Project Report On CSR Activities of ACI Limited

Overview
Imperial Chemical Industries a British multinational established a Branch in the then East
Pakistan which was converted into a company after liberation, named ICI Bangladesh
Manufacturers Limited. In 1992 ICI divested its investment in Bangladesh to the Management,
when its name was changed to Advanced Chemical Industries (ACI) Limited.

Advanced Chemical Industries (ACI) Limited, being one of the largest conglomerates in
Bangladesh with a multinational heritage operates across the country through its four diversified
strategic business units. ‘ACI Pharmaceuticals’ is dedicated to improve the health of the people
of Bangladesh through introduction of innovative and reliable Pharmaceuticals products.

‘ACI Consumer Brands’ is adding value to the daily life of consumers through its Toiletries,
Home Care, Hygiene, Electrical, Electronics, Mobile, Salt, Flour, Foods, Rice, Tea, Edible Oil,
Paints and International Businesses. ‘ACI Agribusinesses’ is the largest integrator in Bangladesh
in Agriculture, Livestock, Fisheries, Farm Mechanization, Infrastructure Development Services
and Motorcycle. ‘ACI Retail Chain’ is the largest retail chain in Bangladesh operating through
its 144 SHWAPNO outlets including 34 newly opened express outlets across the country by
touching the lives of over 45,000 plus households each day. The Company contributed Taka
4,318 million to the National Exchequer during FY 2019-2020 in the form of corporate tax,
custom duty and value added tax.

ACI Ltd. was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East
Pakistan in 1968. After independence, the company was incorporated in Bangladesh in 1973 as
ICI Bangladesh Manufacturers Limited as a public limited company. In 1992, the company was
divested local management and the name of the company changed to Advanced Chemical
Industries Limited (ACI Ltd.).

ACI Ltd. is the first company in Bangladesh to achieve ISO S001in 1995 for quality
management and also the first company to achieve IS 14000 in 2000 for environmental
management system. ACI Ltd. is also the first company from Bangladesh to become the
honorable member of United Nation Global Impact (UNGC).

Mission
ACI’s mission is to enrich the quality of life of people through responsible application of
knowledge, skills and technology. ACI is committed to the pursuit of excellence through
worldclass products, innovative processes and empowered employees to provide the highest
level of satisfaction to its customers.
 Vision
To achieve the mission, ACI Limited will-

 Endeavor to attain a position of leadership in each category of its businesses.

 Attain a high level of productivity in all its operations through effective and efficient use
of resources, adoption of appropriate technology and alignment with our core
competencies.
 Develop its employees by encouraging empowerment and rewarding innovation.
 Promote an environment for learning and personal growth of its employees.
 Provide products and services of high and consistent quality, ensuring value for money
to its customers.
Values
ACI Limited maintains the following values for own-self and consumers.

 Quality
 Customer Focus
 Fairness
 Transparency
 Continuous Improvement
 Innovation

CSR Activities

Corporate social responsibility (CSR) is a strategy undertaken by companies to not just grow
profits, but also to take an active and positive social role in the world around them. The term is
also associated with the related term corporate citizenship.

CSR is an approach that espouses the notion that a company can do good in the world and make
a difference to improve social order. It's a topic that can engage the board of directors in an
organization, as CSR reflects company culture and business practices. Social responsibility is a
broad topic; it includes human aspects, such as having ethical labor practices both internally and
as part of a larger supply chain.
 Bangladesh Bank guideline related to CSR activities

CSR initiatives are often broken down into four categories: environmental, philanthropic, ethical,
and economic responsibility. Environmental initiatives focus on preservation of natural
resources, while philanthropic initiatives focus on donating to worthy causes that may not relate
to a business.

According to the latest Bangladesh Bank guidelines, 30% of CSR expenditure can be spent on
education, 30% on health, 20% on environment and climate change mitigation and adaptation,
and the remaining 20% on other sectors, including disaster management, sports and culture.

Objective of the Study

 To fulfill the requirement of my course

 To know the standards
 To learn about how these standards compliances with reality
 To apply our theoretical knowledge with an entity
 To gather knowledge on secretarial matters, finance & accounts and general
administration & HRM.
 To familiarize the existing structure of the respective areas
 To sort out problems/difficulties with effective solution.
 To learn about Company Law, SEC Rules and listing Regulations
 To make reconciliation with laws in accordance with the practice.