Mukesh Ambani’s Reliance spends ₹1,185cr on CSR in FY22 | Techno Glob


Billionaire Mukesh Ambani’s Reliance Industries Ltd spent a record 1,184.93 crores in the fiscal year ended March 31 on corporate social responsibility (CSR) initiatives that covered oxygen supply during the second wave of the pandemic, education and healthcare, according to the company’s latest annual CSR report.

“In fiscal year 2021-22, Reliance placed social responsibility initiatives, community health and well-being at the top of its agenda,” the report said.

This went beyond supporting employees as well as their extended families and was aimed at caring for those most in need across India in the face of an emergency.

“During the 2021-22 financial year, Reliance contributed 1,184.93 crores to support a number of impactful and needs-based CSR initiatives,” he said.

The initiatives were spearheaded by the Reliance Foundation, the philanthropic arm of the company led by Nita M. Ambani.

“The past two years have been dedicated to ‘seva’ or service to humanity,” the oil-to-retail telecommunications conglomerate said. “While 2021 began with great hope, it also marked the second most severe wave of the COVID-19 pandemic – the greatest humanitarian crisis to affect the world and our country.”

Throughout the pandemic, Reliance said it has worked to meet the emerging and urgent needs of the nation during the unforeseen pandemic situation while working to empower communities to rebuild their lives.

“It was not about corporate social responsibility. It was about saving, securing and reviving lives, as well as dreams and hopes for a better future,” he said.

During the 2021-22 fiscal year (April 2021 to March 2022), Reliance undertook a series of initiatives across its pillars of work, including rural transformation, health, education, disaster response as well as sports initiatives for development.

Detailing its response to the pandemic, the report says more than 8.5 crore free meals have been distributed to frontline workers and vulnerable communities. Reliance produced 1,000 tons of oxygen every day during the second wave and provided it free to states for more than 1 lakh patients. Additionally, he set up a 2,000-bed hospital for Covid care.

Under his rural initiative, he has created 121 lakh cubic meters of water harvesting capacity, ensuring the irrigation of over 5,600 hectares of land for at least two cropping seasons. It also helped 10,896 rural households meet their nutritional needs and trained 22,000 self-help group members.

“Most importantly, its response to COVID-19 to support the nation and its people, deployed across five missions, continued to rotate and scaled up throughout the year, based on urgent needs and emerging,” he said. “Mission Oxygen and Mission Vaccine Suraksha have been deployed to meet the nation’s needs for medical oxygen and community vaccinations.”

The other missions including Mission Anna Seva, Mission COVID Infra and Mission Employee Care have been strengthened and supported, depending on the emerging situation of COVID-19.

“Throughout India, Reliance has worked to support community development, institution building and quality education in schools and to improve the lives of communities while enabling the delivery of quality health care, especially during circumstances induced by the pandemic,” the report said.

Reliance works to create transformational change across India, to build a stronger and more inclusive nation by enabling lives and livelihoods. “Throughout the year, concerted action reinforced the promise that all available resources would be deployed to meet the needs of the most vulnerable communities across India.”

This story was published from a news feed with no text edits. Only the title has been changed.

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