Kansai Nerolac Paints Ltd.
Sales (2007-2008) = 1300 crores (rounded off)
Net profit after tax = 120 crores (rounded off)
CSR Budget: 50.53 lacs
Karmayog 2008 CSR Rating: 4/5
See Karmayog Comments below
CSR activities:
KNP is gaining from the positive changes triggered by the fast growing economy in India. The �India shining� story is likely to continue in the years to come. Conscious of our responsibility towards the society, we stand committed to invest in neighborhood communities, more and more and improve the quality of life and inculcate a sense of well-being amongst the people, settled around.
The Corporate Vision of CSR goes like this, �To behave fairly & responsibly contributing to sustainable economic development and improving the quality of life in the neighborhood, in the process maximizing stakeholders� value.�
� Accountable for impact on stakeholders � work force, their family, the local
community and society at large
� Improving the quality of life of the neighborhood in ways good for development.
Mission Statement for CSR
T contribute positively to the development of the society, by acting as a good neighbour, considerate of others, playing the role of a good corporate citizen with passion and compassion.�
CSR Policy � Pg. 8
KNP, is a socially responsible organization, while transacting business, will adopt fair and just means, that meet the norms of Corporate Governance.
KNP will make a positive contribution to society by targeting social and cultural issues, maintaining a humanitarian approach, focus on areas in and around our factories and areas of operations.
KNP will lend a helping hand to the society in which it operates, covering areas of health, education, preservation of environment and community development.
KNP believes that good neighbors are considerate of each other, are interdependent
and believe in partnering at times in times of trouble.
As far as possible, KNP will encourage its employees to render support in the areas of social activities, make them participate in the CSR initiatives at the Company level and recognize their work and contribution to the society.
Most of the activities will be carried out through the GNP Charitable Trust. KNP will contribute 0.4 – 0.5% of its net profit annually, to the corpus of the Trust, in order to carry out its activities from the interest earned of the accumulated fund.
Areas of Focus for CSR (With details for each) – Pg.12 onwards
- Heath
- Education
- Community Development
- Environment Preservation
CSR Expense � Pg. 23
The expenses in the Financial Year 2007-08 are 30% more than last year�s. The
summary of expenses for the year 2007-08 is provided below (Figs in Lac):
Education – 7.31
Health – 34.79
Community development – 8.43
Environment preservation – 0
Total – 50.53 lacs
Source: Environmental Report 2008: http://www.nerolac.com/newsroom/env_08-PDF.pdf
CSR Report 2008: http://www.nerolac.com/newsroom/CSR-Report-08.pdf
Karmayog Comments: Increase in CSR initiatives and expenditure
Contact Information:
Kansai Nerolac Paints Ltd.
Nerolac House
Ganpatrao Kadam Marg
Lower Parel, Mumbai 400 013
Maharashtra
Phone : 22 – 2493 4001/24992500
Fax : 22 – 2491 9439
E-mail : contact@nerolac.com, press@nerolac.com
Website : www.nerolac.com/index.jsp?page=home
Industry Sector: Paints
Products / Services: Paints manufacture (decorative and industrial paints)
Other locations of factories / offices: Manufacturing locations: Lote, Ratnagiri District, Maharashta Jainpur, Kanpur District, Uttar Pradesh ChennaiBawal, Rewari District, Haryana Vatva, Gujarat
Previous year’s CSR activities & rating: https://www.karmayog.org/csr500companies/csr500companies_7804.htm