New Delhi, 14 August, 2020: Leading electrical appliances and water pump maker Crompton Greaves has spent more than Rs 10 crore on various social activities as part of its Corporate Social Responsibility (CSR) in the year 2019-20.The company increased its CSR spent by more than 39 per cent as compared to the last year.
Lat year the company had spent a total of Rs 7.2 crore on its CSR
activities. The prescribed CSR budget
for the company in the year 2019-20, calculated as 2 % of the average profit
over last three years, stood at Rs 9.97 crore.
The company has recorded an average
net profit of Rs 498.55 crore over last three years, revealed company’s annual
report for 2019-20.
The company’s CSR activities specifically focused at skill development and livelihood programmes."Our CSR programme, UJJVAL DEEP, is designed to address some major concerns in society today - employment, environment, empowerment, and engagement," the company stated in the report.
The CSR
activities of the company included vocational training programmes and water and
waste management.
Vocational
and skill training
Company’s skill
development centres in Himachal Pradesh, Gujarat, Maharashtra, Tamil Nadu,
Odisha, Jharkhand, Assam, Telangana, Sikkim, and Dadra and Nagar Haveli, train
candidates in plumbing techniques and handling electrical appliances, and
apparel making (for women). Once trained, these candidates score around 80%
successful placements and the rest become self-employed. Specific skill
programmes also focus on the youth from underprivileged tribal communities and
on women from underprivileged regions. The skill training initiatives also
include teaching life skills to middle school children. As many as 3211 youth
were trained under multiple vocational programmes as mentioned below:
- Residential Multi-Skills Training with ASMACS: Sponsored training of 1,680 youth at Baddi, Ahmednagar, Guwahati, Coimbatore, Vadodara and Bhubaneswar, in electrical and plumbing (80% placed in reputed companies).
- Skills Training with PARFI : A total of 132 candidates from under-privileged and tribal communities trained in Mechanical and Plumbing skills at Bundu and Sambalpur (88% successfully placed).
- Electrical, Wireman and Home Appliance Repair Programme with Yuva Parivartan: Skilling youth through Yuva Livelihood Development Centres across Maharashtra to impart training in the field of Electrical, Wireman and repair of Home Appliances. Soch Ka Parivartan module trained 432 students build self-esteem and develop a positive attitude.
- Apparel-making Programme with Yuva Parivartan: Skilling the underprivileged women in Marathwada, Vidarbha and Palghar regions of Maharashtra (354 women undergoing training).
- Crompton Centre of Excellence with Orion Eductech: Set up Crompton Centre of Excellence at Hyderabad, Sikkim and Silvassa to train 1,400 youth in electrical and plumbing skills (120 students undergoing training).
Water and
waste management
The company promoted rainwater harvesting, watershed development, groundwater replenishment, and the provision of clean drinking water at the community level and educate people in water usage and conservation in general. Its initiatives include making targeted villages water secure and building drought resilience, and desilting water bodies in order to increase their capacity. The Company supported a watershed development initiative in Jalna, Ahmednagar, Maharashtra and Wasunde village. This also increased employment options within agriculture and allied activities by impacting 758 landholdings and their families in the region.
Mid-day meal
for students
The companyparticipated in a mid-day meal scheme in Vadodara, Gujarat, making it attractive for the children to come to school. The scheme benefitted more than 7,042 such students from across 41 schools.
The company undertook most of its CSR projects via Crompton CSR Foundation, a subsidiary of the company incorporated in May 2019 primarily with an objective of channelising its CSR activities.
The company has a
CSR committee which is chaired by Shantanu Khosla who is also the Managing
Director of the company.
