Indian Oil Corporation Limited (IOCL), as India’s largest Energy Public Sector Enterprise (PSE), has consistently demonstrated a commitment to community welfare and sustainable development. Guided by its vision of “Pahle India Phir Oil,” IOCL integrates corporate responsibility into its business ethos, significantly contributing to societal progress over decades. In 2023-24, IOCL set a benchmark by spending ₹457.71 crore on CSR initiatives, leaving a lasting impact on communities across India.
This article delves into IOCL’s CSR initiatives, highlighting opportunities for NGOs to collaborate and contribute to inclusive growth.
CSR at Indian Oil Corporation and CSR Vision
IOCL’s CSR journey began long before the Companies Act, 2013 mandated CSR activities, showcasing a deep-rooted commitment to societal upliftment. Over the past 29 years, the company has invested ₹3,611 crore in various community development projects, emphasizing care for local communities, particularly those residing near its installations and facilities.
Mission: Conduct business ethically while contributing to economic development and enhancing the quality of life for communities and society.
Vision: To align business priorities with national commitments and societal welfare, focusing on critical areas such as health, education, skill development, and rural empowerment.
CSR Highlights for 2023-24
In the fiscal year 2023-24, IOCL allocated substantial resources to thematic and geographic priorities:
Health and Nutrition: ₹290.03 crore, representing 63.36% of the total CSR expenditure, was directed toward health and nutrition, under the Department of Public Enterprises (DPE) guidelines.
Aspirational Districts: ₹47.26 crore was spent on 40 aspirational districts identified by DPE to uplift marginalized communities.
Community Development Projects: IOCL implemented over 600 diverse projects nationwide, positively impacting countless stakeholders.
Key CSR Thrust Areas
IOCL’s CSR initiatives span a broad spectrum of focus areas, reflecting its holistic approach to societal welfare
Healthcare and Nutrition: Comprehensive Cancer Care programs, Intensified Tuberculosis (TB) Elimination Project
Education and Skill Development: IndianOil Vidushi: Aims to empower underprivileged girls through education,Skill Development Institute in Bhubaneswar, Educational institutions such as the Institute of Chemical Technology, Mumbai-IndianOil Odisha Campus (ICTM-IOC).
Environment Sustainability: Intercontinental Rehabilitation of Cheetah initiative. Integrated Pottery Development in Tiruvallur, emphasizing sustainable practices
Rural Development: Establishment of fodder banks and skill training facilities in rural areas like Gannavaram, Andhra Pradesh. Comprehensive community development projects across rural regions.
Empowerment of Women and Marginalized Groups: Initiatives like the Remote Pilot (Drone) Training Program for transgender individuals highlight IOCL’s commitment to inclusion.
Access to Safe Drinking Water and Sanitation: IOCL actively supports the creation of safe drinking water facilities and sanitation infrastructure in rural areas.
Collaborative Opportunities for NGOs
CSR activities will be undertaken either by IndianOil itself by partnering with various entities, including:
Section 8 companies, registered trusts, or societies with proven expertise in CSR activities.
Government-established entities or those with a track record of at least three years in similar initiatives.
NGOs interested in collaborating with IOCL must:
Align Objectives: Ensure alignment with IOCL’s thrust areas such as health, education, environment, or rural development.
Submit CSR-1 Form: Register with IOCL by submitting the required documentation.
Engage in Program Design: Co-develop scalable, impactful solutions for community development.
Indian Oil Corporation Limited (IOCL) embodies the true essence of corporate social responsibility through its long-standing commitment to societal welfare and sustainable development. With a holistic approach encompassing health, education, skill development, environmental sustainability, and rural empowerment, IOCL strives to uplift communities and create lasting value. Its CSR vision, rooted in the philosophy of “Pahle India Phir Oil,” highlights the company’s dedication to placing societal progress at the core of its operations.
For NGOs, IOCL’s diverse initiatives offer a platform to collaborate on impactful projects that address critical developmental challenge
To know more about IOCL CSR deatils
CSR at IOCL : Click here
To read IOCL CSR Policy : Click here
Disclaimer: This article is for reference purposes only. It provides insights for NGOs to understand CSR initiatives of companies like Indian Oil Corporation Limited (IOCL) to explore potential partnerships in the future.
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