GROUP-11
DIVISION – A
NAME- JOEL JOY
ROLL NO- A-64 (M.19.64)
Executive summary
AREA COVERED: RESPONSIBILITY AND PROGRAMS OF CSR
➢ Cipla primarily develops medicines to treat respiratory, cardiovascular disease, arthritis,
diabetes, weight control and depression; other medical conditions.
➢ Cipla Ltd was incorporated in the year 1935 with the name Chemical, Industrial &
Pharmaceutical Laboratories Ltd. Khwaja Abdul Hamied, the founder of Cipla gave the
company all his patent and proprietary formulas for several drugs and medicines,
without charging any royalty.
➢ Cipla has a definite set of csr principles which they are committed to follow. ➢
Cipla undertakes many csr programs mainly in the areas of health, education and
environment.
Corporate Social Responsibility (CSR)
➢ Corporate social responsibility (CSR) is a self-regulating business model that helps a
company be socially accountable—to itself, its stakeholders, and the public. ➢ By
practicing corporate social responsibility, also called corporate citizenship, companies
can be conscious of the kind of impact they are having on all aspects of society,
including economic, social, and environmental.
➢ The Company set up the Cipla Foundation in the year 2010 to provide care and financial
support to Indians in need of healthcare and education. It may collaborate with other
companies for undertaking the CSR projects/programmes subject to fulfilment of
separate reporting requirements as prescribed in the Rules.
INTRODUCTION
Cipla Limited is an Indian multinational pharmaceutical company, headquartered
in Mumbai, India. Cipla primarily develops medicines to
treat respiratory, cardiovascular disease, arthritis, diabetes, weight
control and depression; other medical conditions.
It was founded by Khwaja Abdul Hamied as 'The Chemical, Industrial &
Pharmaceutical Laboratories' in 1935 in Mumbai. The name of the Company
was changed to 'Cipla Limited' on 20 July 1984.
As of 17 September 2014, its market capitalisation was ₹49,611.58 crore
(equivalent to ₹530 billion or US$7.5 billion in 2019), making it India's 42nd
largest publicly traded company by market value.
In 2015, Cipla stood third in the India's Most Reputed Brands (Pharmaceutical)
list,in a study conducted by BlueBytes, a leading Media Analytics firm in
association with TRA Research,a brand insights organization (both a part of the
Comniscient Group).
DISCUSSION
Corporate Responsibility Principles
We are committed to following corporate responsibility principles:
1. We manage our business with integrity.
2. We are committed to compliance with law in all that we do. 3. We aim to
provide a safe, fulfilling and rewarding career to all our employees.
4. We actively assess and manage the environmental impacts of all our
operations.
5. We will continually benchmark and evaluate what we do in order to improve
our performance.
CSR ACTIVITIES/ PROJECTS/PROGRAMS
The Company may undertake CSR activities through a registered trust or a
registered society or a company established by the Company or subsidiary or
associate company under section 8 of the Act or through such other trusts, NGOs,
registered societies etc which have an established track record of three years of
undertaking such projects/programmes.
The scope of CSR activities of the Company will inter-alia cover the below
mentioned key thrust areas.
The CSR activities shall not include any activity undertaken by the Company in
pursuance of the normal course of business of a Company.
Some of the activities the Company has been engaged in are as follows:
Sr. No Key thrust areas Activities/ Programmes/ Projects
1 Health • Palliative care for terminally ill patients • Creating awareness on health
• Improving sanitation
• Providing easy access of medical support to
vulnerable communities
• Supporting Cancer / HIV / Thalassemia
patients
• Mobile Medical Units
2 Education • Setting-up / Developing infrastructure for schools
• Arranging training and awareness
programmes for adolescents.
• Promoting e-learning
• Enhancing reading culture
• Awarding scholarships for meritorious/needy
students Providing vocational skills
3 Address Social
• Supporting old age homes
Inequalities
• Supporting orphans and differently abled
4 Environment • Promoting environmental sustainability • Promoting conservation of
natural resources
• Promoting of Renewable Energy Resources
5 Rural development
• Enhancing livelihood
projects
• Undertaking Sustainable Rural Development
Projects
6 Others • Undertaking disaster management • Supporting NGOs & trusts for
conducting
various programmes/activities
• Any other permissible activity under Schedule
VII of the Act
CONCLUSION
In conclusion we can say that Social responsibility has been at the core
of Cipla, since inception. Cipla Foundation takes the company's socially
conscious legacy forward through initiatives in Health, Skilling,
Education & Disaster Response.
‘Caring for Life’ has been at the forefront of Cipla’s business philosophy
and remains the principal purpose of doing business. This philosophy is
seamlessly integrated into Cipla’s people, products and processes. The
initiatives taken by the Company as part of Corporate Social
Responsibility (CSR) programmes effectively contribute to developing a
sustainable and resilient community.
REFERENCE
➢ Google
➢ Bing
➢ Wikipedia
➢ Cipla.com
➢ Csrbox.org
THANK YOU!
