Business

PPL bags top Corporate Philanthropy Award

Written by The Frontier Post

F.P. Report

ISLAMABAD: Pakistan Petroleum Limited (PPL) has once again received the highest Corporate Philanthropy Award for being the largest corporate giver in terms of volume of donations during 2019-20. Pakistan Centre for Philanthropy (PCP) adjudged the winner based on their research-based annual philanthropy survey. The company has maintained the top slot for the 16th consecutive year in the large national category.
Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin presented the award to Chief Community Development Officer, PPL Kamran Sher during the Corporate Philanthropy Awards event organized by PCP on November 16 in Islamabad. The event was attended by business leaders, development professionals and media.
As a responsible corporate citizen, PPL’s Corporate Social Responsibility Programme, spanning over six decades, is rooted in a rich tradition of sharing the benefits of development with stakeholder communities. Over years, the scope, outreach and financial input of PPL’s CSR portfolio has substantially increased to support long-term, sustainable projects in education, healthcare, infrastructure development, livelihood generation and sports for deserving communities in operational as well as large urban areas.
Going well beyond the dedicated financial input of 1.5% of its annual pre-tax profit for CSR initiatives, PPL’s actual spending in 2019-20 was Rs.1.75b which is about 2.5% of its pre-tax-profit for the year.
Moreover, during 2020-21, Pakistan Petroleum Limited crossed the two-billion-rupee mark which is the largest-ever CSR contribution made by the company.

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