New Delhi, 9 Oct 2020: With a major focus on changing the livelihood of people, Tata Consumer Products Limited (TCPL) has spent a significant amount of Rs10.85 Crore in the financial year 2019-20 under Corporate Social Responsibility (CSR). The company which had a mandate of spending around Rs8.96 Crore has spent 20% more than the prescribed budget on various social initiatives this year.
As per the annual report, the average net profit of the company for the past three financial years stood at Rs 447.92 Crore. Accordingly, the prescribed CSR expenditure was calculated as Rs 8.96 Crore. The prescribed CSR expenditure of a company is calculated as 2% of last three year’s net profit average. However, the company has spent 2.42% of this year on its CSR activities. Last year, the company had spent Rs 8.09 Crore towards its CSR initiatives.
The company’s CSR Committee is headed by Siraj Chaudhry and other members include S Santhanakrishnan and Ajoy Misra.
Key CSR projects taken up by the company in 2019-20
Projects | Project location | Amount spent (in Rs Crore) |
Promoting special education and vocational skills for differently-abled | Kerala | 3.12 |
Rural development | Gujarat | 3.00 |
Affordable Healthcare for all | Assam | 2.50 |
Project Jalodari - Water and Sanitation | Assam | 1.00 |
Promoting gender equality and empowering women and girls | Assam | 0.35 |
Welfare activities | Karnataka | 0.25 |
Projects Undertaken This Year:
Livelihood and Skill Development
The company provides livelihood and skill development to differently-abled youths through TGBL foundation, a separate Trust. TGBL foundation collaborates with Srishti Trust which enables learning and economic opportunities for these youth, through its training and rehabilitation initiatives in Munnar, Kerala. Srishti Trust comprises of 6 units - DARE, Nisarga (strawberry unit), Athulya (manufactures handmade paper and paper products), The Deli (confectionery unit), The Garden Project (fruits, vegetables and flowers cultivation) and Aranya Naturals (natural dye and special effects).
Healthcare
Providing affordable healthcare has always been a key community intervention for TCPL. The Referral Hospital and Research Centre (RHRC) Chubwa in Assam provides free or subsidized medical facilities to general population and the tea communities. The eHub, located at RHRC for the e-Healthcare Project in collaboration with Hewlett Packard, provides video consultation to estate hospitals.
The Company supports the St Jude’s India Child Care Centres in Kolkata to extend help to the cancer affected children.
Women Empowerment
The UNICEF - ETP Improving Lives programme aims to tackle the systemic issues affecting women and children in 206 tea estates of Assam, which is over on fourth of formal tea estates in the region. Following a successful first phase that strengthened child protection this phase has expanded to education, health and nutrition, and water & sanitation challenges.
Project Jalodari
Project Jalodari is the water management programme by Tata Consumer Products that has the aim to create sustainable water sources, raise awareness and build capacities on water and sanitation in the communities in which we operate. It is a multi-sectoral intervention that integrates livelihood with water and food security, sustainable agriculture, sustainable forestry and renewable energy into the developmental paradigm of the community.