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CSR ACTIVITY BY LARSEN & TOUBRO

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CSR ACTIVITES UNDERTAKEN BY LARSEN & TOUBRO SUBMITTED BY BIDYUT BIKASH DAS SCHOLAR ID – 15/50/118
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CSR ACTIVITES UNDERTAKEN BY LARSEN & TOUBRO

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 Indianmultinational 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 FactoriesTransportation & InfrastructureMetallurgical & Material HandlingPower Transmission and DistributionHydrocarbon and ChemicalsGeo-StructurePowerInfo-techFinanceHeavy EngineeringEngineering Services---DOMS NIT SILCHAR---

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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 byNewsweekin the global list of green companies in the industrial sector.

Technological support in the launch and tracking systems for Mangalyaan.

Building of INS Arihant Indias first nuclear powered submarine.

The worlds longest heated and insulated oil pipeline.

The worlds 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.

---DOMS NIT SILCHAR---

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What IS ?

A companys 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 profitAny 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 trainersSupport skills training for the differently-abled & woman.Provide skills training in tool & die, painting, computer/ IT, automobile etc.

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Thrust area 2011 2012 2013 2014Education 88,972 128,365 221,700 242,024Health 307,155 374,398 427,626 517,837Skill building 16,728 40,78852,207 45,209Total 412,855 543,551701,533 805,070

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 2015Fund allocated 110 CR.Plans to build 5000 toilets with the tag line Sanitation for all- Toilets FirstIntegrated 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---DOMS NIT SILCHAR---

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REFERENCEShttp://www.larsentoubro.comhttp://www.larsentoubro.com/corporate/sustainability/sustainability-reportshttps://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://goo.gl/f3IaQThttp://goo.gl/Vlumm4

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