TKM Honoured with ‘Commendation for Significant Achievement’ at the 18th CII-ITC Sustainability Awards

Bangalore, 27March 2024: Recently, Toyota Kirloskar Motor (TKM) was recognised for its best CSR (Corporate Social Responsibility) practices under the category ‘Commendation for Significant Achievement’ presented at the 18th CII-ITC Sustainability Awards. Thisis a testament to the company’s relentless social efforts and the robust framework for CSR governance and its successful implementation.

For this award, the TKM CSR activities were evaluated by the CII-ITC assessors under the definedparameters that includedLearning &Innovation adoptedacross all its CSR projects.The company’s social initiatives demonstrated strong alignment with these parameters. Furthermore, as a part of its CSR implementation process,TKM conducts periodic internal assessment overseen by a board-level CSR committee, to actively monitor and comprehensively measure the impacts, ensuring objectivity, credibility, and commitment to compliance.Over the years, the company has implemented diverse assessment tools and systems to evaluate its performance and bolster community enhancement and environmental stewardship through sustained initiatives.

Notably, TKM’s CSR strategy embodies a dual focus on “Empowering Communities” and “Enriching Environment”. Driven by innovation and guided by the principle of Kaizen(continuous improvement), TKM’s CSR projects are organized into six key pillars: Skill Development, Road Safety, Education, Environment, Health &Hygiene, and Disaster Management. Additionally, its sustainable CSR model emphasizes community ownership, unified interventions, behaviour change, and stakeholder engagement.

Sharing his thoughts, Mr. Vikram Gulati, Country Head and Executive Vice President for Corporate Affairs and Governance, TKM, said,“At TKM, we are honoured to receive the 18th CII-ITC Sustainability Award. We firmly believe in the strong connect and the inclusivity that lies betweenbusiness growth and societal progress. With a keen eye on enduring interventions, we are focused on catalysing positive behavioural changes especially through our child to community approach.  Our continuous efforts are to actively engage with communities, understand their unique needs, aspirations, and challenges and tailor well thought programs to address the specific issues faced by them with sustainability at the core.

TKM has been successful in attaining sustainability in CSR by incorporating long-term strategic planning, engaging stakeholders to collaborate & support, timely project executions, implementing effective monitoring and evaluation mechanisms to track the project progressions, therebyaid the absolute community necessities.

This award reaffirms Toyota’s commitment to driving positive change and making a meaningful difference in the lives of people and the community. So far, we have achieved an outreach of over 2.3 million beneficiaries through our various social interventions. As we continue to evolve and adapt, we remain committed to optimal resource allocation and gauging effectiveness of all our CSR projects to enable stronger and meaningful interventions for the societal development.”