Kerala has various ongoing biodiversity and education programmes by private firms
Talking about Kerala, the first things that flash on the mind are the magical backwaters, greenery, pristine beaches, spice and tea plantations and Ayurvedic therapies. Dubbed as ‘God’s Own Country’, one of the most beautiful states of India, Kerala is known for its backwaters and serene surroundings.
Located between the Western Ghats mountains and the Arabian Sea, scenic beauty of the tea gardens, beaches, waterfalls, houseboats, and wildlife sanctuaries make Kerala a preferred destination for tourists from other parts of India as well as from across the world.
As per data from National CSR portal, in the financial year 2021-22, the total CSR expenditure in Kerala has been Rs 234.01 crore, with a total of 415 companies donating their CSR funds across 15 districts of the state.
Top 3 districts
The top 3 districts to get CSR benefits in Kerala are respectively Ernakulam (amount spent towards CSR 82.88 cr), Thrissur (33.15 cr) and Thiruvananthapuram (19.9 cr). Palakkad, Kollam, Kozhikode, Kannur, Idukki, Kottayam and Alappuzha are some of the other districts enjoying CSR benefits in the state.
Top 3 sectors
The top 3 sectors in which most of the CSR activities have been performed in the state are
Environment, Animal Welfare, Conservation of resources (CSR spent 28.01 cr)
Top 3 companies
The top three companies spending for CSR in Kerala in FY 2021-22 are respectively Manappuram Finance Limited (20.93 cr), The Federal Bank Limited (17.81 cr), and Cochin Shipyard Ltd. (13.01 cr).
Manappuram Finance Limited
Manappuram Finance Ltd. is one of India’s leading gold loan non-banking finance companies (NBFC). Promoted by V.P. Nandakumar, the current MD and CEO, the origin dates back to 1949 when it was founded as a pawn broking and money lending firm in the coastal village of Valapad (Thrissur District) by his late father V.C. Padmanabhan. Incorporated in 1992, Manappuram Finance Ltd. has grown at a rapid pace.
The company mentions in its CSR policy, ‘We, at Manappuram Finance Ltd., believe that our business is built around strong social relevance of inclusive growth by supporting the common man in fulfilling their financial needs. We equally believe that creation of large societal capital is as important as wealth creation for our shareholders. As a responsible societal organization, we are committed towards the above objective and are keen on developing a sustainable business model to ensure and activate our future growth drivers.’
Highest spender for CSR in Kerala in the FY 2021-22, Manappuram Finance Limited has spent 20.93 cr towards CSR activities in the state focusing mostly on education and healthcare projects mostly in Thrissur.
Some of their major CSR initiatives in Kerala in FY 2021-22 include:
–The company has provided financial support to Type 1 Diabetics Foundation
— Expansion of campus and technology upgradation of Mageet Public School
— Provided financial support to local schools and underprivileged students
— Provided financial support to Chaithanya Special School
— Provided financial support to Salim Ali Foundation
Federal Bank
Federal Bank is personal, NRI and business banking partner for a growing expanse of customers across India. The Bank, which operates in urban as well as rural areas, is driven by the quest to be one of the most admired banking institutions in the country.
The bank focuses on values like commitment to excellence, agility, relationship orientation, ethics and sustainability. Corporate Social Responsibility is a major component of the operating philosophy of the Federal Bank Limited.
The CSR activities of the Bank are performed by Federal Bank Hormis Memorial Foundation, a charitable trust set up by the Bank in 1996, in memory of its Founder KP Hormis.
‘The Bank desires to make a meaningful contribution for the improvement of those people who are at the bottom of the social pyramid, and thereby act as socially conscious, well governed and successful corporate citizen of the country, maintaining highest standards of corporate governance with the cooperation and involvement of its employees, constituents, society, shareholders and other stakeholders including the Government,’ Federal Bank mentions in its CSR policy.
Second highest spender for CSR in Kerala in the FY 2021-22, Federal Bank has spent 17.81 cr towards CSR activities in the state.
Some of their major CSR projects in FY 2021-22 in Kerala include:
–Funding Covid 19 Ward At- Aluva District Hospital and providing CSR support to Lf Hospital, Angamaly
— Setting Up Orphanages – St Josephs Home, Pullazhy
— Supporting Vidyakiranam Project of Govt of Kerala
— Providing Flood Relief at Koottickal during flash floods and landslides
— Providing support schools and Gram Panchayats
Cochin Shipyard Ltd. (CSL)
Cochin Shipyard Ltd. was incorporated in the year 1972 as a fully owned Govt of India company. In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Ship repair industry.
As per the company’s CSR Policy, they focus mainly on Healthcare, Education, Empowerment, Ensuring environmental sustainability & Animal Welfare, Protection of National Heritage, Sports, Defence veterans, Recognised Relief & Welfare funds, Incubators and R&D Projects, Rural Development / Slum Area Development and Disaster management, including relief, rehabilitation and reconstruction activities.
Third highest spender for CSR in Kerala in FY 2021-22, CSL spent Rs 13.01 crore for the state.
—The company set up Centralised Oxygen Distribution facilities at 5 Government Hospitals. These include Taluk Hospitals at Fort Kochi, Palluruthy and Thripunithura, District Hospital Aluva and the General Hospital, Muvattupuzha.
— In association with the District Administration, CSL provided for a fully-equipped vaccine delivery vehicle in Wayanad District and also arranged for vaccination of the local residents, largely tribal population living in jungles.
— The company set up a surgical oncology centre in a Cooperative Sector Hospital in the city.
— The company has contributed towards procurement and operation of medical vans and ambulances to hospitals, social service organisations, old age homes and palliative care centres.
— The company has helped set up four model Anganwadis across the Aspirational District of Wayanad.
— As per guidelines issued by the Govt of India, each central Govt PSU is required to support Aspirational Districts as classified by the NITI Aayog, according to the status of each district as per the Human Development Index. CSL has adopted Wayanad, the sole Aspirational District in Kerala which has a predominant tribal population. The company mentions in its report for 2021-22 that they have worked on 10 projects in the Aspirational District and spent an amount of Rs 95 lakh.
Other companies contributing towards CSR in Kerala
HDFC Bank Ltd, Tata Consumer Products Ltd, FCI OEN Connectors Ltd, Kitex garments LTD, Irel (India) Ltd, Dr Reddy’s Laboratories Ltd, Cochin Shipyard Ltd, Kitex Childrenswear Ltd, Reliance Industries Ltd, Sobha Ltd, Muthoot Fincorp Ltd and are some of the other major companies spending towards CSR in Kerala.
