Tata companies spent Rs 660 crore on CSR in 2013-14
Odisha Sun Times Business Bureau
Bhubaneswer, July 22:
Tata companies have spent Rs 660 crore in 2013-14 in Corporate Social Responsibility (CSR) activities that include a wide range of programmers in skills development, livelihoods, education, health and nutrition, bio-diversity and disaster relief.
(source : Indian Express)
Commenting on the Tata companies’ CSR activities, Dr Mukund Rajan, member, Group Executive Council and Brand Custodian, Tata Sons, said, “CSR is not a practice but a tradition in the Tata group and is embedded in our corporate DNA. It is the group’s business approach that creates long-term stakeholder value by balancing economic, environmental and social factors.”
“In the last three years, we have been spending at an average of Rs 1000 crore per annum between the Tata Trusts and our companies. The specific figure for 2013-14 for the Tata companies is Rs 660 crore. In the last decade, our investment in CSR activities, between the Tata Trusts and the Tata companies, has been in excess of Rs 8000 crore,” he added.
While each Tata company implements its own CSR programme, Tata Sons has recently established the Tata Sustainability Group (TSG).
TSG will guide, support, and provide thought leadership to all Tata companies in embedding sustainability in their business strategies. TSG has also focused on volunteering programmes for Tata companies.
The pool of Tata volunteers at present comprises 25,000 employees in 150 companies, across 60 countries and 540 locations.
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