CSR policy of IOCL, its major components and thematic areas, Major CSR funded activities, CSR at the time of COVID-19

1. GROUP 12
MH. AYAZ QURESHI(119)
MOHIT SINGLA(125)
NANDANA K(132)
NIDHI GUPTA(138)
OJOSHWI BHATCHARJEE(146)
-”To enrich the quality of life in different segments of
the society.”

2. BRIEF ABOUT
THE COMPANY
 INDIAN REFINERIES AND INDIAN OIL
COMPANY COMBINED TO FORM THE
GIANT INDIAN OIL CORPORATION
LIMITED (IOCL) ON 1ST SEPTEMBER 1964.
 INDIAN STATE-OWNED OIL AND GAS
CORPORATION.
 58% OF SHARE IS OWNED BY
GOVERNMENT OF INDIA.
 WORLD'S 151TH LARGEST
CORPORATION AS PER ‘FORTUNE
GLOBAL 500 LIST’,2020.
 ONE OF THE TEN MAHARATNA STATUS
COMPANIES OF INDIA

3. SALIENT FEATURES OFTHE CSR POLICY
 3 or more directors with one independent
director.
 2% of avg. net profits of three preceding
years added to CSR budget.
 Surplus arising from CSR projects cannot be
added to business profits.
 Reasons for not spending CSR budget will be
specified in the director’s report.
 CSR activities exclude those undertaken in
pursuance of normal course of business.
3

4. MAJOR COMPONENTS OF CSR FUNDED ACTIVITIES
4
Need assessment
Mode of execution
Implementation schedule
Mode of utilization of funds
Monitoring/Reporting mechanism
Impact assessment

5. THEMATIC AREAS
Safe drinking water
and protection of
water resources.
Healthcare and
sanitation.
Education and
employment enhancing
vocational skills.
Empowerment of
women and
socially/economica
lly backward
groups.
5

6. 9
490.6
331.05
213.99
490.6
327.94
212.67
0
100
200
300
400
500
600
2018-2019 2017-2018 2016-2017
INRCRORE
Prescribed and Actual CSR Spend (IN INR CR.)
ACTUAL SPEND RECOMMENDED SPEND
2018-2019 2017-2018 2016-2017
NET PROFIT (in Cr.) 16894.15 21346.12 19106.46
PRESCRIBED
EXPENDITURE(in Cr.)
490.6 327.94 212.67
ACTUAL EXPENDITURE
(in Cr.)
490.6 331.05 213.99

7. PNG AND LPG SCHEME
BPL FAMILIES
Project sector: Environment and
sustainability
Project budget: INR 85.92 crores
Launched on: May 2016
Aim: Provide cleaner cooking fuel
Project location: Pan India
Implementation partner: Direct
implementation
7

8. SKILL DEVELOPMENT
INSTITUTE
Sector: Education, employment and
livelihood
Launched on: 9th may 2016
Budget: INR 81.84
Aim: Provide opportunities to the
unemployed and underprivileged
youth of Odisha.
Location: Bhubaneshwar
Implementation partner: National
Skill Development Corporation.
8

9. ATTHETIMES OF
COVID-19
 IOCL CONTRIBUTED RS 225
CRORE.
 EMPLOYEES CONTRIBUTED
TWO DAYS' OF THEIR SALARY
TOWARDS THE FUND.
 INDIAN OIL INSURED OVER
3.23 LAKH EMPLOYEES AMID
COVID-19 OUTBREAK.

10. RECOMMENDATION
 Invest and focus more on
projects that ensures
employment of local population
instead of outsourcing.
 Should increase its participation
in the anti-climate change and
anti-global warming activities.
 Should increase its participation
to counter Marine pollution.
CONCLUSION
10
 IOCL is committed to conducting
business with a strong
environmental conscience.
 Concern for Safety, Health &
Environment protection is high
on it’s corporate agenda.
 The company ensure
sustainable development, safe
workplace and enrichment of the
quality of the customers and the
citizens.

11. THANKYOU  HTTPS://WWW.IOCL.COM/DOWNLOAD/ANNUALR
EPORT2018-19.PDF
 HTTPS://WWW.IOCL.COM/ABOUTUS/CORPORAT
ESOCIALRESPONSIBILITY.ASPX
 HTTPS://CSRBOX.ORG/INDIA_COMPANY_I
NDIAN-OIL-CORPORATION-LTD-(IOCL)-
DELHI_48
 HTTPS://WWW.LIVEMINT.COM/NEWS/INDIA
/INDIAN-OIL-INSURES-OVER-3-23-LAKH-
EMPLOYEES-AMID-COVID-19-OUTBREAK-
11585719445431.HTML
References used: