PPL receives corporate philanthropy award for 12th consecutive year
PPL receives corporate philanthropy award for 12th consecutive year
ISLAMABAD, February 7, 2017: Pakistan Petroleum Limited (PPL) was declared the second largest corporate giver by volume of donations for 2015 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Islamabad on February 7. The company received the award for the 12th consecutive year in the same category.
Honourable President of Pakistan, Mamnoon Hussain presented the award to Managing Director and Chief Executive Officer PPL Syed Wamiq Bokhari. The event was attended by leading businessmen, government and civil society representatives as well as 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. Notably, even though PPL has earmarked an annual budget of 1.5 percent pre-tax profit for Corporate Social Responsibility (CSR) activities, actual spending exceeds this with the company spending over Rs. 990 million during 2015-16.
With a viable CSR portfolio, spanning over six decades, the company has been delivering quality healthcare, education, livelihood generation, infrastructure development and disaster relief and rehabilitation to stakeholder communities, especially around operational areas. More recently, PPL has further strengthened its CSR efforts to support creditable development organizations working on improving the quality of life for disadvantaged populations living in urban areas.
PPL continues to maximize long-term impact of its development initiatives through a participatory process of needs identification, consultation with stakeholders followed by close monitoring and inspection to extract lessons learned for further improvement in implementation and delivery.