technology Companies of India...Sunil Sood
Study of CSR Initiatives of Leading Information Technology Companies of India
Sunil Sood
Journal of Corporate Social Responsibility
Page No. 2 / Vol. 5 / Issue-2
Corporate Social Responsibility (CSR) is a growing force, with companies around the world increasingly recognizing the need to invest in the
communities and institutions that make their success possible. Earlier, the
companies were focused on increasing “Profits” but the recent developments
of activism in the last few decades influenced by the increasing globalization, environmental issues, awakening of public at large with spread of information & knowledge and other such factors have changed this
perception of Corporate's role, putting it in the wider societal context of which it is a part of.
CSR in India got a fresh impetus with the passing of the Companies Act, 2013 which makes it mandatory for companies with a certain threshold of turnover
/profits, to spend 2% of their average profits on various CSR activities. While
few countries in the world have mandatory laws for CSR reporting (like in
Australia, Norway, Denmark, Holland, France, Sweden), however, India is
the first country to have made it mandatory under law, for reporting plus
spending.
Of the various sectors comprising any economy, the Information Technology
(I.T sector)stands apart, being knowledge & services driven industry.
This paper makes an attempt to understand the CSR approach of the I.T sector in India & the choice of CSR activities undertaken by them.
The approach adopted by the I.T companies reflects that there is a broad spread of activities undertaken by them for fulfilling their CSR requirements.
A closer look reveals that the priority sectors which have got their attention, in the
increasing order of importance are:(1) Promotion of Education (2) Eradicating
hunger, poverty & malnutrition (3) Healthcare.
The study shows that Education is the first priority for making CSR spends for top Indian I.T companies, which is making a huge difference to the lives of millions now.
It can be understood that by spending on Education through these CSR initiatives,
the companies build a positive image as being concerned about the younger
generations and a hopeful future.
C.S.R: CORPORATE SOCIAL RESPONSIBILITY - All that you Need to Know.Satyaki Chowdhury
This Presentation on CSR will give you the very core idea of what is CSR, how it evolved, what are it's applications, its effect on the aspect of Business & Some examples of CSR's Involvement in and outside India!!!!
Hope you will get a basic idea of CSR from the presentation.
Thank You.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
1. DEPARTMENT OF MANAGEMENT STUDIES
NATIONAL INSTITUTE OF TECHNOLOGY SILCHAR
A PROJECT REPORT
ON
“CSR ACTIVITES UNDERTAKEN BY LARSEN & TOUBRO”
SUBMITTED BY
BIDYUT BIKASH DAS
SCHOLAR NO:15/50/118
2. COMPANY PROFILE : Larsen & Toubro
Larsen & Toubro, also known as L&T is a US$15 billion technology,
engineering, construction and manufacturing and financial services
conglomerate. It addresses critical needs in key sectors including infrastructure,
construction, hydrocarbon, power, defence and aerospace. Its footprint extends
across seven countries in addition to India.
A strong, customer-focused approach, conformance to global HSE
standards and the constant quest for top-class quality have enabled the Company
to sustain leadership in its major lines of business for over 75 years.
L&T was rated 58th
Most Innovative Company by Forbes International,
and 4th
in the global list of ‘green companies’ in the industrial sector by
Newsweek. It was voted among the most admired companies in the country by
Fortune India, and rated 8th Most Powerful Brand in India by Brand Finance. It
won The Economic Times Corporate Citizen of the Year Award - 2013, instituted
by one of the world’s most widely sold business newspapers - The Economic
Times. A survey by a leading HR consultancy affirmed its reputation as a people-
focused company, leading to the award for the ‘Most Attractive Employer’ in the
industrial sector.
History
The evolution of L&T into a major engineering and construction
organisation is among the more remarkable success stories in Indian industry. It
was founded in Mumbai (then Bombay) in 1938 by two Danish engineers,
Henning Holck-Larsen and Soren Kristian Toubro. Beginning with the import of
machinery from Europe, L&T took on engineering and construction assignments
of increasing sophistication. Today, the company sets engineering benchmarks in
terms of scale and complexity.
Corporate Sustainability
L&T was the first company in India in the engineering & construction space
to publicly disclose its sustainability performance. The Company’s annual
3. Sustainability Reports highlight achievements and objectives across the
traditional three ‘Ps’ of Planet, People and Profits. All our Reports are rated A+
by Global Reporting Initiatives, indicating the highest level of disclosure. The
recognition that the Company has secured from forums around the world affirm
public perception of L&T as an organization that contributes significantly to the
wellbeing of people
Record of Achievements
Technological support in the launch and tracking systems for Mangalyaan
– India’s Mars Mission, and the only mission to successfully enter
Martian orbit in its maiden attempt. Earlier L&T had also contributed to
India’s lunar mission.
Metro projects being executed in Riyadh and Qatar as part of
international consortiums.
Engaged in building major new airports in Delhi, Mumbai, Bangalore,
Hyderabad and internationally, in Sharjah, Oman.
Mass Rapid Transit Systems including India’s first monorail in Mumbai,
and critical sections of metro systems in New Delhi, Hyderabad,
Bangalore, Chennai, Kolkata, Kochi, Lucknow.
Building major infrastructure projects including ports, specialised bridges
and highway projects.
Building of INS Arihant – India’s first nuclear powered submarine.
The world's largest coal gasifier made in India and exported to China.
The world’s biggest EO reactor for a petrochemical complex in the Gulf
The world’s largest FCC regenerator for a refinery.
Design & manufacture of a wide range of switchgear products and
systems exported to over 30 countries.
4. COMPANY OVERVIEW:
L&T has over 130 subsidiaries and 15 associate companies. In 2011 the
company was re-structured into 9 virtual companies. The nine virtual companies
operate in different segments. The number currently has been increased to 11
for which companies formed are :-
Building and Factories
Transportation & Infrastructure
Metallurgical & Material Handling
Power Transmission and Distribution
Hydrocarbon and Chemicals
Geo-Structure
Power
Info-tech
Finance
Heavy Engineering
Engineering Services
5.
6. CONCEPT AND EVOLUTION OF CSR
WHAT IS CSR?
The concept of CSR is not simple to define; various concepts and themes overlap
this term. The concepts of corporate citizenship, sustainable business,
environmental responsibility, the triple bottom line, social and environmental
accountability, business ethics and corporate accountability are all very much
linked with CSR.
The term CSR itself came into common use in the early 1970s. The last decade
of the twentieth century witnessed a shift in focus from charity and traditional
philanthropy towards a more direct engagement of business in mainstream
development, and concern for disadvantaged groups in society. In India, there is
a growing realisation that business cannot succeed in isolation and social progress
is necessary for sustainable growth. An ideal CSR practice has both ethical and
philosophical dimensions, particularly in India where there is a wide gap between
sections of people in terms of income and standards as well as socio-economic
status (Bajpai, 2001).
PERSPECTIVES
BUSINESS PERSPECTIVE: Focuses on the importance of ‘reputation capital’
for capturing and sustaining markets. CSR is nothing but a new business
strategy to reduce investment risk and maximise profits by taking all the
stakeholders into confidence.
ECO - SOCIAL PERSPECTIVE: Recognises the fact that social and
environmental stability and sustainability are two major prerequisites for
sustainability of the market in the long run. CSR is both a value and a strategy
for ensuring sustainability of a business.
RIGHT - BASED PERSPECTIVE: Focuses on the fact that consumers,
employees, stakeholders and affected communities have a right to know about
corporations and their businesses. It stresses accountability, transparency, and
social and environmental investment as major aspects of CSR.
7. IMPORTANCE
CSR HAS BECOME AN IMPORTANT ISSUE BECAUSE OF THE
FOLLOWING FACTORS:
CSR helps in strengthening the relationship between companies and
stakeholders.
It enables continuous improvement and encourages innovations.
Attracts the best industry talent as a socially responsible company.
Provides additional motivation to employees.
Mitigates risk as a result of its effective corporate governance framework.
Enhances ability to manage stakeholder expectations.
The Four Phases of CSR Development in India
The history of CSR in India has its four phases which run parallel to India's
historical development and has resulted in different approaches towards CSR.
However the phases are not static and the features of each phase may overlap
other phases.
The First Phase
In the first phase charity and philanthropy were the main drivers of CSR. Culture,
religion, family values and tradition and industrialization had an influential effect
on CSR. In the pre-industrialization period, which lasted till 1850, wealthy
merchants shared a part of their wealth with the wider society by way of setting
up temples for a religious cause. Moreover, these merchants helped the society in
getting over phases of famine and epidemics by providing food from their go
downs and money and thus securing an integral position in the society. With the
arrival of colonial rule in India from the 1850s onwards, the approach towards
CSR changed. The industrial families of the 19th century such
as Tata, Godrej, Bajaj, Modi, Birla, Singhania were strongly inclined towards
economic as well as social considerations. However it has been observed that
their efforts towards social as well as industrial development were not only driven
by selfless and religious motives but also influenced by caste groups and political
objectives.
8. The Second Phase
In the second phase, during the independence movement, there was
increased stress on Indian Industrialists to demonstrate their dedication towards
the progress of the society. This was when Mahatma Gandhi introduced the
notion of "trusteeship", according to which the industry leaders had to manage
their wealth so as to benefit the common man. "I desire to end capitalism
almost, if not quite, as much as the most advanced socialist. But our methods
differ. My theory of trusteeship is no make-shift, certainly no camouflage. I am
confident that it will survive all other theories." This was Gandhi's words which
highlights his argument towards his concept of "trusteeship". Gandhi's influence
put pressure on various Industrialists to act towards building the nation and its
socio-economic development. According to Gandhi, Indian companies were
supposed to be the "temples of modern India". Under his influence businesses
established trusts for schools and colleges and also helped in setting up training
and scientific institutions. The operations of the trusts were largely in line with
Gandhi's reforms which sought to abolish untouchability, encourage
empowerment of women and rural development.
The Third Phase
The third phase of CSR (1960–80) had its relation to the element of "mixed
economy", emergence of Public Sector Undertakings (PSUs) and laws relating
labour and environmental standards. During this period the private sector was
forced to take a backseat. The public sector was seen as the prime mover of
development.Because of the stringent legal rules and regulations surrounding the
activities of the private sector, the period was described as an "era of command
and control". The policy of industrial licensing, high taxes and restrictions on the
private sector led to corporate malpractices. This led to enactment of legislation
regarding corporate governance, labour and environmental issues. PSUs were set
up by the state to ensure suitable distribution of resources (wealth, food etc.) to
the needy. However the public sector was effective only to a certain limited
extent. This led to shift of expectation from the public to the private sector and
their active involvement in the socio-economic development of the country
became absolutely necessary. In 1965 Indian academicians, politicians and
businessmen set up a national workshop on CSR aimed at reconciliation. They
emphasized upon transparency, social accountability and regular stakeholder
dialogues. In spite of such attempts the CSR failed to catch steam.
9. The Fourth Phase
In the fourth phase (1980 until the present) Indian companies started abandoning
their traditional engagement with CSR and integrated it into a sustainable
business strategy. In the 1990s the first initiation
towards globalization and economic liberalization were undertaken. Controls and
licensing system were partly done away with which gave a boost to the economy
the signs of which are very evident today. Increased growth momentum of the
economy helped Indian companies grow rapidly and this made them more
willing{Gajare, R.S. (2014). A conceptual study of CSR development in India.
In D.B. Patil & D.D. Bhakkad, Redefining Management Practices and Marketing
in Modern Age Dhule, India: Atharva Publications (p. 152-154).} and able to
contribute towards social cause. Globalization has transformed India into an
important destination in terms of production and manufacturing bases of TNCs
are concerned. As Western markets are becoming more and more concerned
about labour and environmental standards in the developing countries, Indian
companies which export and produce goods for the developed world need to pay
a close attention to compliance with the international standards.
CSR ACTIVITIES IN INDIA
As presented in the chart, the most common thematic areas covered by the
companies include health, education, livelihood, environment and rural
development. Of these, education is the most common and 100% of the
companies included in the research were found to have undertaken some
initiatives on education; this was followed by livelihood and environment, and
then healthcare and rural development9
EDUCATION: The study indicates that providing infrastructure support is the
most common activity in the education domain, undertaken by approximately
88% or 44 out of a total of 50 companies focusing on education.
HEALTHCARE: In the healthcare domain, organising health camps to offer
curative services and raising awareness on health issues are the most common
activities implemented by nearly 74% of the companies.
ENVIRONMENT: CSR initiatives aimed towards the betterment of the
environment include green initiatives such as tree plantation drives to promote
10. afforestation, as well as efforts to conserve water, and to manage and dispose of
waste responsibly. Green initiatives garner the highest attention with 76% of all
companies undertaking specific initiatives to improve the environment and
approximately 64% taking measures to conserve water.
LIVELIHOOD: Out of the 50 companies approximately 88% support skill
development through vocational training, and 78% support income generation
activities.
RURAL DEVELOPMENT: In rural development, 68% of companies have been
working towards betterment of rural areas by providing infrastructure support.
SPECIFIC FEATURES COMPANIES ACT - 2013
The provisions of the CSR Act apply to all companies that have any one
of the following in any financial year
Net worth of INR 500 crores or more
Turnover of INR 1,000 crores or more
Net profit of INR 5 crores or more
An average of the previous three financial years’ PAT will be considered
for calculating the 2% for CSR.
CSR policy of a company should ensure that surplus arising out of a CSR
activity will not become part of business profits.
CSR policy should specify that the CSR corpus will include the
following: a) 2% of average net profit; b) any income arising thereof; c)
Surplus arising out of CSR activities.
Companies may collaborate or pool resources with other companies to
undertake CSR activities and any expenditure incurred on such
collaborative efforts will qualify for computing CSR spending.
All companies falling under the provision of Section 135 (1) of the Act
should report, in the prescribed format, the details of their CSR initiatives
in the director’s report and on the company’s website.
In case a company has failed to spend 2% of the average net profit, the
reason for doing so should be mentioned in the annual board report.
KEY CONCERNS
11. The Act does not prescribe any penal provision if a company fails to
spend the stated amount on CSR activities. The Board will need to
explain reasons for noncompliance in its report.
The threshold limit of Rs.5 crores net profit for applicability of CSR
requirements seems, in comparative terms, to be on the lower side vis-à-
vis net worth and turnover thresholds of Rs.500 crores and
Rs.1,000crores respectively. This may result in companies getting
covered under CSR even when they do not meet net worth/ turnover
criteria.
It is not absolutely clear whether a company will need to create a
provision in its financial statements for the unspent amount if it fails to
spend 2% on CSR activities in a particular year.
After some initial confusion over the tax applicable, it is now clear that
CSR expenditure will be taxable, although for a few activities tax
exemption will be allowed from the financial year 2014-15. However,
there is no clarity yet on these activities.
12. CSR POLICY OF LARSEN & TOUBRO
L&T has a CSR vision to uphold human values with sustainable
community development. The development will facilitate equal opportunities to
everyone irrespective of caste, class, colour, gender and religion, leading to self-
reliance. L&T aspires to be known to society as a group which cares and seeks to
build-up capacities of the underserved, marginalised and disadvantaged by
working together, with and for them. This aspiration includes all aspects of
human development for a dignified living. Social infrastructure is indispensable
for progress; L&T, as India’s leading builder of major infrastructure projects, is
equally committed to developing projects that will contribute to the quality of
life. This includes schools, hospitals, skill training institutes, water supply &
distribution and sanitation facilities.
FOCUS AREA
Focusing on the many challenges around project
implementation, L&T propose to work towards the following outcomes
from the Social Infrastructure programmes, based on need assessment
and feasibility.
Water & sanitation
Education
Health
Skill building
13. Water & Sanitation
Provide integrated water management solutions which will
include (building check dams, Rain Water Harvesting, making
drinking water available close to village centre etc.)
Create awareness on good health and hygiene practices in
schools, villages etc.
Providing toilet blocks in schools, communities and homes
Providing decentralized renewable energy solutions for
communities
Education
Repair / build Balwadi & Aanganwadi schools, classrooms,
libraries, science laboratories, playgrounds, boundary walls etc.
Repair / build roads, provide transportation for children to reach
school / Balwadi / Aanganwadi safely
Provide e-learning, digital facilities in schools
Create access and provide training to integrate the differently-
abled children by ensuring building of disable friendly
infrastructure
Health
Build health centres with essential facilities
Set up mobile clinics to provide healthcare at the doorstep
Equip the health centre / mobile medical unit / dialysis
centre with quality personnel, facilities and equipment
Awareness building camps with access to free screening
Enhance health services for adolescents
Strengthen primary health centres and equip them for pre & post
natal care
14. Skill building
Expand skill development centres and provide support to youth
and school drop-outs through other programs
Create credible certification and assessment system with industry
participation
Develop qualified and experienced trainers
Set up vocational training institutes for women in smaller cities
to enhance employable skills like nursing, sewing/weaving,
beautician, pre-school teacher, food processing, childcare etc.
Support skills training for the differently-abled
Provide skills training in tool & die, painting, computer/ IT,
automobile etc.
Build market connectivity
Besides these L&T Group also works on Green Premises
There are 14 green buildings & a green factory stand all covering 2.1
million square feet of build-up area following recurring benefits
15. Governance Structure Of L&T
L&T's four-tier Corporate Governance structure ensures greater
management accountability, facilitates increased autonomy of
businesses and increases stakeholder confidence.
16. CSR Activities In The Financial Year 2011
Thrust Area No Of Beneficiaries
Education 88,972
Mother & Children Health 307,155
Skill Building 16,728
Total 412,855
In Education
Building Blocks
In 2011 L&T groups engaged with 77 Schools
Set up 54 community learning Center
Upgrading the infrastructure of schools in villages like
Mora, Junagam, Suvali, & Rajagari near Hazira,
Chettipalayam near Erode, Bilaspur district and in urban
areas such as Faridabad, Bangalore, Kolkata, and Chennai.
Impacting more than 16,000 school students in the villages
surrounding Hazira by developing a computer lab, a library
and providing contemporary teaching aids.
Building the school premises of Ankhol village, Vadodara
and providing computers to educational institutions in
Vedal village and Tambaram, Chennai.
Setting up a well-equipped science lab and distributing
learning kits at Shriram Vidyalaya, Ahmednagar
Gifted computers to the toppers of classes X & XII in
Vellore District High School, Chennai.
Project Ujjawal A Scholarship examination.
Learning Assistance
Introduced Universal Active Mathematics - an activity-
based 'do and discover' method in institutions like
NITIE- Paspoli, Milind Vidyalaya, Paspoli & Tirandaz
17. Municipal Schools in Mumbai.
Providing academic assistance to over 1,400 children from
slum communities in Mumbai through 26 study centres and
28 balwadis.
Provision of teaching material in regional languages to
balwadi teachers in Vadodara.
Facilitation of educational kits to schools in Bhopal,
Vadodara, Ahmednagar and several other villages like
Mora, Junagam, Suvali, Rajagari and Dariyapur.
Knowledge Workshops
Reaching out to over 16,000 X & XII grade students in
Mumbai by conducting workshops on vocational guidance
and subjects like Mathematics, Science, English and
Geography.
Career counselling for students in Hazira, Chennai and
Mumbai.
Study techniques & career guidance workshops in Mysore
and Mumbai.
In Skill Building
Skill building programme of the year 2011 benefitted urban &
rural youth along with specific programmes for women belonging to
the lower social stratum.
Constructions Skills Training Institute (CSTI) :- CSTI is
an innovative model that synergizes business
requirements with social needs at a local level. The aim
is to increase employability and enhance human
resource capital for the construction industry. This year,
CSTI trained over 10,700 individuals empowering them
with livelihood opportunities.
18. Vocational Training for Women :- In order to promote
self-reliance, L&T's project, Aadhaar offers employment
skills training and start-up kits to socially disadvantaged
women. These courses are being conducted in Junagam
village, Hazira and Ekta Nagar Slum, Vadodara.
Multi skill training for over 90 ITI candidates from rural
areas of southern Orissa & suburbs of Vishakhapatnam.
Community Aid & Sponsorship Programme (CASP) :-
200 women and youth were provided vocational training
under the programmes conducted by CASP.
Apprenticeship & advanced training for locals and tribal
youth of Kansbahal.
In Health
Health Camps
Around L&T campuses in India, health and eye camps
were held for children to monitor health status and
promote early detection of vision related problems which
hamper academic performance.
Over 6,000 women and children in Kansbahal benefited
from our free OPD services, immunisation & pulse polio
camps, eye check up and medical camps.
A special camp focused on the gynaecological, dental and
eye issues was held in Dyavarhalli village, Bangalore and
treated over 400 women and children.
Over 19,300 mothers and children benefited through our
initiatives like immunisation, pulse polio drive and
awareness rally in health centres of Ahmednagar.
19. Eye & health camps at Harkesh Nagar and Santosh Nagar
in Faridabad benefitted over 1,100 women and children.
HIV/AIDS Programmes
Awareness drives were held across all L&T locations on
the 1st of December, 2010 to commemorate World AIDS
Day.
Pioneered an education programme on HIV/AIDS in
Hazira to spread awareness among the local and migrant
communities.
HIV/AIDS (VCTC) awareness programmes were
conducted in Surat, Mora village, Construction business,
Mathura campus, Kattupalli and nearby villages.
Voluntary Counselling & Testing Centre (VCTC) has
been set up in Mumbai and Hazira to increase awareness
and offer free testing.
L&T Ladies Club, Hazira continues to engage in project
'SWAYAM' - an innovative income generation
programme for HIV+ women.
We actively support Positive People Network [PPN+] in
Gujarat formed by and for men & women living with
HIV+.
20. CSR Activities In The Financial Year 2012
Thrust Area No Of Beneficiaries
Education 128,365
Mother & Children Health 374,398
Skill Building 40,788
Total 543,551
In Education
Learning Edifices
In The Financial Year 2012 L&T groups engaged with 147
Schools
Set up 50 community learning Center
Recreating a 60-year old school in Chennai & a 128-year
old girls school in Sriperumbudur,Tamil Nadu
Developing infrastructure for schools in rural areas like
Mora, Dumas and Vansava near Hazira, Panposh and
Chungimati near Kansbahal and Jaulan Kalan near
Chandigarh.
Encouraging the role of recreation in schools by developing
a school park at Manapakkam and Mugaliwakkam in Tamil
Nadu, and building a multipurpose hall at Ahmednagar,
Maharashtra.
Creating a science laboratory at Visakhapatnam.
A library for students at Bangalore and renovating a science
laboratory at Pune.
Constructing RCC water tanks with a capacity of 5,000
litres at a school in Limdi Taluka, Gujarat to provide basic
necessities
21. Learning Tools
School kits were distributed to students in Villages
surrounding Hazira - Gujarat, Satna - MP, Hyderabad - AP,
Kolkata - WB as well as in slums of Sahar in Mumbai,
Orphanages in Surat, Vadodara -Gujarat and in Chennai
Tamil Nadu.
Educational resources were provided to underprivileged
school children in villages like Ambagadia in Odisha,
Bhadal in Uttar Pradesh, Korba in Chattisgarh as well as
at places in Delhi, Visakhapatnam, Bangalore, Rourkela,
Jamshedpur and Kochi.
Accelerating Learning
Science on Wheels :- 'Science on Wheels', is a project that
brings hands-on science education to the rural masses and
kindles the quest for knowledge among young minds. It is
supported by Larsen & Toubro Public Charitable Trust and
managed by the Agastya International Foundation.Under
the aegis of this project, a mobile lab visits different
schools, and demonstrates scientific experiments to the
students helping them gain practical knowledge. In the
year under review, this laboratory traversed the state of
Gujarat visiting 41 schools and enriching over 13,500
students.
As a part of scaling up Project Ujjwal - Mathematics, English
and local language supplementary programme, operational in
21 schools in Mumbai, was extended to 3 schools in Hazira,
22. 7 village schools in Vadodara and 2 schools in Bangalore
Career counselling sessions and study technique workshops
were organised for schools in Navi Mumbai, Mysore and
Powai
'Spoken English' classes for vernacular medium school
children were arranged in Kansbahal, Mumbai, Bangalore,
Coimbatore and Kolkata
Mathematics and Science Fairs were hosted at a Municipal
School in Mumbai .
Project 'Vidyaa’ :- Larsen & Toubro Public Charitable Trust supported
the implementation of Project 'Vidyaa' in the states of Gujarat and
Maharashtra. The project focussed on all-round physical and mental
development of students and was introduced in 56 schools in the
reporting year wherein a total of 36,000 students participated in
various competitions, health check-ups, personality development
sessions, GK & IQ tests and library development projects.
In Skill BuIlding
New Construction Skills Training Institute unveiled in Kancheepuram
district benefiting 300 trainees
Supported 27 Industrial Training Institutes (ITI) across India.
L&T in collaboration with various NGOs provided vocational training
to 4,470 women across different trades and empowered them
'Uddyam' under the L&T Public Charitable Trust reached out to around
150 underprivileged women
Under Project 'Aadhaar' tailoring training was imparted to 70 women
of Damka village, Gujarat
A handicraft workshop was organised at Kalanji to train women and
adolescent girls on making jute doormats, artificial flowers and soft
toys
Basic computer training programmes instituted for community
youth in Bangalore, Faridabad, and orphanages in Jaipur and
Lucknow
Initiated skill-development programmes, such as trade apprentice
scheme, advance trainee scheme and multi skill (technical) programme
to enhance the employability of tribal youth in and around Kansbahal
23. In Heath
Organised family planning camps benefiting over 50,000 in and
around Mumbai, Pune and in multiple villages near Surat.
Nutritional supplements for over 500 Aanganwadi children in
Vadodara and to an orphanage in Nagpur
A pulse polio programme and immunisation & health check-ups in
Bangalore, Kansbahal and Coimbatore
Conducted specialised camps such as bone density check-up, tetanus
vaccination, and rubella vaccination for school girls in and around
Ahmednagar
Gynaecology camp for women near Bangalore and upgradation of
gynaecology facility, laboratory, antenatal clinic, and general OPD
at Mora near Hazira.
CSR Activities In The Financial Year 2013
Thrust Area No Of Beneficiaries
Education 221,700
Mother & Children Health 427,626
Skill Building 52,207
Total 701,533
In Education
Reinforcing Infrastructure
147 Schools were being supported for constructing proper sanitation
facilities.
Upgrated 22 schools
Girls' toilets were constructed at Panposh Nodal School near
Kansbahal, Odisha.
Remodelling and renovation of Saraswati Vidya Mandir primary
school in Ahmedabad, Gujarat
Desktop computers were donated to schools in Mumbai,
Kolkata and Coimbatore.
24. Accelerating Learning
'Science on wheels' mobile vans that reach out to rural schools and
inculcate scientific curiosity, increased from 2 to 8 and impacted
100,000+ students.
Career counselling workshops were held at various schools in
Sarai Khwaja in Faridabad and, Hinkal, Belevadi and
Muganahundi in Mysore.
Science exhibitions were organised for 152 schools in Vadodara
district.
Through project “Neev” supported NGOs who works for differently
abled students. No of Beneficiaries were through this project was
14,222.
In Skill Building
L&T provides skill-based computer training to youth. The
programme is currently operational at 8 locations viz. Mumbai,
Ahmednagar, Hazira, Vadodara, Kansbahal, Visakhapatnam,
Kancheepuram and Bengaluru.
ITI sponsorship schemes were made available for poor students .
In collaboration with Dalmia Institute of Technical Centre, a special
training scheme was implemented in and around Kansbahal, Odisha
Tailoring classes for underprivileged women at Ankhol, Vadodara.
Fashion designing, beautician programmes and fabric painting at
Mysore. Embroidery classes for tribal women at Kansbahal, Odisha.
Vocational Training Centres set up for women at Ahmednagar
and Coimbatore.
Project Sarvodaya was initiated in the year 2012-13 at
Filterpada, a community of 12,500 people in the vicinity of
Powai Campus.
In Health
Improving maternal health, health awareness drives, promoting
family planning measures and anaemia contro.
25. Awareness through a documentary film about lactation, pre- &
post-natal and early childhood healthcare for community women
at Vadodara.
Combating HIV/AIDS, malaria and other diseases through
integration with national health programmes. Awareness, medical
support, counselling, testing & ART (Anti-Retroviral Therapy) for
HIV/AIDS.
Over 10,000 persons were screened at a health check-up camp and
around 1000 persons attended the HIV awareness camp at
Visakhapatnam
CSR Activities In The Financial Year 2014
Thrust Area No Of Beneficiaries
Education 242,024
Mother & Children Health 517,837
Skill Building 45,209
Total 805,070
After the Companies Act, 2013, In FY14, L&T spent about Rs 76.5 crore on
social responsibility activities. It is Approximately1.4 per cent of its profits.
In Education.
Educational interventions of L&T are focused on pre-primary and
primary section of schools like Pandit Dindayal School & L&T HED
STP, Ranoli. Under this L&T Associated with running 360 primary
schools.
L&T run specific programmes in schools on subjects such as
Mathematics, Science, English, Health & Hygiene and Safety.
Through L&T's 'Science on Wheels' programme, vans visit various
schools in villages to impart knowledge through experiential learning.
In addition, summer camps, sports activities, periodical health check-
up camps are conducted at adopted schools.
L&T set up a Science Centre at Ondipudur Boys Higher Secondary.
26. 150 Single-Teacher Schools Receive Funding From L&T
Project ‘Sankalp’ :-In this project 15,880 kg of waste papers were
recycled into 2,027 notebooks & distributed among the schools
supported by L&T
In Skill Building
L&T runs 8 Skills Training Institutes (CSTI) across India currently
imparting skills for school dropouts and illiterate village youth.
Through Project ‘Neev’ enriching the lives of the differently abled
through interventions such as vocational training programmes.
Handicrafts and other products made by the participants in the
Project ‘Neev’ programme are marketed through various channels.
In Health
L&T's community health centres are located at Mumbai, Thane,
Ahmednagar, Hazira, Coimbatore, Chennai, Kansbahal and a
new centre was started this year at - Vadodara. These centres
provide diagnostic health services, including gynaecological,
paediatric, immunization, chest & TB, ophthalmic consultation
and dialysis services.
Medical vans are operated by L&T provide marginalized
communities access to modern healthcare.
Awareness campaign about AIDS & HIV
CSR Activities In The Financial Year 2015
In the financial year 2015 L&T groups plans to use 2% of its profit in the
CSR activities.L&T plans to allocate the annual CSR Corpus in the below
mentioned percentages towards the thrust areas.
Thrust Areas % of Allocation
Education/ Literacy Enhancement 55%
Skill Developments/ Empowerment 25%
Health Care/ Medical Facility 10%
Drinking water/ Sanitation 10%
27. L&T Plans to build 5000 toilets with the tag line ‘sanitation for all-
Toilets First'.
Integrated Community Development Project for rural communities
in Maharashtra. The programme, which focuses on creating
sustainable sources of water for tanker dependant villages in Pathardi
covering 7 villages and a population of over 6500 people will be spread
over 4 years. The programme will also enable the community to build
and utilise sanitation facilities besides covering areas like support to
schools thereby enriching quality of learning, improvement in health
status and skill development initiatives. Similar integrated community
development programmes have been recently launched in Rajasthan
and Tamil Nadu as well.
Power to the People :- ‘Power to the People’ is the theme line of L&T’s
CSR initiatives at the 2x700 MW power plant in Rajpura,
Punjab. Based on supercritical technology, it is one of the most eco-
friendly and efficient coal-based thermal plants in India. The megawatts
generated are supplied to the state of Punjab, helping industry and
lighting up the lives of people. As part of its CSR programme, L&T
engineers constructed a multi–tiered water conservation system. This
includes two storage tanks, filtration chamber and a recharge-well for
harvesting rainwater and facilitating artificial recharge. The two storage
tanks have a total capacity of 7,694 cu. m. The rainwater harvesting
system has the potential of recharging over 500,000 cu. m. of water
annually. The consequent rise in the water table and all its attendant
benefits will add new meaning to the theme-line ‘Power to the People’.
28. Policy suggestions
L&T should spend at least 2% of its profit in CSR.L&T should motivated
other companies by spending its fund in the CSR activities.
L&T should be careful enough in releasing funds so that there should not
be any kind of scandal of funds.
They must constantly monitor and listen to the needs of the communities
where they do business and then determine the most suitable approach to
address their social issues.
They should concentrate on much more towards green environment. They
should concentrate on activities like tree plantation.
To promote sustainability in partnership with industry associations in order
to have a multiplier impact.