The Annual CSR Tracker compiled by CII shows that a total of 1,522 listed companies spent Rs 8,897 crore, on corporate social responsibility activities in 2016-17 – an increase of about 9 % from the previous year. In fact, the number of BSE-listed companies required to fulfil the mandate has also increased to 1,522 in FY17 from under 1300 in in FY16.
The Annual CSR Tracker compiled by CII suggests a substantial increase in CSR spends as against FY16 in the areas of environment and ecology (66 % increase), gender equality (115 % increase), national heritage (153 %) and sports development (192 %). There was also a noteworthy increase in the CSR spend with respect to armed forces veterans in FY17 amounting to Rs 33 crore in comparison to FY16, where less than Rs 1 crore was spent, according to the report.
However, there was no CSR spend in the areas of technology incubation or slum development by a single public sector enterprise (PSE) in FY17.
Across all three years FY15-17, the industrialised states of Maharashtra, Gujarat and Tamil Nadu remained favoured destinations for CSR investment. In terms of industry categories, big increases in CSR spends in FY17 compared to previous years were reported in automobiles & auto components, construction materials, consumer durables, coal and other financial services, the report said.