FMCG company Hindustan Unilever (HUL) has spent Rs 142 crore towards various schemes of Corporate
Social Responsibility (CSR) activities and sustainable development programmes in FY-2019-20, with the
company registering a net profit of Rs 7109.88 crore for last three financial years.
According to the annual report released by the company, in the fiscal year 2018-19, HUL had spent Rs
126.45 crore as against its prescribed CSR expenditure of Rs 124.19 crore (2.4 per cent of Average Net
Profit of the company for last 3 financial years of Rs 6209.71 Crore) Detailing its expenditures on CSR activities, HUL stated that money was spent on Project Shakti, Swachh
Aadat, Swachh Bharat, Water Conservation project and Asha Daan.
The company states that its CSR activities have three major goals – help more than a billion people take action to improve their health and well-being; halve the environmental footprint in the making and use of products; and enhance the livelihoods of millions of people while growing the business.
During the current year, HUL expanded its CSR policy to include contribution in the area of maintenance
and development of road central medians and protection of flora and fauna of the public areas near the
company’s head office, its regional offices and factory locations along with contribution to Non
Academic Techno-park Technology Business Incubator (TBI) not located within an academic Institution
but approved and supported by Department of Science and Technology, Government of India.
During the year, the Company has spent an amount of Rs. 14.88 crore on Fair & Lovely Foundation and
Rs 60 lakh on Rin Shine Academy. However, these spends have not been considered for the purpose of
computing prescribed CSR spend of two percent of the Average Profits, the annual report states.
By: Murtuza Merchant