india csr outlook report 2016

A SNAPSHOT OF CSR SPEND IN FY 2015-16250 BIG COMPANIES IN INDIA

September 2016

Abridged Versionwww.ngobox.org

About the Report

The ‘India CSR Outlook Report (ICOR), an annual research publication of NGOBOX, presenting in-depth analysis of CSR spend of big companies in previous financial year. The 2016 report is the second such publication after the first report that was highly appreciated by various Ministries, Businesses and Academic institutions. The report was referred in over 30 news and research articles within 1 month of the release in October 2015.

The 2nd ICOR provides an in-depth analysis of CSR spend of big 250 companies in FY 2015-16. The report visualizes a few important curves of CSR landscapes in India, entirely based on actual CSR spending data of these companies. While at the time of its release on 27th Sept 2016, this is the first such analysis of CSR spend of this large number of companies in FY 2015-16. These 250 companies account for more than 1/3rd of total CSR spend in India, making it a big sample size for any such study and analysis.

The 250 companies presented in this report were selected on the basis of following few criteria:

I. The prescribed CSR spend for FY 2015-16 was more than INR 1 Cr.II. Availability of the last year’s annual report of the company by 30th Aug 2016III. Representation of all the sectors (as per the BSE listing) in the sample sizeIV. Availability of the required data in the annual report (as some companies have not disclosed vital information of CSR projects in their Director’s report.)

© 2016 ngobox.org 1

Sector Representation in the Report

Banking and Finance

Chemical & Fertilizers

Computer (Hardware and Software)

Pharmaceuticals

Oil,Drilling & Refinery

Steel (all)

Infrastructure

Construction

Engineering

Auto & Ancillary

Textile

Telecommunication

Others


Key Insights250 Companies in the study (INR Cr)

Prescribed CSR (Cr.) 7143

Actual CSR spend (Cr.) 6578

Actual CSR spend in percentage (to prescribed CSR) 92.1%

Change in actual CSR spend from FY 2014-15 (in percentage) +13%

There is substantial improvement in the actual CSR spend to prescribed CSR in FY 2015-16. While it was 79% in FY 2014-15, it has increased to 92% in last financial year.

No. of companies in the study 250

Total no. of projects implemented 2862

No. of Public Sector Enterprises 22

PSU’s share in Total Actual CSR spends 30% (INR 2140 Cr)

Actual CSR Spent

Unspent CSR Budget


Actual to Prescribed CSR Spend: CSR Compliance Meter!Almost one third of the companies spent more than the prescribed CSR while one fifth of the companies spent exactly as the prescribed CSR.

Actual CSR Spent Range No. of companies

More than the prescribed CSR 93

Exactly as prescribed 52

66% to 99% of the prescribed 47

33% to 66% of the prescribed 39

Less than 33% of the prescribed 19

58% of the companies have spent either exactly as the prescribed CSR or more than the prescribed CSR. This is a good improvement from the FY14-15 where this percentage was 48%.

While in 2014-15, there were 3 companies who had not spent any single penny from the prescribed CSR budget, in 2015-16 all companies have spent certain amount from the CSR budget. This indicates that companies have become serious about the CSR and they are endeavoring to match the prescribed CSR requirements with the actual CSR spend. The fact that 58% of the companies spent exactly as prescribed or more than the prescribed, shows a lot of improvement in the CSR compliance level.


Top 10 Companies-By Actual CSR Spend (INR Cr)

Actual CSR Spent Prescribed CSR

ICICI Bank Ltd

Power Finance Corp Ltd

Infosy Ltd

National Mineral Development

Corporation

Tata Steel

ITC Ltd

Tata Consultancy Services Ltd

Oil & Natural Gas Corp Ltd

NTPC Ltd

Reliance Industries Ltd

172

These 10 companies together spent INR 3350 Cr in CSR while their prescribed CSR was INR 3064 Cr. This is almost 9% more than what the Section 135 asks for.

In 2014-2015 only Reliance Industries had spent more than the prescribed CSR among the top 10 performers. While in 2015-16, we see five companies, among the top 10, spending more than the prescribed CSR. This indicates that companies are ready to raise the bar for CSR projects.

However, our interaction with a few companies has raised one pertinent question- Do the shareholders allow companies to invest more than the prescribed budget on CSR! Social good beyond the legal provision still needs to be tested through the lens of shareholders as this is just the beginning for mandatory CSR and the landscape is still evolving.

212

196145

202256

210193

213150

248247

294360

421594

492350

652558


Sector-wise Performance (Actual CSR Spend in %) Actual CSR Spent to the Prescribed CSR (INR Cr.)

No. of companies

Prescribed CSR

Actual CSR

% of Actual to Prescribed CSR

Auto and Auto Ancillaries

5

249

249

100%

Banking & Finance

34

1369

1178

86%

Computers (Software and Hardware)

14

894

774

87%

Pharma-ceuticals

21

256

189

74%

Oil, Drilling & Refineries + Petrochemicals

8

1508

1368

91%

Steel (All)

8

294

378

128%


Top 20 Companies with Actual CSR Spend (INR Cr.) FY 2015-16

Company

Reliance Industries Ltd

NTPC Ltd

Oil & Natural Gas Corp Ltd

Tata Consultancy Services Ltd

ITC Ltd

Tata Steel Ltd

National Mineral Development Corporation

Infosys Ltd

Power Finance Corp Ltd

ICICI Bank Ltd

Wipro Ltd

Indian Oil Corp Ltd

State Bank of India

Axis Bank Ltd

Rural Electrification Corp Ltd

HDFC Bank Ltd

Larsen & Toubro Ltd

Hindustan Unilever Ltd

Bajaj Auto Ltd

Maruti Suzuki India Ltd

Prescribed CSR

557.78

349.65

593.70

360.00

246.76

150.00

193.28

256.01

145.09

212.00

156.00

141.50

143.92

163.03

128.00

127.28

101.46

91.94

86.46

65.40

Actual CSR

651.57

491.80

421.00

294.00

247.50

213.24

210.09

202.30

196.20

172.00

159.80

156.68

143.92

137.41

128.20

120.72

119.90

92.12

86.72

78.46

Actual CSR in %

117%

141%

71%

82%

100%

142%

109%

79%

135%

81%

102%

111%

100%

84%

100%

95%

118%

100%

100%

120%

* Actual to prescribed CSR in %


Thematic Priorities in CSRSchedule VII-Theme-wise number of companiesActual CSR Spent to the Prescribed CSR

Urban Slum Development

Rural Development Projects

PM Relief Fund and Others

Rural Sports, Paralympics and Olympic sports

Technology Incubation within academic institutions

Environment Sustainability

Benefits to Armed Forces veterans, war windows

Protection of National Heritage, Art & Culture

Women Empowerment and inclusive development

Education & Skills

Poverty Alleviation, Healthcare & WASH

0 50 100 150 200 250

5

108

36

56

11

140

12

54

89

229

219

Education (including skilling) and Healthcare (including WASH) themes have been favorites of companies for implementing CSR projects.

Rural sports promotion is the new area which is gradually becoming popular in CSR projects


Theme-wise number of projects

Thematic Area

Poverty Alleviation, Healthcare and WASH

Education and Skills

Women Empowerment and Inclusive Development

Protection of National Heritage, art and culture

Benefits to armed forces veterans, war widows

Environmental sustainability

Technology incubators within academic institutions

Rural sports, Paralympics and Olympic sports

PM Relief Fund and Others

Rural Development projects

Urban slum development

Admin Expenses

No. of projects

876

1189

171

87

16

345

15

88

44

206

10

-

INR Cr.

2142

2073

167

83

7

559

12

159

162

771

7

437

Theme-wise CSR Spend


CSR Fund in Healthcare and WASH (Total 219 Companies)

CSR fund

More than INR 10 Cr

INR 5 to 10 Cr

INR 1 to 5 Cr

INR 0.5-1 Cr

Less than 0.5 Cr

No. of companies

29

22

76

27

65

10 companies spent more than INR 50 Cr (each) in Healthcare and WASH projects

CSR Fund in Education and Skilling

CSR fund

More than INR 10 Cr

INR 5 to 10 Cr

INR 1 to 5 Cr

INR 0.5-1 Cr

Less than 0.5 Cr

No. of companies

44

22

87

37

39

9 companies spent more than INR 50. Cr.(each) in Education and Skill Development projects


Geographic Distribution of CSR FundTop 10 States (CSR Fund Flow-wise-INR Cr.)

Maharashtra986

Karnataka337

Tamil Nadu319

Maharashtra, West Bengal and Andhra Pradesh together get one-fourth of India’s Total CSR Fund

Rajasthan342

Andhra Pradesh - 417

Gujarat343 West Bengal - 571

15%

8.7%

6.3%

5.2%

5.2%

5.1%

4.8%

4%

Madhya Pradesh265

4.4%

Telangana - 292

Odisha - 2914.4%


States where more than 100 Companies implemented CSR Projects(In alphabetical order)

State

Andhra Pradesh

Delhi

Gujarat

Haryana

Karnataka

Maharashtra

Rajasthan

Tamilnadu

Uttar Pradesh

West Bengal

No. of companies

104

115

131

104

124

162

106

133

108

111

No. of CSR Projects

566

473

711

387

600

1105

481

625

472

467

ObservationsIt has been interesting for our Research Team to work on ‘India CSR Outlook Report’ for past two years. This year our Team studied 475 companies’ annual CSR report before finalizing on the 250 companies based on the criteria mentioned at the beginning of this report.

There are a few interesting observations that we would like to share:

Overall quality of reports and availability of data has improved a lot from the last year and companies have become more serious at CSR reporting front.

Despite the fact that the Section 135 of the Companies Act mandates companies to prepare CSR report (as part of the annual report) in a particular format, more than 30 companies have not followed the format and went on hiding (moreover ignoring) crucial information like project location, implementing partners, project specific budget and spend etc.

We see a lot of discrepancy in the reported data when accounting for actual CSR spend and project-wise CSR spend of companies.

A few companies spent the unspent amount of last year’s CSR budget in this financial year (15-16) and have calculated it as the actual CSR spend of FY 15-16, taking their actual CSR spend much higher than the prescribed CSR of this FY. We had to sanitize the data to present the clear picture of this financial year.

Even though the Section 135 of the Companies Act mandates companies to give names of the implementing partners in the report, many companies have not given the names of implementing partners and have used the term ‘NGO partner’ or ‘various NGOs’ .


About NGOBOX

NGOBOX (a venture of Renalysis Consultants Pvt Ltd) is a development communication platform helping companies, CSR foundations, NGOs and social enterprise to network, communicate and find resources online and offline. We are a leading CSR research platform in the Country with over 30 data-reports on CSR in India. We help companies and CSR foundations to identify credible CSR implementing agencies based on thematic and geographic priorities, at the same time we help NGOs and social enterprises to build capacities to match with the expectations of companies when it comes to implementation of CSR projects.

With the verified database of over 56000 non-profits, CSR Teams and social enterprise, we present immense opportunities for organizations to promote their products/services with one-click promotion and outreach. Some of our clients are WHO India, UNICEF, NASSCOM Foundation, Tata Steel, IIM-B, Deshpande Foundation, ITC, HCL Foundation etc. To know more about us, please visit www.ngobox.org

Contact us at : [email protected] (+91-9560352170)

©Renalysis Consultants Pvt Ltd (NGOBOX)


List of 250 Companies in the Report

No. Company Prescribed CSR Spending FY 2015-16

Actual CSR Spending FY 2015-16

Prescribed CSR Spending FY 2016-17*

1.675.6040.407.011.098.246.093.646.261.232.3810.578.6412.937.2733.751.341.835.1428.222.391.29163.0386.4621.311.606.8613.203.941.809.486.783.4425.23110.1014.03189.0025.50

Aarti Drugs LtdAbbott India LtdAdani Ports and Special Economic ZoneAditya Birla Nuvo LtdAgro Tech Foods LtdAIA Engineering LtdAjanta Pharma LtdAkzo Nobel India LtdAlembic Pharmaceuticals LtdAlkyl Amines ChemicalsAllcargo Logistics ltd.Amara Raja Batteries LtdApollo Hospitals Enterprise LtdApollo Tyres LtdArvind Ltd.Asian Paints LtdAstra Microwave Products Ltd.Astral Polytechnik LtdAtul Ltd.Aurobindo Pharma LtdAvanti FeedsAVT Natural ProductsAxis Bank LtdBajaj Auto LtdBajaj Finance LtdBajaj Finserv LtdBajaj Holdings and Investment LtdBalkrishna Industries LtdBalmer Lawrie & Co. Ltd.BASF India LimitedBayer CropScience Ltd/IndiaBerger PaintsBGR Energy Systems Ltd.Bharat Electronics LtdBharat Heavy Electricals LtdBharat Forge Ltd.Bharti Airtel Ltd.Bharti Infratel Ltd.

1234567891011121314151617181920212223242526272829303132333435363738

1.756.4540.817.400.544.966.393.526.260.886.6011.988.6412.969.6134.441.341.835.3118.764.280.96137.4186.7221.361.626.9113.203.950.669.484.380.397.8966.2012.5042.1520.94

1.856.5648.5513.60.9211.688.735.1910.611.362.312.468.9318.718.934.361.482.016.6839.243.451.03218.6694.0129.423.0520.9115.284.430.899.858.412.2229.7437.9623.16227.1545.03






8.104.771.341.391.9710.4616.46107.212.132.271.882.026.951.322.041.8016.538.4511.058.924.1813.1011.1813.1016.004.7617.258.595.033.921.2215.192.1620.3910.4041.885.131.74

Biocon LtdBirla Corp LtdBlue Star Ltd.Bombay Dyeing & Manufacturing Co Ltd- Amount NegBrigade EnterprisesBritannia Industries Ltd.Cadila Healthcare LtdCairn India LtdCan Fin Homes LtdCapital First Ltd.Carborundum Universal LtdCCL Products (India) Ltd.CEAT LtdCentury EnkaCentury Plyboards India LtdCera SanitarywareCESC LtdChambal Fertilizers & Chemicals LtdCholamandalam Investment & Finance Co. Ltd.City Union BankCoal India Ltd.Colgate-Palmolive India Ltd- report to be checkedCoromandel International LtdCrompton Greaves LtdCummins India LtdCyient LtdDabur India LtdDB Corp LtdDCM Shriram LtdDeepak Fertilisers & Petrochemicals Corp. Ltd.Deepak NitriteDewan Housing Finance Corp LtdDhanuka AgritechDivi's Laboratories LtdDLF LtdDr Reddy's Laboratories LtdeClerx Services LtdEdelweiss Financial Services Ltd

3940414243444546474849505152535455565758596061626364656667686970717273747576

8.104.351.180.312.0010.4616.4651.501.081.212.211.757.731.312.161.6616.589.0611.308.054.188.018.858.0113.734.7617.444.625.031.681.587.032.257.9310.4041.205.171.75

12.343.682.451.042.9317.0532.2968.423.322.943.132.329.711.652.982.0917.386.6213.8510.25303.9115.5811.243.0817.746.4120.349.436.514.091.4518.542.6122.9817.9940.636.462.68






1.972.351.819.4513.632.001.4114.893.7726.183.171.4817.1114.104.9614.222.181.994.0615.822.994.9414.261.2411.48127.2858.181.2731.006.0953.9291.94126.332.45212.001.3014.4154.88

EIH LtdElectrosteel CastingsElgi Equipments Ltd.Emami LtdEngineers India LtdEntertainment Network IndiaEssel PropackExide Industries Ltd.FDC Ltd.Federal Bank LtdFinolex Industries LtdGateway Distriparks LtdGlaxosmith klin PharmaceuticalsGlenmark Pharmaceuticals LtdGodfrey Phillips India LtdGodrej Consumer Products LtdGodrej Properties LtdGranules India LtdGraphite India Ltd.Grasim Industries LtdGreat Eastern Shipping Co LtdGRUH Finance Ltd.Gujarat State Petronet LtdHatsun Agro Products LtdHavells India LtdHDFC Bank LtdHero MotoCorp LtdHILHindalco Industries Hindustan Copper Ltd Hindustan Petroleum Corp LtdHindustan Unilever LtdHindustan Zinc LtdHT MediaICICI Bank LtdICRA Ltd.IDBI Bank Ltd- Amount negativeIdea Cellular

7778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114

1.822.353.869.9714.102.000.634.520.6412.303.531.4810.8711.934.9614.572.181.401.0315.052.192.261.371.2911.48120.7265.001.6834.147.6871.7692.1263.252.45172.001.309.4418.47

3.042.091.489.410.382.721.9916.194.2523.024.442.041823.055.0916.541.822.93.4119.387.816.0413.241.7514.37311.5970.61.0824.433.7183.38113.91172.333.92279.891.73073.03






23.407.587.311.26141.501.5311.4542.763.60256.012.079.51246.762.754.244.7227.3311.7324.423.0922.7451.222.711.952.206.799.5710.971.294.811.8347.333.905.964.822.44101.461.72

IDFC LimitedIFCI LtdIL&FS Transportation NetworksIndian Metals & Ferro Alloys- Amount negativeIndian Oil Corp LtdIndoco Remedies Ltd.Indraprastha Gas ltdIndusInd Bank LtdInfo Edge (India) LtdInfosys LtdIngersoll-Rand (India) LtdIpca Laboratories LtdITC LtdJ.B. Chemicals & Pharmaceuticals Ltd.J.K. Cement Ltd.J.K. Tyre Industries Ltd.Jammu & Kashmir BankJaypee Infratech LtdJindal Steel & Power Ltd- Amount NegativeJK Lakshmi CementJSW Energy LtdJSW Steel LtdJubilant FoodWorks LtdJyothy Laboratories LtdKalpataru Power Transmission LtdKansai Nerolac Paints Ltd.Karnataka Bank LtdKarur Vysya Bank Kirloskar ferrous Indiustries LtdKirloskar Oil Engines LtdKitex Garments LtdKotak Mahindra Bank LtdKPIT Technologies LtdKRBLLakshmi Machine Works LtdLakshmi Vilas BankLarsen & Toubro LtdLloyd Electric and Engineering

115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152

13.696.817.316.26156.680.644.4327.323.60202.302.114.80247.502.444.644.7628.4817.0026.713.1222.7951.362.231.890.705.294.892.051.304.933.2011.103.900.634.890.88119.900.34

18.312.156.380225.071.8812.1655.384.42343.291.897.3273.753.232.927.7621.763.2201.2823.740.923.513.035.1911.89.8611.81.434.172.6754.864.17.695.853.06137.721.76






54.154.793.1229.032.803.777.0711.1765.403.669.3413.602.7726.24193.284.291.423.582.6043.283.592.39349.657.373.47593.7033.444.364.606.1925.066.253.325.1412.793.04145.091.71

Lupin LtdMagma Fincorp Ltd.Maharashtra Seamless LtdMahindra & Mahindra Financial Services LtdMahindra Holidays & Resorts India LtdMahindra Lifespace Developers LtdManappuram Finance LtdMarico LtdMaruti Suzuki India LtdMcLeod Russel India LtdMindTree LtdMotherson Sumi Systems LtdNatco Pharma LtdNational Aluminium Co LtdNational Mineral Development CorporationNava Bharat Ventures LtdNavin Florine Int LtdNavneet Education LimitedNesco Ltd.NHPC LtdNIIT Technologies LtdNovartis India LtdNTPC LtdOberoi Realty LtdOCL India LtdOil & Natural Gas Corp LtdOracle Financial Services Software LtdOrient Cement LtdPage Industries LtdPersistent Systems LtdPetronet LNG LtdPfizer Ltd (India)Phoenix Mills Ltd.PI Industries LtdPidilite Industries LtdPolaris Financial Tech. LtdPower Finance Corp LtdPraj Industries Ltd

153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190

20.512.843.1529.052.802.449.1810.0278.464.359.372.262.8827.17210.094.351.953.602.6072.674.702.43491.805.453.97421.0024.843.510.806.205.966.440.363.8713.043.04196.201.96

68.384.132.2524.252.843.878.515.95100.41213.616.183.4427.56160.213.281.663.783.1450.714.421.95229.989.973.89549.1832.33.15.817.0421.66.533.536.7315.423.1166.651.5






3.887.339.374.434.92557.781.94128.002.7015.2537.891.8530.466.002.1711.572.406.50143.9257.201.613.202.661.7012.342.3513.85360.001.664.5028.292.74150.0041.408.971.6920.8816.41

Rallis India LtdRamco Cements LtdRashtriya Chemicals & Fertilizers Ltd.Ratnamani Metals and Tubes LtdRedington India LtdReliance Industries LtdRuchi Soya Industries LtdRural Electrification Corp LtdSharda Cropchem LimitedShriram City Union Finance Ltd.Shriram Transport Finance Co LtdSimplex Infrastructures LtdSJVN Limited Sobha Developers LtdSolar Industries India LtdSouth Indian Bank LtdSREI Infrastructure Finance LtdSRF LtdState Bank of IndiaSteel Authority of India LtdSterlite Technologies Ltd.Sundaram FastnersSuven Life Sciences LtdSwaraj EnginesTata Chemicals LtdTata Coffee Ltd.Tata Communications LtdTata Consultancy Services LtdTata Elxsi LtdTata Global Beverages LtdTata Power Co LtdTata Sponge Iron Ltd.Tata Steel LtdTech Mahindra LtdThermax LtdTimken India Ltd.Titan Co LtdTorrent Pharmaceuticals Ltd

191192193194195196197198199200201202203204205206207208209210211212213214215216217218219220221222223224225226227228

3.996.669.653.672.85651.570.36128.202.706.5018.731.9028.8715.012.232.301.358.75143.9276.162.231.701.811.6213.972.4713.85294.001.665.5329.012.74213.2446.9113.751.7017.4216.91

3.868.097.784.755.82619.910146.693.5816.1936.351.8333.945.772.7311.231.937.76328.4102.793.733.161.6814.832.8814.14514.743.3810.6327.822.19162.3367.278.942.219.6127.43






1.642.643.142.112.7857.822.916.517.8811.761.871.166.974.255.724.36156.001.2647.7522.144.671.98

Tribhovandas Bhimji Zaveri LtdTriveni Turbine LimitedTTK Prestige LtdTube Investments Of IndiaUflex LtdUltraTech Cement LtdUnichem Laboratories LtdUnited Breweries Ltd.UPL LtdVardhman Textiles Ltd.V-Guard Industries LtdVIP Industries LtdVoltas LtdVST Industries LtdWelspun India Ltd.Whirlpool of India LtdWipro LtdWonderla Holidays LtdYes Bank LtdZee Entertainment Enterprises LtdZensar Technologies LtdZydus Wellness Ltd

229230231232233234235236237238239240241242243244245246247248249250

0.662.643.222.733.7950.892.536.1011.565.011.871.206.874.255.724.37159.801.1329.5222.834.621.98

0.672.613.018.133.6558.122.97.7413.1914.892.381.67.724.5310.535.6204.311.4560.0224.775.522.01

*Companies’ income from overseas operations and any pending liability may change the prescribed CSR requirement of FY 2016-17, as these numbers have not been accounted in this estimation. The information is for education and sector-wise analysis purpose only. Users are requested to do prior verification before using the data for any study. We do not hold responsibility for the same.

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