The CSR policy of the Company focuses on addressing critical social, environmental and economic needs of the underprivileged and deserving sections of the society. The Company adopts an approach that integrates the solutions to these problems into the strategies of the company to benefit the communities at large and create social and environmental impact.
All projects are identified in a participatory manner, in consultation with the community, literally sitting with them and gauging their basic needs. Subsequently, based on a consensus and in discussion with the participating teams, projects are prioritized.
Arising from this the focus areas that have emerged are education, health care, sustainable livelihood, and infrastructure development and espousing social causes.
The Company will allocate a sum which is not less than 2% of the average net profits of the immediately preceding 3 financial years. If in any financial year, due to any reason, the Company is unable to spend an amount as stated above, the Company shall provide suitable explanation stating the reasons there of to the Board of Directors and the Board shall include the same in the Directors’ Report of the Company.
The Company being in the field of providing end-to-end human resource solutions, desired to support the field of education through its CSR activities by identification of suitable educational institutions.
However the same could not be implemented as sizeable time and efforts were spent in formulating an impactful and coherent CSR Policy, devising internal framework for grant making process, capacity building of the CSR team, monitoring and evaluation process and identifying credible partners with innovative project proposal and evaluating proposals for scalability and policy fitment.
The Board believes that initial set up undertaken during the year in terms of the CSR Policy, CSR Framework, CSR Process and controls will enable the company to scale up the CSR activities in future and support the Company’s commitment to its meaningful CSR activities.
A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the Company.
The Responsibility Statement of the CSR Committee of the Board of Directors of the Company, is reproduced below:
‘The implementation and monitoring of Corporate Social Responsibility (CSR) Policy, is in compliance with CSR objectives and policy of the Company.’
The Composition of the CSR Committee: