CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY OF HCG GROUP COMPANIES

CSR Policy is to actively contribute to the social and economic development of the communities in which we operate. In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's social development.

• Our CSR Vision

  Through sustainable measures, actively contribute to the Social, Economic and Environmental Development of the community in which we operate ensuring participation from the community and thereby create value for the nation.

• Our CSR Mission

  • Ensuring socio-economic development of the community through different participatory and need based initiatives in the best interest of the poor and deprived sections of the society so as to help them to become SELF-RELIANT and build a better tomorrow for themselves.
  • Ensuring environmental sustainability through ecological conservation and regeneration, protection & re growth of endangered plant species, and promoting biodiversity.

• Our Activities

  The CSR activities we pursue will be in line with our stated Vision and Mission, focused not just around our plants and offices, but also in other geographies based on the needs of the communities. 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 Preventive Health care through awareness programmes, preventive

    Health check-ups, provision of medicine & treatment facilities, providing pre natal & Post natal healthcare facilities, prevention of female foeticide through awareness creation, awareness program for preventing diseases and building immunity.

  • Ensuring environmental sustainability and ecological balance through

    Plantation drives in schools, villages, 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.

  • Employment and livelihood enhancing vocational skills and projects including

    tailoring, beautician, mehandi application, bee keeping, food processing and preservation, vermi-composting and other Life Skill Training and livelihood enhancement projects.

• Our approach to implementation

  We will strive to implement the aforesaid CSR activities on our own to the extent possible. This would include:

  • Collaborating with various organisation, which are registered as a Trust or a section 8 company under the Companies Act, 1956/2013 or Society or NGOs or any other form of entity incorporated in India that specialise in the aforesaid activities.
  • Contribution to various funds which are aligned with our Vision and Mission e.g.

    Prime Minister’s National Relief Fund

    Any other fund set up by the Central Government for:

    socio-economic development and relief.

    For the welfare of Scheduled Castes, the Scheduled Tribes, other Backward classes, minorities and women.

• 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 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.

• Monitoring

  The CSR Committee shall monitor and oversee the CSR initiatives of the Company. The Committee shall hold at least two meetings in a year with at least one meeting in each half year. The Committee shall study and examine:

  Achievement made in terms of coverage compared to the target, plans to overcome shortfalls if any and support required to overcome the shortfalls.

  Actual year-to-date spends compared to the budget and reasons for variance.

  In respect of activities undertaken through outside Trust/Society/NGO’s etc. there will be mechanism of periodical reporting of progress on each such activities and the amount incurred thereon.

  The CSR Committee shall submit its report on CSR to the Board of Directors on an annual basis

• CSR Committee

  • Kapil Chopra
  • Rahul Chopra