PPL declared largest corporate giver for 11th consecutive year
PPL declared largest corporate giver for 11th consecutive year
KARACHI, November 10, 2015: Pakistan Petroleum Limited (PPL) was declared the largest corporate giver by volume of donations for 2013 and 2014 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Karachi on November 9. The company clinched the award for the 10th and 11th consecutive years in the same category.
Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal presented the award to PPL’s Managing Director and Chief Executive Officer Syed Wamiq Bokhari. The event was attended by leading businessmen, government and civil society representatives, media and donor community.
As a national company, PPL takes pride in being a responsible corporate entity with a long-term stake in the country’s development. The company believes in sharing the benefits of development with underprivileged communities, primarily in and around its operational areas. Notably, even though PPL has an earmarked budget of 1.5 percent pre-tax profit for CSR activities, actual spending touches about 2.5 percent.
PPL’s Corporate Social Responsibility (CSR) programme is geared towards ensuring sustainable social asset creation and maximizing long-term impact of development initiatives through a participatory process of needs identification, consultation with stakeholders, including communities, followed by close monitoring and inspection to extract lessons learned for further improvement in implementation and delivery. Community healthcare, education, livelihood generation, infrastructure development and disaster relief and rehabilitation remain the key focus areas for the company’s development initiatives.