PPL adjudged largest corporate giver for 8th consecutive year
PPL adjudged largest corporate giver for 8th consecutive year
KARACHI, December 13, 2012:Pakistan Petroleum Limited (PPL) was adjudged the largest corporate giver by total volume of donations for 2011 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Karachi on December 12. The company bagged the award for the eighth consecutive year in the same category.
Speaker, Sindh Assembly Nisar Ahmed Khuhro presented the award to PPL’s Deputy Managing Director Moin Raza Khan. The event was attended by leading businessmen, representatives of multinational companies, government and civil society representatives, donors and media.
Khuhro, speaking at the event, highlighted the government’s inability and constraints in reaching out to disadvantaged segments of society and commended the corporate sector for bridging the gap.
As a responsible corporate organization with a stake in the country’s development spanning over 60 years, PPL believes in sharing the benefits of development with underprivileged communities, primarily in and around its operational areas with initiatives in community healthcare, education, livelihood generation, infrastructure development and disaster relief and rehabilitation. Though the company has an earmarked budget of 1.5 percent pre-tax profit for Corporate Social Responsibility (CSR) projects, actual spending touches nearly 2.5 percent.
PPL’s CSR programme is focused on ensuring sustainable social asset creation and maximizing long-term impact of development initiatives through a participatory process of needs identification, consultation involving all stakeholders, including communities, followed by close monitoring and inspection to extract lessons learned to further improve implementation and delivery.