THE HANDICRAFTS AND HANDLOOMS EXPORTS CORPORATION OF INDIA LIMITED
POLICY ON CORPORATE SOCIAL RESPONSIBILITY
1. Aims & Objectives
Corporate Social Responsibility (CSR) is a concept whereby organizations serve the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. To integrate economic growth through consumption of inputs available in the environment and society. Thus the Triple Bottom Line- economic impact, social impact and environmental impact are the prime objectives.
2. Planning & Implementation Mechanism
All the CSR activity on company wide basis shall be centralized and vested with the CSR Cell in Corporate Office to be constituted and headed by nominated official. The planning for identification of the CSR projects to be undertaken by the CSR Cell & before considering the projects CSR Cell should mandate the design of Corporate Social Responsibility Action Plan (Long-term, medium-term and short-term), with a shift from the casual approach to the project based accountability approach. In case of long-term CSR plan it should match with the long term Business Plan of HHEC. This should be broken down into medium term and short term plans. Each of these plans should clearly specify:
i) Requirements relating to baseline survey;
ii) Activities to be undertaken;
iii) Budgets allocated;
iv) Time-lines prescribed;
v) Responsibilities and authorities defined;
vi) Major results expected.
The CSR Cell will consider the specific proposals received for specific CSR projects from Regions/ NGOs/SHG/Institutions etc. CSR cell will evaluate and select or formulate the item wise CSR projects every year in accordance with the CSR policy. Approval of individual CSR projects would be accorded by CMD after examination of proposals by CSR Cell. Auditor’s fee and other expenses relating to the execution and administration of the CSR programme shall be included in the CSR budget. The CSR Cell will submit quarterly progress reports to HHEC Management. The CSR Cell may engage NGOs, Institutes, Trusts, Missions, etc of proven track record or appoint professionals with requisite expertise as field officers on contract basis to assist in delivery of the CSR programme. The periodic monitoring of the CSR programme will be done at the BOD level by a Directors Committee appointed by BOD.
3. Funding and Budgetary Provisions
HHEC shall make an allocation of fund in every year as per MOU and guidelines issued by DPE on CSR as amended from time to time. The money shall be non-lapsable and spent on a clear set of programmes as identified in CSR policy/action plan. A special non-lapsable fund to be denoted as “CSR Fund “shall be created for such activities, accumulating any unspent/unutilized amount, if any, in a fiscal year.
4. Activities under CSR
HHEC shall constantly strive to remain a good corporate citizen committed to the concerns of the society as a whole. The CSR funds and efforts of the company shall be invested in community development projects and people centric activities with emphasis on Rural, weaker and poor sections of society, under developed areas. Any activity of the areas mentioned in the list of possible areas in DPE guidelines would be taken up under CSR. However, to start with, thrust areas would be as follows:-
CSR activities undertaken by the company shall be duly reflected in the Annual Report both in narrative form and in numbers quantified in terms of:
- Amount utilized vis-à-vis amount budgeted
- No. of projects with recurring allocation taken up/completed /in progress
- No. of projects with nonrecurring allocation taken up/completed /in progress
HHEC website shall also carry the CSR policy and details of programmes undertaken.