Apollo Tyres Ltd.
Sales (2007-2008) =Rs.3700 crores (rounded off)
Net profit after tax =Rs.220 crores (rounded off)
CSR Budget: Not available
Karmayog 2008 CSR Rating: 2/ 5
See Karmayog Comments below
CSR activities:
Health
- AIDS initiative is the biggest and most comprehensive programme at Apollo. Apollo Tyres health care clinics have been established in and around cities like UP , Tamil Nadu , Maharashtra , Rajasthan , New Delhi and other large transportation hubs in India. The clinics focus on diagnosis and treatment of sexually transmitted disease.
- Emergency Medical Services around their manufacturing locations in India
- Established Highway rescue project in Gujarat
- Plan to launch in Kerala
- Health camps and Medical assistance in villages surrounding the manufacturing location , generate awareness about deadly diseases like AIDS, Malaria, TB etc
- Provision of artificial limbs to war wounded soldiers.
Education
- Adult Literacy classes for villages.
- Skill development for women in villages with a view to making them self sustained members of the community. Tailoring classes are arranged on an ongoing basis and an Anganwadi (cr�che) was also provided to take care of the children from economically underprivileged families.
- Primary education in keeping with Millennium Development Goal in the villages involved awarding scholarships to support bright students from economically backward sections of society.
Infrastructure
- Maintenance of school building in the villages.
- Provision of computers to the schools in the village.
- Provision of water tank for the village as well as laying a pipe line to bring supply of drinking water for the 500 students of the Government Girls High School, Kodakara, Perambra.
Inclusive Growth
� Opportunity of self employment to war wounded soldiers.
Customer Promotion on safe drive
� Conducting Safe Drive campaign on the national expressways, which included checking the tyres for damages or wear patterns to ensure that they were safe for an expressway journey.
� Customers were also given Safe Drive booklets.
� 20 such Safe Drive campaigns have already taken place across the country this year. Twenty more are planned.
Environment
� Wind Energy project initiated six months back along with Suzlon, has enabled tapping into a 8 Megawatt Capacity of wind power, with an expected generation of approximately 1.70 million units of power every year.
� Technology Upgradation along with waste heat recovery has resulted in approximately 39,000 CERs being granted by UNFCCC.
� Steam energy to replace use of RLNG under an agreement with GAIL.The project,based on Waste Heat Recovery System from GAIL’s Gas Turbines exhaust, isconceived as a Clean Development Mechanism (CDM) project under Kyoto Protocol. This initiative would enable Apollo Tyres to generate 4 MW of Power and allow the two companies to save around 935 Million Kilo Calories of energy in producing process steam, thereby also avoiding formation of 55000 tonnes of CO per 2annum.
� Activities are continuously redesigned and shaped to suit the dynamic requirement of various programmes. Some activities will need to be managed through expert NGO’s. For the future, Apollo Tyres aims to further develop its alliances with the business community, educational institutions, social organisations and community gatherings to spread awareness and take action.
Awards
� Won the State Pollution Control Award for the Perambra Plant in 2007
� Special Jury Commendation at the Business world FICCI-SEDF CSR award 2007
Source: www.apollotyres.com/investors/annual-report.aspx ( Annual Report �07-�08 pg 50 /51)
Karmayog Comments: The Company has increased CSR initiatives since last year.
Contact Information:
Apollo Tyres Ltd
Cherupushpam Building ,6th floor
Shanmugham Road
Kochi-682031
Kerala
Phone no. : 0484-2381902
Fax : : 0484-2370351
Email : info@apollotyres.com
Website : www.apollotyres.com/
Industry Sector: Tyres
Products / Services: Passenger cars, SUV, Vans, Heavy and Light commercial vehicle
Other locations of factories / offices: Registered Office is in Kerala, Offices of the company are all round the country.
Previous year�s CSR activities & rating:
www.karmayog.org/csr500companies/csr500companies_7286.htm