New Delhi, 15 September 2020: Global pharmaceutical company Jubilant Life Sciences has spent Rs 4.4 Crore on its various Corporate Social Responsibility initiatives in the financial year 2019-20.
The company which made record profit with improvement in margins led by growth in the Pharmaceuticals and Drug Discovery & Development Solutions segments in the year 2019-20, spent 16 % more on its CSR activities as compared to the previous year. The company’s total profit for the year was Rs 3,21.10 Crore.
The average net profit of the company for the last three financial years was Rs 221.88 Crore. Accordingly, the prescribed CSR budget for the company, calculated as 2% of the amount, was Rs 4.4 crore. Thus, the company spent 100% of the prescribed CSR amount on activities related to the social sector.
The company officials say that the "Jubilant as a responsible corporate works in the line of Sustainable Development Goals (SDGs) with a strong focus on social performance indicated in the CSR project of the organisation."
Last year also, the company had met 100% CSR obligation by spending around Rs 3.8 Crore.
CSR Implementation through 4-P model
The company’s all CSR initiatives were conceptualised and implemented through Jubilant Bhartia Foundation (JBF), the social wing of Jubilant Bhartia Group. The JBL was established in 2007 as a not-for-profit organisation and its works on 4P model (Public-Private-People-Partnership) for empowering communities.
Corporate Social Responsibility (CSR) at Jubilant is the commitment of businesses to contribute to sustainable economic development by working with the employees, their families, the local community and the society at large to improve their lives in ways that are good for business and for its development, the company says.
During the year 2019-20, the company focused on four major areas below:
- Project Arogya and Swasthya Prahari: Improving health indices through innovative services and promoting health seeking behaviour
- Project Muskaan: Universalising elementary education and improving quality parameters for primary education through community involvement
- Nayee Disha: Enhancing employability through vocational training
- Rural Development: Local Area Development.
All the CSR activities were undertaken in the states of Uttar Pradesh, Maharashtra and Gujarat.
Jubilant Life Sciences CSR: Where the CSR money was spent?
As per the company’s financial report it successfully executed all the planned CSR projects by spending the money outlay for each of the CSR projects.
| CSR Project | Sectors covered | Amount Spent (in Rs Crore) |
| Health (Arogya and Swasthya Prahari) | Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation and making available safe drinking water | 1.16 |
| Education (Muskaan) | Promoting education, including special education and employment enhancing vocational skills especially among children, women, elderly and the differently-abled and livelihood enhancement projects | 1.06 |
| Livelihood (Nayee Disha) | Promoting education, including special education and employment enhancing vocational skills especially among children, women, elderly and the differently-abled and livelihood enhancement projects | 1.44 |
| Rural Development | Rural Development (Local Area Development) | 0.78 |
Jubilant Life Sciences Limited is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Other businesses including Drug Discovery Solutions and India Branded Pharmaceuticals.
The CSR activities at Jubilant Life Sciences are led by non-executive independent director Ashok Misra who is designated as the Chairman -Sustainability & CSR Committee at the company.
