Tata companies spend Rs.660 crores on CSR in 2013-14

Jamshedpur: Tata companies spent Rs. 660 crores in 2013-14 in Corporate Social Responsibility (CSR) activities which include a wide range of programmes in skills development, livelihoods, education, health and nutrition, bio-diversity and disaster relief.

Commenting on the Tata companies� CSR spend, 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.� Dr. Rajan, further added, �In the last three years, we have been spending at an average of Rs. 1000 crores per annum between the Tata trusts and our companies.

The specific figure for 2013-14 for the Tata companies is Rs.660 crores. In the last decade, our spend on CSR activities, between the Tata trusts and the Tata companies, has been in excess of Rs. 8000 crores.�

While each Tata company implements its own CSR programme, Tata Sons has recently established the Tata Sustainability Group (TSG).

The 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 150companies, across 60 countries and 540 locations.