Company: Titan Industries Ltd
Income 2005-2006 = Rs 1000 Cr (rounded off)
Net profit after tax (05-06) = Rs 25 Cr (rounded off)
Karmayog CSR Rating- 4/5
CSR activities:
We believe that Corporate Social Responsibility is not an externalised activity nor is it only philanthropy. It is an internal process reflecting the soul of the Company.
Titan’s Community Development Policy – Experiencing the joy of sharing.
“Titan’s initiatives will improve the quality of life of the communities in which it operates. Titan will build partnerships for the social development of the communities in which it operates. Titan will focus on initiatives, which can be sustained by the communities in which it operates”.
Titan has holistically integrated the CSR process and has programs covering the following:
Employing the physically challenged.
Women’s empowerment. Partnering with self help groups amongst rural women for outsourcing components, bracelets – the Meadow Project with Myrada.
The Titan school and the Titan Foundation for Education – a primary school currently enrolling 300 students.
The Titan Scholarship – meant for students in Dharmapuri and Krishnagiri based on the criteria of academic performance and socio-economic background.
The Titan Township -building a sustainable community in Hosur providing a home to 1300 residents.
Community Development Forums – Eye care camps, Eye donation initiatives – Aids Awareness- Programs for the differently abled – No tobacco drive, Children’s programs.
Volunteering in Hosur, Corporate Office as wells as Regions.
Partnering with NGOs like CRY, Concern India and Ashraya.
Improving the quality of life for children – the TATA -TCCI -TITAN Bal Bhavan Children’s park project at Cubbon Park, Bangalore.
The community appreciated and recognized us by awarding us:
The Government of Tamil Nadu’s award for being the “Largest Employer of the handicapped”. This award was conferred on us in the years 1993 and 1996.
The Mother Teresa award for the best Corporate Citizen in 1998.
The Helen Keller Award in 1999.
FICCI-SEDF award in 2001-02 for Social Responsibility.
The Rotary Club of Bangalore Award for the Corporate Citizenship.
The Mother Teresa, Helen Keller and the Rotary Awards for Corporate Citizenship.
The PHDCII Award for Good Corporate Citizenship.
Titan and the Environment – ISO 14001 but going beyond Compliance
Titan’s products and services have very little or marginal impact on the environment. Titan adheres to all related legal and statutory requirements. The Company is also extremely conscious of environmental issues and has been recognized in this regard by the Hosur Industries Association. The Company’s environment control results are continuously monitored with respect to both TNPCB and International Finance Corporation (World Bank) norms. The Company has been certified under ISO 14001 EMS standards.
Initiatives taken:
� Minimizing the use of cyanides in plating by adopting non-toxic PVD technology.
� Eliminating the use of ozone-depleting substances ahead of the Montreal Protocol deadline.
� Minimizing the use of plastic packaging with eco-friendly materials.
� Adopting Vermi-composting for the conversion of garden / vegetable waste in to useful manure.
� Piloting the study of conversion of industrial waste into useful civil materials.
� Promotion of rainwater harvesting at manufacturing locations.
� Waste water treatment with efficient effluent treatment and use for industrial cleaning and gardening.
� Recycling brass scraps. � Rainwater harvesting in 3 manufacturing locations.
Results:
� Energy consumption per watch reduced by 41%.
� Cumulative Energy savings – 26 Lac kwh.
� Water consumption per watch down by 47%.
� Daily plant water consumption reduced by 28%.
� Brass scrap recycling back to process – saving during 2002 – 03 Rs.62 Lacs
� Adhering to all Statutory norms. As a culmination of all these initiatives, we received The Golden Peacock- Environment Management Award 2003 – at the 5th World Congress on Environment Management.
Titan Industries is a signatory to the Global Compact and is committed to the implementation of the 10 principles of the Global Compact. Titan Industries is also guided by the principles of the Global Reporting Initiative.
There is a process of continuous dialogue and feedback with employees, respective departments and business partners, to ensure adherence. E.g. Labour standards are complied with as per the laws of the land and there is no evidence of any employment of child labour.
The management of Business Ethics is facilitated by compliance of the Tata Code of Conduct.
The Company’s credo towards CSR:
Social Responsibility-an initiative today, a mandate tomorrow. Bringing a smile to the community creates customer affection ensuring sustainability.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Titan Industries Ltd
Golden Enclave, Tower A,
Airport Road,
Bangalore 560 017,
Phone: +91(80) 2526 8551, 5660 9000
Fax: +91(80) 2527 5756
Email: webmaster@titan.co.in
Web address : http://www.titanworld.com