Tatsat Chronicle Magazine

India Inc. spent over Rs 1,600 crore on pandemic-related CSR in FY 2020-21

September 14, 2021
Picture Credit: (Flickr, Trinity Care Foundation)

A study of over 350 public listed companies conducted by CSR knowledge and impact intelligence portal CSRBOX reveals that Indian companies launched over 750 social responsibility initiatives to combat the second Covid-19 pandemic wave. 35 per cent of them are in Maharashtra, Gujarat, Karnataka, and Uttar Pradesh.

Around 57% of the CSR initiatives to combat the second wave were targeted at direct beneficiaries, Covid-infected people.

More than 400 of the initiatives were mainly aimed at procuring medical supplies, ventilators, and safety gear for people coming in direct contact with the deadly virus.

According to the report titled “CSR Response to COVID 2.0”, corporate India provided over 200 oxygen plants, set up more than 75 makeshift hospitals and Covid wards with over 10,000 beds, 3,500 ventilators and 140,000 oxygen concentrators.

According to the report, 33 companies contributed more than Rs 150 crore to conduct community awareness activities across 17 states.

Bhomik Shah, founder and CEO, CSRBOX said, “Corporates have responded to Covid with great urgency and remarkable flexibility, fast-tracking CSR project approvals for the timely procurement of essential medical supplies, working in tandem with central, state governments and local agencies. We have witnessed unprecedented involvement by corporate India in responding to the situation on the ground.”

The report by CSRBOX aims to analyse the diversity of corporates’ CSR response to Covid-19. It also sheds the light upon the nature, quantum, and geographical expanse of the CSR response in India.

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