Companies CSR expenditure rises 47% in 4 years: Survey

Chennai: Companies in India spent Rs 7,536.3 crore on corporate social responsibility (CSR) activities in 2017-18, a 47 per cent rise compared to 2014-15, said the KPMG India CSR Reporting Survey 2018.

The cumulative expenditure by top 100 companies from 2014-15 to 2017-18 is about Rs 26,385 crore, the survey said. The average amount spent per company has gone up to Rs 76.1 crore as compared to Rs 58.8 crore during 2014-15, up 29 per cent, it said.

Energy and power sectors have spent the highest amount towards CSR at Rs 2,464.96 crore followed by BFSI at Rs 1,352.67 crore, customer products at Rs 635.41 crore, IT consulting and software at Rs 1,100 crore and mining and metal at Rs 647.12 crore.

The survey further said the total unspent amount has reduced by Rs 749 crore to Rs 989 crore during 2017-18 from Rs 1,738 crore in 2014-15.