Members of the ISLAMABAD-Overseas Investors Chamber of Commerce and Industry (OICCI) invested Rs 16 billion in different CSR activities and to contain the negative effects of the coronavirus.
In addition to monetary contributions, OICCI members ‘CSR activities included investing their employees’ time in social activities that add value across Pakistan, with a commitment to improve the non-privileged strata of society and support them in this most challenging period in recent memory. It arose with the arrival of the corona epidemic.
Nearly 100 of the leading foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have actively participated in the GOP’s efforts to combat the COVID-19 pandemic and benefit marginalized communities across the country without backing down from their ongoing CSR activities.
OICCI President Haroon Rashid applauded “members of OICCI who contributed to CSR initiatives and are recognized as role models for motivating other businesses and wealthy individuals.” “In the last few years there has been a noticeable improvement in sustainability and CSR initiatives by OICCI members through a proactive interaction between all stakeholders in the business and society. OICCI members have adopted the best CSR and Sustainability practices largely in line with the United Nations Sustainable Development Goals (UN SDGs) to meet the growing needs of society ”.
The Annual Corporate Social Responsibility (CSR) Report 2019-2020 reveals the essence of the CSR activities of nearly half of the OICCI members, who collectively invested around PKR 8 billion in CSR-related activities during the 2019-20 period. it was mentioned above and reached approximately 62 million direct beneficiaries across Pakistan. OICCI members and employees spent approximately 1.5 million man-hours and partnered with 160 social and development sector organizations to implement unique CSR programs. The scope of CSR activities has touched all provinces and the geographical distribution is 29% in Sindh, 26% in Punjab, 14% in Khyber Pakhtunkhwa, 12% in Balochistan, 6% in FATA and 8% in Gilgit-Baltistan and Azad. dir. Kashmir.
In terms of specific UN SDGs, 79% of OICCI members focused on (i) Health and Wellbeing and (ii) Quality Education, particularly vocational training programs for new primary and secondary school facilities and skills development. Most of the members actively supported health and nutrition initiatives through donations to reputable hospitals, medical care camps and health awareness campaigns. In a statement, OICCI emphasized that the March 2020 outbreak is an enormous challenge to OICCI members and stakeholders, and it still continues.
However, due to the international outreach of OICCI members, they took the lead and shared best practices to protect the health and well-being of their employees, business partners and other stakeholders. None of the OICCI members fired their workers due to the slowdown in business activities during the pandemic epidemic. Most of the OICCI members responded positively to the Pakistan Government’s call to contain the spread of the epidemic, protect health and support the economic needs of the impossible population in the face of the immediate threat of COVID-19, contributing approximately 7.8 billion PKR. to various causes of pandemic-oriented containment.
It is worth noting that 63% of the members are focusing on Gender Equality to support the OICCI Women initiative, which has gained momentum since its launch in 2017. “We believe the OICCI Women initiative can be a motivating factor for other businesses. OICCI Secretary General M. Abdul Aleem said Pakistan will increase the participation level of women and thus contribute to the country’s rapid economic growth.
The OICCI Corporate Social Responsibility (CSR) Report 2019-2020, published yesterday, details the contributions of member companies working in various social sectors across the country. OICCI is the collective body of the 200 largest foreign investors in Pakistan, belonging to 35 countries that make the biggest contribution to Pakistan’s economy, as well as being the largest foreign investor.