Finance and Governance
FY 2020-21
SPENDS IN INDIA
Our Support For Social Change
In FY 2020-21 we contributed Rs 45.27 crores to empower communities across India. While our key focus remained on health initiatives, we prioritised our support to mitigate the Covid crisis.
All figures in Rs Crores
CSR SPEND
OVER THE YEARS
We have been expanding our partnerships and projects to serve communities in need and consistently meeting the 2% CSR target since 2017–18. Since the last five years, Cipla Foundation has contributed Rs 175 crores towards social change in India.
STRONG GOVERNANCE
ROBUST SYSTEMS
We work with credible institutions, non-governmental organisations (NGOs), government agencies, domain experts, visionaries and other philanthropic foundations (as permissible under CSR Rules) to enhance the outreach of our CSR initiatives. Cipla Foundation maintains the highest standards of compliance and due diligence, with robust auditing and monitoring mechanisms to govern our engagements with partners and stakeholders.
Code of Conduct
to guide us in doing the right thing
Implementation of Processes and Policies
to ensure operational effectiveness and clarity
Online Project Monitoring System
helps in measuring and monitoring deliverables as agreed to by partner organisations
Compliance Tool
enables us to manage our compliances
Multi-Auditing Approach
for review of CSR performance
OUR CSR GOVERNANCE STRUCTURE
BASED ON THREE PILLARS
CIPLA BOARD
Constitutes CSR Committee
Approves CSR Policy, Annual Action plan
Reviews and ensures fund utilisation as per approved plan
Monitors project implementation along with CSR Committee
CSR COMMITTEE
Recommends CSR Policy
Recommends Annual Action Plan and modifications, if any
Monitors project implementation through transparent monitoring and management mechanisms
Quarterly updates to Board
CIPLA FOUNDATION
Identifies CSR projects as per CSR Policy and proposes to the Committee
Implements and monitors project as per Board approval
Maintains robust mechanisms to ensure compliance with approved proposals, CSR policy and applicable laws
Periodic updates to CSR Committee