L&T was founded in 1938 by two Danish engineers in India and contributed to India's development, including support during World War 2. Its CSR policy focuses on poverty alleviation, education, health, gender equity and the environment. It spends over the legally required 2% of profits on CSR initiatives in areas like education, healthcare, and community development. Initiatives include early childhood education, health camps, and literacy programs. Beneficiaries see positive impacts on issues like confidence, awareness of health and nutrition issues, and access to services. The report recommends L&T increase awareness of its philanthropic work.
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L&T
1. CSR Project on
L&T ltd.
By Group 12:
Arushi Kohli, Ayush Pratap Singh,
Bhanu Pathak, Chirag Jaswal, Diksha Gupta
2. Founded by two Danish engineers in 1938, taking refuge in
India.
Contribution in Second World War
Foreign collaborations
In December 1950, became a public company
3. Salient Features of
CSR Policy
Responsible sourcing of materials and supplies
Environmental protection and management
Upholding social equity, gender equity
Other human rights goals
Collaboration with NGOs
4. Thematic Areas
1. Poverty & Hunger
2. Education
3. Women Empowerment
4. Child Mortality
5. Maternal Health
6. Health
7. Environment
8. Development
*Response to Covid-19
5. CSR Spending
Particulars 2017-18 2018-19 2019-20
Average Net Profit 5023.91 6073.54 7239.43
Fund to be invested as per law 97.29 121.47 144.47
Actual expenditure(%) 2.07% 2.003% 2.01%
Actual expenditure 100.92 121.68 145.29
Amount in Crore (INR)
6. Early Childhood Education
Programme
Improving learning
outcomes
Science Education
Digital Literacy
Sports for Excellence
Reach
7. Confidence building begins from
Library
I can see a difference
between children who are
part of this group and the
ones who are not. While
other children are quite shy
and run away when they see
an unknown person coming
to interact with them, those
children who are part of the
library group can face an
outsider without fear.
-Vijay
9. Geetas journey towards a
healthy pregnancy
I was not aware about
these tablets and never
considered it an important
aspect for my health and my
childs future. But now I am
completely focused on being
healthy for myself and my
children.
- Geeta
10. Conclusion & Recommendation
L&T has contributed a lot to the society in various sectors with their
continuous beneficiary projects and we hope it will increase its spending in
philanthropic activities in near future.
We recommend it to spread awareness about its philanthropic work as it is
contributing on a large scale in its own capacity( like in pandemic) without
being in the public eye.