Snapshot of CSR Spend in Privately - Owned Companies in India- CSRBOX
 
 
 
 
 
 
 

Snapshot of CSR Spend in Privately - Owned Companies in India

By NGOBOX and CSRBOX On 26 June 2018
 
 

This report is the second report in the series of understanding CSR spend and priorities among privately-owned companies in India. The first report ‘India CSR Outlook Report 2017-Unlitsed Companies’ was released by NGOBOX and CSRBOX in April 2017. We had received an overwhelming response and encouraging feedback for the first report from policy-makers, CSR professionals, government agencies, non-profits and social businesses.

Moving away from the usual target of the CSR spend analysis; the large companies, this year we focused on relatively smaller companies (by CSR budget) and tried to understand how mandatory CSR is practised among these companies.

The report looks at CSR portfolio of (financial year 2016-17) 100 privately-owned companies largely fulfilling following criteria:

  • Privately-owned company
  • Prescribed CSR in the range of INR 0.50 Cr. To 15.0 Cr
  • Availability of the CSR data as per the Section 135 of the Companies Act

The report is a representation of how relatively medium companies are imbibing CSR compliance and what are the thematic CSR priorities among these companies.  The report helps in understanding the thematic and geographic preferences and concentration of CSR projects along with the mapping of the implementation models. 


Highlights of the Report

  • Overall actual CSR spent is slightly more than the prescribed CSR among privately-owned companies
  • On an average a company supports 5 to 6 projects in a year
  • 1/3rd of companies are spending more than the prescribed CSR while almost 1/3rdof the companies miss to comply with the mandatory CSR requirements
  • Medium companies prefer to implement projects through an implementation partner. Almost 3/4th of CSR projects were implemented through implementing agencies
  • Education and skills development is the most preferred thematic area with more than 50% of CSR fund spent on projects under the theme
  • Maharashtra received 23% of the total CSR fund, followed by Karnataka and Gujarat with 12% and 9% respectively
  • Top 4 states Maharashtra, Karnataka, Gujarat and Haryana together receive more than 50% of India’s privately-owned companies CSR fund

This report is the second report in the series of understanding CSR spend and priorities among privately-owned companies in India. The rst report ‘India CSR Outlook Report 2017-Unlisted Companies’ was released by NGOBOX and CSRBOX in April 2017. We had received an overwhelming response and encouraging feedback for the rst report from policy-makers, CSR professionals, government agencies, non-prots and social businesses. Moving away from the usual target of the CSR spend analysis; the large companies, this year we focused on relatively smaller companies (by CSR budget) and tried to understand how mandatory CSR is practised among these companies. The report looks at CSR portfolio of (nancial year 2016-17) 100 privately-owned companies largely fullling following criteria: • Privately-owned company • Prescribed CSR in the range of INR 0.50 Cr. To 15.0 Cr • Availability of the CSR data as per the Section 135 of the Companies Act The report is a representation of how relatively medium companies are imbibing CSR compliance and what are the thematic CSR priorities among these companies. The report helps in understanding the thematic and geographic preferences and concentration of CSR projects along with the mapping of the implementation models. Highlights of the Report • Overall actual CSR spent is slightly more than the prescribed CSR among privately-owned companies • On an average a company supports 5 to 6 projects in a year • 1/3rd of companies are spending more than the prescribed CSR while almost 1/3rd of the companies miss to comply with the mandatory CSR requirements • Medium companies prefer to implement projects through an implementation partner. Almost 3/4th of CSR projects were implemented through implementing agencies • Education and skills development is the most preferred thematic area with more than 50% of CSR fund spent on projects under the theme • Maharashtra received 23% of the total CSR fund, followed by Karnataka and Gujarat with 12% and 9% respectively • Top 4 states Maharashtra, Karnataka, Gujarat and Haryana together receive more than 50% of India’s privately-owned companies CSR fund

For full report, please click here

 
Tag : India CSR CSR in India Private Companies CSR CSR Projects in India
 
 
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