Company: ABB Ltd
Income 2005-2006 = Rs 2300 cr (rounded off)
Net profit after tax (05-06) = Rs 154 cr (rounded off)
Karmayog CSR rating : 2/5
CSR activities:
- ABB in India won the prestigious Helen Keller award in 2005 for its innovative projects to help people with disabilities to obtain jobs. Besides employing disabled people,
- ABB supports an initiative with Prabodhini, a leading NGO in the western city of Nashik where mentally challenged students learn in a special workshop how to be productive.
- Among other activities, they are engaged in supplying sub-assemblies for ABB’s medium-voltage switchgear plant in the city.
- ABB is now extending this initiative to other locations in India where it has manufacturing sites.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage
Contact details
ABB Ltd
Khanija Bhavan
2nd and 4th Floor, East Wing
No. 49, Race Course Rd.
Bangalore – 560 001
TEL :+910918022949150
Web address: http://www.abb.com
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The data given below has been added after March 31st 2008 , and thus not included as part of Karmayog CSR Ratings 2007.
ABB Ltd. CSR 2007-2008
ABB seeks to help raise the quality of life in the communities where it operates and be an employer of choice Country offices and departments run a wide variety of programs benefiting individuals and communities Several thousand employees volunteer to be part of social projects and fund-raising schemes in different parts of the world
ABB is present in most parts of the world, priding itself on a local approach in global operations.Being close to a local community, and being perceived as a worthy partner and good corporate citizen, are an essential part of being �at home� in areas where the company operates. Employees are proud of their ability to contribute to disadvantaged people where they live, and volunteer in droves for short- and edium-term projects. Support takes a variety of forms: Refurbishing and supporting poor schools, helping disabled people by employing them at sub-assembly workshops in India, or by financing and helping to run centers for unemployed people and handicapped children in South Africa.
The list of projects is long. For example, ABB staff organize Christmas parcel collections in several South American countries and Canada; they run soup kitchens near three ABB plants in Brazil supporting 600 people every day; ABB in Norway is the main sponsor of a house in an SOS Children�s Village in Latvia; and in China, employees raised about one million Renminbi for a project to improve the housing of 1,000 elderly people in Shanghai. In the United States, a year-long donation drive ended with a $90,000 check being given to a children�s hospital in Wickliffe, Ohio, to support activities not covered by medical insurance. And in Canada, the company matched employees� generosity, raising a total of $180,000 for an organization which concentrates on community-building projects. ABB is also involved in environmental schemes: �Greening initiatives� see the company contributing to the improvement of parks and roadside verges in several countries; and in the United Arab Emirates the company sponsors and employees take part in a clean-up campaign.
Volunteer work is low-profile; self-satisfaction is the biggest reward. Sometimes, however, efforts are publicly recognized. In Italy, ABB won three prestigious corporate social responsibility awards in 2007 for the contributions of employees to social projects in Italy and Africa.
Supporting schools around the world
One of the ways ABB supports communities where it operates is through helping to build up and maintain schools. In India, ABB has �adopted� several government primary schools near its factories, providing materials to build classrooms and toilets, donating computers, ensuring medical attention and sponsoring a midday meal scheme � likely to be the only substantial food that many of the often underprivileged children eat during a day. Some 5,000 children benefit from the program. In a remote part of southern Ethiopia, a bamboowalled school had fallen into disrepair. Partnering with a church group, ABB donated funds to reconstruct it with stone and wood, and build four classrooms with new furniture. The work, completed in 2007, has led to an 11 percent increase in pupils. Among similar projects, ABB employees at a transformer factory in Pereira, Colombia, have been supporting a government school, providing gifts, uniforms and even a refrigerator to keep food fresh.
Helping disabled people
ABB supports people with disabilities in a number of ways � from promoting sports events to providing work and the opportunity of a better future. Employees like to contribute to Special Olympics for disabled people, held in different parts of the world. In Germany, for example, 120 volunteers � and some 20 customers � spent a week in the mountains in early 2007 helping participants enjoy the winter games. The volunteers� annual efforts are highly motivating and appreciated. Support for disabled people takes a different form in India where they are offered employment and training in workshops, putting together simple components and sub-assemblies which are subsequently used at ABB factories. After successful projects launched in Bangalore and Nashik, ABB opened another such workshop in Vadodara in 2007. These projects ensure social integration and, above all, a regular income.