Winners of the National CSR Awards 2019
India is the first country to make the Corporate Social Responsibility (CSR) mandatory in 2014 following an amendment to the Companies Act 2013. Before the Companies Act 2013, it was purely the company’s choice whether to involve in CSR activities or not.
With the amendment all the companies with a minimum net worth of INR 500 crore, turnover of INR 1,000 crore, or net profit of Rs 5 crore are required every year to spend at least 2% of their average profit for the previous three years on CSR activities. It has been five years since the law came into action and in order to commemorate the efforts taken by the companies the government announced the National CSR Awards.
The government of India hosted the first National Corporate Social Responsibility Awards (NCSRA) on 29th October 2019 in New Delhi. It was instituted by the Ministry of Corporate Affairs to recognize companies for their outstanding contribution in area of Corporate Social Responsibility (CSR) to achieve inclusive growth and inclusive and sustainable development. These awards are the highest recognition in the field of CSR given by the Government of India and was given by the President of India, Shri Ram Nath Kovind.
This year 528 entries were received for NCSRA. After shortlisting, 131 companies were invited for detailed submissions which were then followed by field verification of the claims made by the companies. Based on the submissions by the companies and reports of the independent assessment by CSR experts, Jury recommended 19 winners and 19 honorable mentions across the three award categories.
The 3 award categories were:
- Corporate Awards for Excellence in CSR
- Corporate Awards in CSR in Challenging Circumstances
- Up to Eleven Awards to be given based on contribution to National Priority Schemes so as to motivate corporates to spend in these areas
The awards were intended to increase competition in various categories of companies to infuse excellence in their CSR activities and encourage the companies to spend the entire prescribed CSR amount. The award also aims to recognize the innovation, usage of technology, gender and environment issues, sustainability, scalability and replicability of CSR activities.
Companies were awarded for their CSR projects across a range of categories including overall corporate excellence in CSR programs, for CSR programs conducted in challenging areas such areas affected by Naxal Operations and for CSR projects focusing on national priority areas such as drinking water, rural development, sanitation etc.
We are delighted to mention that two of clients were conferred with this prestigious award in different categories:
- Technip won an award for CSR in Challenging Circumstances - West India
- HDFC Bank Limited: Honourable mentions for Agriculture and Rural Development
Congratulations to all the winners!
Written by Akanksha
Akanksha works with the Insights and Intelligence team at Goodera. She works with different clients in developing the Sustainability Roadmap for them.