CSR ACTIVITES UNDERTAKEN BY LARSEN & TOUBRO

SUBMITTED BY BIDYUT BIKASH DASSCHOLAR ID – 15/50/118

COMPANY PROFILE

Larsen & Toubro (L&T) is a USD 15 billion Indian multinational conglomerate. It has business interest in engineering, construction, projects, manufacturing and

financial services. Founded in Mumbai in 1938 by two Danish engineers, Henning Holck-Larsen & Soren

Kristian Toubro. Present  Chairman is  A.M. Naik. L&T has over 130 subsidiaries and 15 associate companies. L&T has 11 virtual companies operate in different segments . They are :- Building and Factories

Transportation & Infrastructure Metallurgical & Material Handling Power Transmission and Distribution Hydrocarbon and Chemicals Geo-Structure Power Info-tech Finance Heavy Engineering Engineering Services

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Record of Achievements Forbes International ranked L&T as 9th most innovative company in the world.

 L&T was ranked 4th by Newsweek in the global list of green companies in the industrial sector.

Technological support in the launch and tracking systems for Mangalyaan.

Building of INS Arihant – India’s first nuclear powered submarine.

The world’s longest heated and insulated oil pipeline.

The world’s largest coal gasifier made in India and exported to China.

Engaged in building major new airports in Delhi, Mumbai, Bangalore, Hyderabad and internationally, in Sharjah, Oman.

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What IS ? A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates.

IMPORTANCE OF CSR ?Helps in strengthening the relationship between

companies and stakeholders.Provides additional motivation to employees. It enables continuous improvement and encourages

innovations.

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SPECIFIC FEATURES of COMPANIES ACT - 2013

CSR Act apply to all companies that have either of the following in any financial year -

Net worth of INR 500 crores or moreTurnover of INR 1,000 crores or more Net profit of INR 5 crores or more

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CSR policy should specify that the CSR corpus will include the following:

2% of average net profit Any income arising thereof Surplus arising out of CSR

activities

CSR POLICY OF L&TL&T has a CSR vision to uphold human values with sustainable community development. Focusing on the many challenges around project implementation L&T mainly focused in

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Water & Sanitation Create awareness on good health &

hygiene practices in schools, villages. Provide water management on building

check dams, Rain Water Harvesting. Providing toilet blocks in schools,

communities and homes.

EDUCATION Repair / build schools, classrooms,

libraries, science laboratories, playgrounds, boundary walls etc.

Providing e-learning, digital facilities in schools.

Providing books & other education related things.

HEALTH Build health centres with essential

facilities. Set up mobile clinics to provide

healthcare at the doorstep. Awareness building camps with access to

free screening. Awareness about AIDS & HIV

SKILL BUILDING Expand skill development centres and

provide support to youth and school drop-outs through other programs.

Develop qualified and experienced trainers

Support skills training for the differently-abled & woman.

Provide skills training in tool & die, painting, computer/ IT, automobile etc.---DOMS NIT SILCHAR---

Thrust area 2011 2012 2013 2014Education 88,972 128,365 221,700 242,024

Health 307,155 374,398 427,626 517,837

Skill building 16,728 40,788 52,207 45,209

Total 412,855 543,551 701,533 805,070

No Of Beneficiaries

CompAred to 2013 by 2014 the no of beneficiaries is increased by 14.75%.

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CSR ACTIVITIES IN THE YEAR 2015 Fund allocated 110 CR. Plans to build 5000 toilets with the tag line ‘Sanitation for all- Toilets

First‘ Integrated Community Development Project for rural communities in

Maharashtra. Power to the People. Project ‘SANKALP’ :- RECYCLING PAPER.

SUGGESTION TO L&T L&T should spend at least 2% of its profit in CSR. To promote sustainability in partnership with industry associations in order to have

a multiplier impact. They must constantly monitor and listen to the needs of the communities. L&T should motivated other companies by spending its fund in the CSR activities

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REFERENCES

http://www.larsentoubro.com http://www.larsentoubro.com/corporate/sustainability/sustainability-reports

https://en.wikipedia.org/wiki/Larsen_%26_Toubro

http://goo.gl/f3IaQT http://goo.gl/Vlumm4

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