Preface
CSR Vision & Mission of the Company
CSR Objectives of the company
The CSR objectives are :
- Create meaningful and effective strategies for encouraging all stake holders.
- Identify appropriate CSR projects in consultation with local communities and others.
- Partner with Trusts, Foundations, NGOs and other appropriate entities.
- Control & prevent pollution, recycle and reduce waste and manage natural resources in a sustainable manner.
- Ensure efficient use of energy and environment friendly technologies.
CSR projects, programmes and activities
The company has been doing exemplary service on the CSR front since its inception. The company has been supplying free meals to school children in the local Grama Panchayat and distributing educational aids to students. The company gives financial aid to girls of poor families for their marriage, has supplied dialysis units in Govt. Hospitals, ambulance for Grama Panchayat and Govt. Hospitals, treatment and financial aid for orphanages etc in the past. The company has also supplied plant saplings to local community for environmental protection measures. The company has also contributed substantial amount to Chief Minister’s Distress Relief Fund during times of natural calamities.
The company has been pursuing these CSR activities in line with its Vision and Mission. It is focused not just around the company’s plants and offices, but also in other geographies based on the needs of communities deserving. The four focus areas where special Community Development programmes would be run are:
Eradicating hunger, poverty and malnutrition
- Provision of food, nutrition supplement, clothes etc. for the poor, children and other deprived sections of the society.
- Supporting nutrition in anganwadi centres and building capacities of anganwadi workers to this effect.
- Provision of shelter for homeless.
- Promoting sanitation, making available safe drinking water.
Promoting Health care
Ensuring environmental sustainability and ecological balance through:
- Plantation drives in schools, villages, our manufacturing units & offices/business premises and other areas in general;
- Reviving endangered plants, promoting agro-forestry;
- Protection of flora & fauna;
- conservation of natural resources.
- Maintaining quality of soil, air & water.
- Adoption of wastelands to cultivate plants;
- Promoting biodiversity;
- Animal welfare and veterinary services.
- Technical support and Knowhow for improving farming and building capacities of small farmers.
- Promoting alternate energy resources.
Employment and livelihood
In addition, the Company has identified the following areas for Community Development interventions:
Promotion of education
Promotion of education especially among children, women, elderly and the differently abled including:
- Non-formal education programmes.
- Supporting schools with infrastructure like benches, toilets, potable water, fans etc.
- Supporting other educational institutions.
- Improving educational facilities in general.
- Supporting children for higher education.
Promoting gender equality and empowering women
- Adult literacy for women.
- Promoting and providing credit support to women's self-help and joint liability groups.
- Training in vocations pursued by women.
- Setting up homes for women & orphans;
- Setting up old-age homes & other facilities for senior citizens.
- Setting up hostels for working and student women, day care centers for kids of working women.
Contribution or funds provided to technology incubators located within academic institutions which are approved by the Central Government
Rural Development Projects.
Training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports
- Infrastructure developments like building proper playing fields, grounds, etc or an arena which would help the potential players/ sportsperson to take training lessons and practice properly, living area for their stay, instilling discipline and teamwork while nurturing their sports and academic abilities;
- Identifying the athletes and other potential players and providing them with the access to health building, coaching, exercising, etc at the base level to make them eligible and competent to perform. Training shall be purely related to the training of the students/athletes which ultimately leads to the promotion of the sports.
- Running of Sports Academy;
Grant Scholarships
Other Activities
- Welfare for differently disabled persons
- Setting up public libraries
- Funding for construction/maintenance of domiciles for weaker sections of society.
- Funding for developing roads, footpaths, walkways etc. for common purpose.
- Other construction activities beneficial to the public.
CSR Funds
The corpus for the purpose of carrying on the aforesaid activities would include the followings:
- 2% of the average Net Profit made by the Company during the immediately preceding three Financial Years.
- Any income arising there from.
- Surplus arising out of CSR activities carried out by the company and such surplus will not be part of business profit of the company.
Implementation / management
CSR expenditure
A. The Company shall ensure that at least 2% of average net profit before tax from the immediately three preceding financial years is spent on CSR initiatives undertaken by it. The overall amount to be committed to CSR activities will be approved by the Board through its Annual Action Plan carrying list of CSR projects or programs.
B. The board shall also ensure that the administrative overheads shall not exceed five percent of total CSR expenditure of the company for the financial year.