A total of 13 companies were presented the 15th FICCI CSR Award 2016 at a function held in New Delhi recently. The aim of the Awards is to identify and recognise the efforts of companies in integrating and internalising Corporate Social Responsibility (CSR).
The recipients of the Awards this year included Bosch Ltd. and KPIT Technologies Ltd. Bosch bagged the Award for the Project – BRIDGE: BRIDGE (Bosch’s Response to India’s Development and Growth through Employability Enhancement). The project reaches out to school dropout youth (18 to 25 years old) from the underprivileged communities who are not in education, employment or trained (NEET). KPIT received the Award for its project to make villages in Maharashtra and Karnataka water abundant & tanker-free.
The selection process for the FICCI CSR Awards is extremely competitive and is assessed by an eminent jury through a 3-tier assessment process.
With the enactment of the Companies Act 2013, companies in India are mandated to spend two per cent of their three-year average annual net profit on CSR activities in every financial year as per Schedule VII; the FICCI CSR Award has also re-aligned with the changing paradigm by introducing new categories and assessment process.
The process for determining the top awards used three stages of screening, on site assessment visits and evaluation by an independent jury. The transparent and unbiased assessment process measured the Program quality which included Assessment About Human Resource Management; Strategized Program; Implementation; Administration Procedures; Program Quality; Monitoring And Evaluation, Sustainability and Impact, Scalability and replicability.
An eminent jury chaired by ex-SEBI Chairman, Mr. M. Damodaran, determined the top awardees from the list of top 39 shortlisted companies out of 139.
Award winning CSR projects chose varied subjects from Women Empowerment to Education, Skill Development and Livelihood, Environment Sustainability, Health, Water and Sanitation, Post Disaster Rehabilitation, Water Management, Women Empowerment. Apart from Companies, a NGO Excellence Award was also awarded.