Corporate Philanthropy in Pakistan Survey of PUBLIC LISTED COMPANIES 2011 Pakistan Centre for Philanthropy Corporate Philanthropy in Pakistan Survey of PUBLIC LISTED COMPANIES 2011 Pakistan Centre for Philanthropy Acknowledgements Executive Summary Figure 1 Total Donations year (2000-11) 3,780 4,000 3,269 3,500 ) n o 3,000 i l l i 2,330 2,352 M 2,239 2,500 R K 1,865 P 2,000 ( 1,608 s n o 1,500 i t a n o 1,000 653 496 D 277 336 500 228 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 E x e c u t i v e s u m m a r y Table 1 Number of PLCs involved in Corporate Philanthropy Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Number of 263 268 282 287 283 299 329 290 277 307 276 285 Companies Giving Total Satmple 50 0 551 565 568 552 551 5 46 53 5 548 5 42 532 490 Percentage of Sample involved 53% 49% 50% 51% 51% 54% 60% 54% 51% 57% 52% 58% in Corporate Philanthropy C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Acronyms CEO Chief Executive Officer Co. Company CP Corporate Philanthropy CSOs Civil Society Organizations CSR Corporate Social Responsibility GDP Gross Domestic Product GoP Government of Pakistan HBL Habib Bank Limited KSE Karachi Stock Exchange Ltd. Limited MNCs Multinational Companies NGOs Non-Governmental Organizations PBT Profit Before Tax PCA Petroleum Concession Agreement PCP Pakistan Centre for Philanthropy PKR Pakistani Rupees PLCs Public Listed Companies PPL Pakistan Petroleum Limited SECP Securities and Exchange Commission of Pakistan PuLCs Public Unlisted Companies 1 The Survey The main objective of the study 'Corporate their giving trends and preferred medium of Philanthropy in Pakistan, a Survey of Public Listed channelizing the donations. It also presents a list of Companies, is to analyze the giving patterns the top 25 philanthropic PLCs in Pakistan, and their within the country's corporate sector, in terms of rankings. This survey is the eighth in the series volume, and its effectiveness, with respect to how pertaining to corporate philanthropy, and and where these philanthropic efforts are documents giving practices of the PLC universe for channelized. The report documents the quantum the year 2011. of giving by the Public Listed Companies (PLCs), PCP Corporate Philanthropy Awards T h e s u r v e y 01 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Figure 3 Percentage contribution of Top25 Giving PLC's in 2011 Contribution of Top 25PLCs (As a % of Total Giving) Other (As a % of Total Giving) 26% 74% Figure 4 Donations of top 25 giving PLCs by volume Figure 4 gives a pictorial representation of total donations plunged again to PKR 69 million in 2009. However, the top for the past decade and for the year 2011. The chart 25 companies donated at an average of PKR 112 million in shows variations in the average giving between 2007 and 2011 compared to PKR 104 million in the preceding year, 2009 where the average donations increased from PKR showing an increase of 7.7%. 59 million in 2007 to PKR 75 million in 2008, and Individual Rankings Table 7 Top 25 PLCs by Volume of Donations (2011) PKR Million RANK COMPANY PBT DONATIONS 1 Pakistan Petroleum Limited 48,364.6 844.0 2 HBL 32,031.6 253.0 3 Oil & Gas Development Co. Limited 90,982.2 220.5 4 Fauji Fertilizer Company Limited 33,166.1 204.0 5 Engro Corporation Limited (Formerly Engro Chemical) 11,459.0 117.0 6 Lucky Cement 4,320.5 89.8 7 Pakistan Services Limited 964.0 88.7 8 MCB Bank Limited 31,321.8 83.5 9 Shell Pakistan Limited 2,832.7 82.3 10 Faysal Bank Limited 1,478.1 75.1 11 National Bank of Pakistan 26,011.2 73.2 12 Nestle Pakistan Limited 6,502.9 62.7 13 Allied Bank Limited 15,108.5 61.3 14 Indus Motor Company Limited. 4,011.5 57.4 15 Pakistan State Oil 17,974.4 57.3 16 Arif Habib Corporation Limited (Arif Habib Sec Limited) 3,184.1 55.5 17 United Bank Limited 24,222.8 53.9 18 J.D.W. Sugar Mills Limited 2,179.7 48.9 19 Millat Tractors Limited 3,914.5 47.9 20 Pakistan Telecommunication Company Limited 11,413.9 46.6 21 Sapphire Fibres Limited 2,075.1 42.0 22 Sapphire Textile Mills Limited 1,774.0 38.5 23 The Hub Power Company Limited 5,424.8 37.6 24 Sui Southern Gas Company Limited 5,519.7 35.9 25 UniLever Pakistan Limited 5,925.2 34.3 TOTAL 392,162.8 2,811.2 R a n k i n g s 11 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S In order to compare the current year's ranking with that of last year, the top twenty-five giving companies for 2010 are listed with their volume of giving in Table 8. Table 8 Top 25 PLCs by Volume of Donations (2010) PKR Million RANK COMPANY PBT DONATIONS 1 Pakistan Petroleum Limited 34,528.2 519.1 2 HBL 25,057.3 395.2 3 Fauji Fertilizer Company Limited 16,309.8 255.0 4 Engro Corporation Limited (Formerly Engro Chemical) 8,277.0 136.0 5 Fauji Fertilizer Bin Qasim Limited 9,685.8 131.0 6 Pakistan Services Limited 605.1 125.8 7 National Bank of Pakistan 24,415.1 121.1 8 Lucky Cement 3,417.5 104.1 9 Nestle Pakistan Limited 5,696.2 87.2 10 Askari Bank Limited 1,273.1 86.0 11 United Bank Limited 17,742.2 82.3 12 Bank AL-Habib 5,656.2 77.4 13 UniLever Pakistan Limited 4,780.3 63.7 14 Bank Alfalah Limited 1,368.7 63.5 15 Pakistan Tobacco Company Limited 1,418.0 42.6 16 J.D.W. Sugar Mills Limited 1,951.9 41.0 17 Allied Bank Limited 12,343.1 38.3 18 Habib Metropolitan Bank Limited 4,026.3 35.9 19 LOTTE Pakistan PTA Limited 6,711.5 35.5 20 Siemens (Pakistan) Engineering Company Limited 1,578.3 31.3 21 Shell Pakistan Limited 3,044.1 30.7 22 Sitara Chemical Industries Limited 610.0 27.9 23 Shifa International Hospitals Limited 320.5 27.3 24 GlaxoSmithKline Pakistan Limited 1931.7 25.7 25 International Industries Limited 1,359.3 25.2 TOTAL 194,107 2,608 Pakistan Petroleum Limited maintains its first position in of donations decreased by 35% from PKR 395.15 the rankings 4 years in a row. There is a 62% increase in million to PKR 253 million in 2011. The Oil and Gas the company's volume of donations this year. HBL stood Development Company Limited, rankedthird this year second for two consecutive years, although their volume with PKR 220.5 million in donations. Table 9 Top 25 PLCs by Volume of Donations as % of PBT (2011) PKR Million RANK COMPANY PBT DONATIONS % OF PBT 1 IGI Insurance Limited 56.6 22.2 39.2 2 Leiner Pak Gelatine Limited 1.0 0.4 36.4 3 Fateh Textile Mills Limited 5.0 0.9 18.5 4 Descon Chemicals Limited 1.2 0.2 18.0 5 Pak Datacom Limited 28.9 4.5 15.5 6 Pakistan Hotels Developers Limited 0.7 0.1 13.1 7 Cherat Cement Company Limited 55.2 5.8 10.5 8 Pakistan Services Limited 964.0 88.7 9.2 9 Al-Noor Sugar Mills Limited 59.9 5.5 9.1 10 Khairpur Sugar Mills Limited 46.4 3.3 7.1 11 ZIL Limited 33.1 2.3 6.8 12 Karam Ceramics Limited 12.2 0.8 6.3 13 Shifa International Hospitals Limited 367.5 20.0 5.4 14 Faysal Bank Limited 1,478.1 75.1 5.1 15 Pakistan Synthetics Limited 440.6 22.2 5.0 16 Ghandhara Industries Limited 7.8 0.4 4.5 17 Aruj Garment Accessories Limited 13.8 0.6 4.5 18 Premier Insurance Limited 90.0 4.0 4.5 19 Ados Pakistan 24.6 1.1 4.4 20 Sitara Chemical Industries Limited 609.9 24.9 4.1 21 Sitara Energy Limited 91.5 3.7 4.0 22 Sanghar Sugar Mills Limited 64.3 2.3 3.6 23 Fauji Cement Company Limited. 488.2 17.7 3.6 24 Ittehad Chemicals Limited 121.3 4.4 3.6 25 Service Industries Limited 534.6 18.6 3.5 R a n k i n g s 13 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Table 10 Top 25 PLCs by Volume of Donations as % of PBT (2010) PKR Million RANK COMPANY PBT DONATIONS % OF PBT 1 Karam Ceramics Limited 12.7 2.9 23.0 2 Pakistan Services Limited 605.1 125.8 20.8 3 Diamond Industries Limited 5.3 0.6 11.0 4 Askari General Insurance Company Limited 53.3 5.0 9.4 5 Thatta Cement Company Limited 1.8 0.2 8.8 6 Shifa International Hospitals Limited 320.5 27.3 8.5 7 Khairpur Sugar Mills Limited 37.7 3.2 8.4 8 First Paramount Modaraba 16.7 1.2 6.9 9 Askari Bank Limited 1,273.1 86.0 6.8 10 Leiner Pak Gelatine Limited 0.5 0.0 5.7 11 N.P.