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News Analysis

Student Name: Dhawal Raj Registration Number: 12009740

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Web Link :-
https://economictimes.indiatimes.com/news/company/corporate-trends/attendance-at-boa
rd-meetings-improved-in-fy21-on-virtual-meetings/articleshow/90106422.cms
 News Details
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 HCL Foundation said it has invested Rs 680 crore in the last 10 year to create an impact on
society through transformational work.
 The corporate social responsibility (CSR) arm of HCL Technologies also announced a Rs
16.5 crore grant for NGOs in their effort to transform lives in the country
 This financial year, HCL Foundation... also marked a decade of impact of transformation
work.
 Having invested more than Rs 680 crore in corporate social responsibility over this first
decade of our existence
 The HCL have laid a very strong foundation of contributing towards prosperity of people
and plants said by HCL Foundation Director Nidhi Pundir while announcing the grants.
 She said the first decade of HCL Foundation required major investments in creating pilots
or source codes like HCL Grant.
 "The next decade will see us transform these and transform many more lives across many
new geographies. We also aim to create a strategic program for climate actions to
contribute to the country's goal of becoming carbon neutral by 2070 and help enhance the
government of India's national action plan on climate change
 Analysis
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 A detailed disclosure framework for Corporate Social Responsibility (CSR) spending by

companies notified by the government is a “positive step” as it brings transparency

 Professional Assistance for Development Action (PRADAN) won a grant in the environment

category; The Association for People with Disability (APD) in health; and Language and Learning
Foundation (LLF) for education received grants of Rs 5 crore each
 Three winning NGOs -- one each in the development areas of environment, health and

education -- received Rs 5 crore each for three to five-year projects.

 Besides this, six NGOs who reached the final round were given one-year grants of Rs 25 lakh

each, making a total grant of Rs 16.5 crore.

 HCL Technologies and HCL CSR Board committee chairperson Roshni Nadar Malhotra said

HCL Foundation has created a pool of 35,000 NGOs which applied for grants at different points
of time
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Relevant links used for analysis

• https://economictimes.indiatimes.com/news/company/corporate-trends/spent-rs-680-
crore-on-csr-in-last-10-years-says-hcl-foundation/articleshow/90060447.cms
•https://indiacsr.in/csr-spent-rs-680-cr-on-csr-in-last-10-years-says-hcl-foundation/
#:~:text=HCL%20Foundation%20on%20Monday%20said,transform%20lives%20in%20the
%20country.
• https://stocks.zerodha.com/stocks/hcl-technologies-HCLT/news?checklist=basic
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