CSR ANALYSIS OF BSE BIG 370 COMPANIES (FY 2016-17) September 2016 Abridged Version www.ngobox.org Abridged version September 2017 www.ngobox.org. #IndiaCSRsummit @ngobox 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 2017 report is third such annual publication after 2015 and 2016. The report provides an in-depth analysis of CSR spend of big 370 companies in FY 2016-17. The report visualizes a few important curves of CSR landscapes in India, entirely based on the actual CSR spending data of these companies. While at the time of its release on 18th Sept. 2017, this is the first such analysis of CSR spend of this large number of companies in FY 2016-17.. These 370 companies account for more than 2/3rd of total CSR spend in India, making it a big sample size for any such study and analysis The 370 Companies selected in this report were selected on the basis of the following criteria: I. INR Cr or above prescribed CSR in FY 2016-17 II. Listed on BSE or subsidiary of a BSE-listed company III. Availability of data by 10thSept. 2017 Key Highlights No. of companies 370 Total no. of projects implemented 4176 No. of public sector companies 28 Interesting Insights • 1/3rd of the companies spent more than the prescribed CSR budget • Almost 1/4th of the companies fail to meet the prescribed CSR budget • 18% increase in the prescribed CSR budget from FY 2014-15 (beginning of CSR compliance) • Public sector companies spent more than the prescribed CSR (as a sector altogether) • 41% increase in actual CSR spent since FY 2014-15 and 8% since last financial year • Almost 20% of India’s actual CSR spent is in Maharashtra and Gujarat states only • Education projects received almost one-third of total CSR spent • Almost 1/3rd of companies go beyond compliance and spend more than the prescribed CSR © 2017 ngobox.org 1 Prescribed and Actual CSR Spent (All numbers are in INR Cr. ) Prescribed CSR 9275 Cr. Actual CSR 8446Cr. Actual CSR to prescribed CSR 91% Change in CSR compliance FY 2015-16 (in %) -1% Actual CSR Spent Unspent CSR Prescribed and Actual CSR Spent (All numbers are in INR Cr. ) © 2017 ngobox.org 2 CSR Spend Among Public Sector Companies Compliance: Companies and actual to prescribed CSR -1/3rd of the companies spent more than the prescribed CSR while 1/3rd spent less than the prescribed CSR © 2017 ngobox.org 3 Top 10 Companies by Actual CSR spent (INR Cr) Actual CSR Spent Prescribed CSR Wipro Ltd 186 176 Tata Steel Ltd 194 116 Indian Oil Corp Ltd 214 213 ITC Ltd 276 275 NTPC Ltd 280 228 Infosys Ltd 289 287 HDFC Bank Ltd 305 304 Tata Consultancy Services Ltd 380 446 Oil & Natural Gas Corp Ltd 526 536 Reliance Industries Ltd 659 620 Going beyond compliance in CSR (INR Cr.) Kitex Garments Ltd 6.1 2.7 Allcargo Logistic Ltd 5.7 2.5 Sobha Developer Ltd 15 5.8 Piramal Enterprises Ltd 32.8 9.2 UPL Ltd 23.8 4.9 © 2017 ngobox.org 4 Geographic Distribution of CSR Fund Top 10 States (CSR Fund Flow-wise-INR Cr.) Delhi 277 Rajasthan Uttar Pradesh 278 3% 222 3% 3% Gujarat 6% 537 5% 14% Odisha - 424 Maharashtra 4.4% 1148 Telangana - 218 5% 4% Andhra Pradesh - 379 Karnataka 447 Tamil Nadu 3% 290 © 2017 ngobox.org 5 Top Five Companies in Top 5 States Top 5 in Maharashtra INR Cr Reliance Industries Ltd 442.22 Bajaj Auto Ltd 67.92 Coal India Ltd. 55.28 Infosys Ltd 45.70 Mahindra and Mahindra Limited 34.05 Top 5 in Gujarat INR Cr Reliance Industries Ltd 41.63 Hindustan Petroleum Corp Ltd 29.21 Cadila Healthcare Ltd 29.17 Adani Ports and Special Economic Zone 27.00 Torrent Pharmaceuticals Ltd 25.62 Top 5 in Karnataka INR Cr Wipro Ltd 131.64 Infosys Ltd 65.26 Mphasis Ltd. 8.00 Biocon Ltd 7.69 JSW Energy Ltd 7.19 © 2017 ngobox.org 6 Top 5 in Odisha INR Cr Mahanadi Coalfields Ltd 166.60 Tata Steel Ltd 80.81 Infosys Ltd 27.51 Wipro Ltd 19.40 Larsen & Toubro Ltd 7.61 Top 5 in AP INR Cr Indian Oil Corp Ltd 63.00 Reliance Industries Ltd 28.02 Amara Raja Batteries Ltd 16.00 Aurobindo Pharma Ltd 9.45 Mahindra and Mahindra Limited 8.45 © 2017 ngobox.org 7 Sector-wise Performance (Actual CSR Spend in %) Actual CSR Spent to the Prescribed CSR (INR Cr.) Auto and Auto Ancillaries 86% Computer Software/IT 87% Auto & Ancillaries 100% Banking & Finance 86% Metal, Mineral and Mining 85% Pharmaceuticals 82% 0 20 40 60 80 100 120 Auto and Auto Banking & Power Computers Metal, Mineral Pharmaceuticals Ancillaries Finance Generation & (Software and and Mining Distribution Hardware) Prescribed CSR 464 1717 572 1254 703 383 Actual CSR 464 1474 657 1091 598 314 % of Actual to 100% 86% 115% 87% 85% 82% Prescribed CSR © 2017 ngobox.org 8 Theme-wise number of projects Thematic Area INR Cr No of Projects Education & Skills 2973 1598 Poverty Alleviation, Healthcare and WASH 2131 1260 Rural Development 1091 433 Environment Sustainability 795 433 Protection of Heritage & Art 190 110 Rural Sports and Paralympic 181 115 Gender Equality and Women Empowerment 146 177 Technology Incubation 45 11 Benefits to Armed Forces Veteran 32 17 Others (Projects, Admin, Misc) 862 Not applicable Theme-wise CSR Spend 2% Education & Skills 2% 11% 2% Poverty Alleviation, Healthcare and WASH Rural Development 35% 10% Environment Sustainability Protection of Heritage & Art Rural Sports and Paralympic 13% Gender Equality and Women Empowerment 25% Others (Projects, Admin, Misc) © 2017 ngobox.org 9 Project Implementation Mode Project implementation mode (% of CSR fund) 20% Direct (By Company CSR Foundation 55% Implementation Partners 25% CSR Compliance Level - in Companies 14% CSR fund % of Companies 29% More than the Prescribed 29 24% Almost the Prescribed 33 50-99% of the Prescribed 24 Less then 50% of the Prescribed 14 33% © 2017 ngobox.org 10 List of Companies (In alphabetical order) No. Company Sector 1 63 Moons Technology Ltd. Software 2 A Tinplate Company of India Ltd. Metal & Non Ferrous 3 Aarti Drugs Ltd. Pharmaceuticals 4 Abbott India Ltd. Pharmaceuticals 5 Adani Gas Ltd. Oil Drilling and Exploration 6 Adani Ports and Special Economic Zone Infrastructure-General 7 Aegis Logistics Ltd. Transport & Logistics 8 AIA Engineering Ltd. Engineering – Heavy 9 Ajanta Pharma Ltd. Pharmaceuticals 10 Akzo Nobel India Ltd. Paints and Varnishes 11 Alembic Pharmaceuticals Ltd. Pharmaceuticals 12 Alkyl Amines Chemicals Chemicals 13 Allcargo Logistics Ltd. Transport & Logistics 14 Amara Raja Batteries Ltd. Auto Ancillaries 15 Apollo Tyres Ltd. Tyres 16 Arvind Ltd.. Textile- Denim 17 Ashok Leyland Ltd. Auto - LCVs & HCVs 18 Asian Paints Ltd. Paints and Varnishes 19 Astra Microwave Products Ltd. Telecommunications - Equipment 20 Astral Polytechnik Ltd. Plastics 21 ATUL Auto Ltd.. Auto - 2 & 3 wheelers 22 Atul Ltd.. Dyes and Pigments 23 Aurobindo Pharma Ltd. Pharmaceuticals 24 Avanti Feeds Aquaculture 25 Avenue supermarts Ltd. Retail 26 AVT Natural Products Eduble Oils & Solvent Extraction 27 Axis Bank Ltd. Banks-Private Sector 28 Bajaj Allianz General Insurance Company Ltd. Finance- General 29 Bajaj Auto Ltd. Auto - 2 & 3 Wheelers 30 Bajaj Electricals Ltd. Domastic Appliances 31 Bajaj Finance Ltd. Finance -Leasing and Hire Purchase 32 Bajaj Finserv Ltd. Finance-Investments 33 Bajaj Holdings and Investment Ltd. Finance-Investments 34 Balkrishna Industries Ltd. Tyres 35 Balmer Lawrie & Co. Ltd. Packaging 36 Bata India Ltd.. Leather Products 37 Bayer CropScience Ltd./India Pesticides & Agro Chemicals 38 Berger Paints Ltd. Paints and Varnishes © 2017 ngobox.org 11 List of Companies (In alphabetical order) No. Company Sector 39 BGR Energy Systems Ltd. Infrastructure-General 40 Bharat Coking coal Ltd. Mining 41 Bharat Electronics Ltd. Electricals 42 Bharat Financial Inclusion Ltd. Finance- General 43 Bharat Forge Ltd.. Castings and Forgings 44 Bharat Heavy Electricals Ltd. Infrastructure-General 45 Bharat Petroleum Corporation Ltd. Refineries 46 Bharti Airtel Ltd. Telecommunications Service 47 Bharti Infratel Ltd. Telecommunications Service 48 Biocon Ltd. Pharmaceuticals 49 Birla Corp Ltd. Cement Major 50 Blue Star Ltd. Consumer Goods- White Goods 51 BOSCH India Ltd. Auto Ancillaries 52 Brigade Enterprises Construction & Contracting 53 Britannia Industries Ltd. Food Processing 54 Cadila Healthcare Ltd. Pharmaceuticals 55 Can Fin Homes Ltd. Finance-Housing 56 Capgemini Technology Services India Ltd. Computer- Software 57 Capital First Ltd. Finance – General 58 Capri Global Capital Ltd. Finance- General 59 Carborundum Universal Ltd. Abrasives 60 CCL Products (India) Ltd. Plantations-Tea and Coffee 61 CEAT Ltd. Tyres 62 Central Coalfields Ltd. Mining and Minerals 63 Century Enka Textile- Manmade 64 Century Plyboards India Ltd. Miscellaneous 65 Cera Sanitaryware Ltd. Ceramics & Granite 66 CESC Ltd. Power Generation and Distribution 67 CG Power & Industrial Solutions Ltd. Electric Equipment 68 Chambal Fertilizers & Chemicals Ltd. Fertilisers 69 Cholamandalam Investment & Finance Co. Ltd. Finance -Leasing and Hire Purchase 70 Cipla Ltd. Pharmaceuticals 71 City Union Bank Banks-Private Sector 72 Coal India Ltd. Mining and Minerals 73 Colgate-Palmolive India Ltd. Personal Care 74 Container Corporation of India Ltd. Transport & Logistics 75 Coromandel International Ltd. Fertilisers 76 Crompton Greaves Ltd. Electric Equipment © 2017 ngobox.org 12 List of Companies (In alphabetical order) No. Company Sector 77 Cummins India Ltd. Engines 78 Cyient Ltd. Computers – Software 79 Dabur India Ltd. Personal Care 80 DB Corp Ltd. Media and Entertainment 81 DCB Bank Banks-Private Sector 82 DCM Shriram Ltd. Diversified 83 Deepak Nitrite Ltd. Chemicals 84 Derdging Corporation of India Ltd. Shipping 85 Dewan Housing Finance Corp Ltd.