S.L.N. COFFEE PRIVATE LIMITED (SLN) CSR POLICY
1. CONCEPT
1.1 Short title & Applicability
1.1.1 This policy, which encompasses the company‟s philosophy for drawing its responsibility as a corporate citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare & sustainable development of the community at large, is titled as the „SLN CSR Policy’.
1.1.2 This policy shall apply to all CSR initiatives and activities taken up by SLN, for possible social, educational and environmental causes on regular basis. We firmly believe that to succeed, an organization must maintain highest standards of corporate behaviour towards its stakeholders, employees and societies in which it operates.
1.2 CSR Vision Statement & Objective
1.2.1 In alignment with the “Vision” of the company, SLN, through its CSR initiatives, will continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate, with environmental concern.
1.2.2 The objective of the SLN CSR Policy is to
a) Ensure an increased commitment at all levels in the organization, to operate its business in an economically, socially & environmentally sustainable manner, while recognizing the interests of all its stakeholders.
b) To directly or indirectly take up programmes that benefit the communities in & around its work centers and results, over a period of time, in enhancing the quality of life & economic well-being of the local populace.
c) To generate goodwill in communities where SLN operates or likely to operate.
2. RESOURCES & AREAS TO BE COVERED
2.1 Funding & Allocation:
2.1.1 For achieving its CSR objectives through implementation of meaningful & sustainable CSR programmes, SLN will allocate 2% of its average annual net profits made during 3 immediately preceding financial years, as its Annual CSR Budget.
2.1.2 From the annual CSR Budget allocation, a provision will be made towards the CSR activities made under relevant expenditure heads, on a year on year basis as per the amount spent on the activities covered under Schedule VII of the Companies Act, 2013 and amendment thereon as follows:
i. eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water;
ii. promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
iii. promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
iv. ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
v. protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;
vi. measures for the benefit of armed forces veterans, war widows and their dependents;
vii. training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports;
viii. contribution to the Prime Minister‟s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
ix. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
x. rural development projects.
xi. Slum area development
Any unspent/unutilized CSR allocation of a particular year shall not form part of the business profits of the company. Any unspent/unutilized CSR allocation or any excess expenditure made in a particular year shall be treated in the manner provided under the Companies Act, 2013 and rules made thereunder (including statutory re-enactment/modifications from time to time)
2.2 Area to be covered
2.2.1 As per the Section 135 of the Companies Act, 2013 the Company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for CSR activities.
3. PLANNING
3.1 Identification of Thrust Areas and Strategic Initiatives:
3.1.1 For purposes of focusing its CSR efforts in a continued and effective manner, the following Eight Thrust Areas have been identified:
i. Environment Protection / Horticulture
ii. Infrastructure Development
iii. Drinking water/ Sanitation
iv. Healthcare/ Medical facility
v. Community Development / Social Empowerment
vi. Contribution to Social Welfare funds set up by Central / State Government
vii. Relief of victims on Natural Calamities
3.2 Scope for the 8 thrust areas for Strategic CSR initiatives
Considering the facts the Company to the extent feasible, Strategic CSR initiatives are undertaken in the areas that align to its business operations such as the following:
3.2.1 Education/ Literacy Enhancement
a) Construction of School & College Buildings and extensions of classes and lab facilities for Schools & Colleges.
b) Support to Technical/Vocational Institutions for their self- development.
c) Academic education by way of financial assistance to Primary, Middle and Higher Secondary Schools and Colleges including Special Education.
d) Adult literacy especially amongst those belonging to BPL.
e) Awareness programmes on girl education.
f) Special attention on education, training and rehabilitation of mentally & physically challenged children/persons and Counseling of parents
g) Spreading legal awareness amongst people and disadvantageous sections of the society about their rights & remedies available.
h) Promotion of Professional Education by setting up educational institutions offering courses in Engineering, Nursing, Management, Medicine and in Technical subjects etc.
i) Provide fees for a period of one year or more to the poor and meritorious, preferably girl students of the school in the operational area of the Company to enable them to get uninterrupted education.
3.2.2 Environment Protection / Horticulture
a) Providing financial assistance for Environment Management and Pollution Control.
b) Green belt Development
c) Afforestation, Social Forestry, Check Dams, Park.
d) Development of jobs related to agro product i.e., Dairy/Poultry/farming and others.
e) Plantation of saplings producing fruit.
f) Animal care.
3.2.3 Infrastructure Development
a) To develop infrastructural facilities for providing electricity through Solar Lights or alternative renewal energy to the nearby villages. Recurring expenditure should be borne by the beneficiaries.
b) Community kitchen through natural gas alternative Energy (Solar / Wind)/Biomass/Bio Gas etc.
c) Infrastructure Support for construction, repair, extension etc. of the Old age home, auditorium, playground, parks, Municipal & Corporation initiatives etc.,
3.2.4 Drinking water/ Sanitation
a) Installation / Repair of Hand Pumps / Tube Wells.
b) Digging/Renovation of Wells.
c) Gainful utilization of waste water from Under ground Mines for cultivation or any other purpose.
d) Development/construction of Water Tank/Ponds.
e) Rain water-harvesting scheme.
f) Formation of a Task Force of Volunteers to educate people regarding proper use of drinking water.
g) Empowerment to the villagers for maintenance of the above facilities for availability of water.
h) Buildings Toilets in Villages and Schools and Solid Waste Disposal
3.2.5 Healthcare/ Medical facility
Providing financial assistance to Diabetics detection and Hypertension camps, Senior citizen Healthcare wellness clinics, AIDS, TB and Leprosy Patients, preventing social evils like alcohol, smoking, drug abuse etc.
3.2.6 Community Development / Social Empowerment
a) Employment facilities should be provided to the community people especially to the backward section by providing education and training thereby developing their skill for suitable Employment.
b) Co-operative Societies should be formed by active participation of local people for setting up Dairies, Poultries and Piggery etc, which will also help to generate self employment.
c) To provide assistance to villagers having small patch of land to develop mushroom farming, medicinal plants, farming & other cash crops to make them economically dependent on their available land resources. Training may be provided by agricultural experts for above farming.
d) Organizing training programmes for women on tailoring Embroidery designs, Home Foods/Fast Foods, Pickles, Painting and Interior Decoration and other Vocational Courses.
3.2.7 Contribution to Social Welfare funds set up by Central / State Government
Contribution to the Prime Minister‟s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
3.2.8 Relief for victims from Natural Calamities
a) Providing clothes
b) Supplying of Food & water
c) Providing Shelter
d) Health Care and Medical Treatment for the victims
e) Rebuild Houses
4. IMPLEMENTATION:
4.1 CSR Programmes will be implemented by the company either on its own or through any specialized agencies/implementing agencies like NGOs, Trusts, Missions, Elected local Bodies like Panchayats, Self Help Groups, Mahila Mandals, community based organisations etc which are eligible to
undertake any CSR activity as per the Companies Act, 2013 and rules made thereunder (including statutory reenactment/modifications from time to time
4.2 The Board shall adopt an Annual Action Plan in pursuance of this CSR policy which shall include list of CSR projects/programmes to be undertaken, manner of execution, modalities of utilization of funds, monitoring and reporting mechanism for the projects/programmes, details of need and impact assessment, if any for the projects undertaken. Board may alter the Annual Action Plan at any time during the financial year based on reasonable justification.
4.3 For meeting the requirements arising out of immediate and urgent situations, the Managing Director is authorized to approve proposals and subsequently brought to the information of the Board.
4.4 All the CSR initiatives of the company will form part of the Annual Report of the company.
4.5 The CSR Policy shall be implemented by the Board for the time being in conformity with the Companies Act, 2013.
4.6 Monitoring of CSR activities: The Board shall obtain necessary information from the Management, if required, to satisfy itself of the implementation of the CSR activities as approved by the Board.
5. GENERAL
5.1 Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the guidelines on the subject as may be issued from Government, from time to time.
5.2 The Company reserves the right to modify, cancel, add, or amend any of these Policy Rules.
***
