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CORPORATE SOCIAL RESPONSIBILITY POLICY
[IN TERMS OF SECTION 135 OF THE COMPANIES ACT, 2013 READ WITH COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014]
SUEZ INDIA (the “Company”) has over 30 years of track record of sustained growth, customer satisfaction and innovation. The Company's primary business is offering water, wastewater, industrial water and solid waste management solutions to its customers which includes municipal corporations and various industries .
This CSR Policy (as defined in clause 3(g)) aims to define and establish the Company’s Policy framework towards CSR (as defined in clause 3(c)).
2. OBJECTIVES (GO TO TOP)
The Company recognizes and is committed towards creating common good for all. The Company shall implement its CSR Activities to integrate economic, environmental and social objectives with its operations and growth for common good. The Company is committed towards making visible and tangible contribution to communities and environment.
The Company shall identify projects/programs/activities both in urban/rural areas that will improve quality of life.
The broad objectives of this CSR Policy is to:
The CSR Policy shall be implemented in accordance with the provisions of Section 135 of the Act and the Rules. It shall apply to all the CSR Activities undertaken by the Company in India as per Schedule VII of the Act and any amendments or modifications made thereto.
The CSR activities shall not include activities undertaken by the Company in pursuance of the normal course of its business. Further, projects, programs or activities that solely benefit the employees of the Company and their families shall not be considered as CSR Activities under this CSR Policy.
3. DEFINITIONS (GO TO TOP)
Definitions of some of the key terms used in this policy are given below:
Any other person including workers involved in construction and allied activities of the Company or category of persons, as may be prescribed in the Act and/or by the CSR Committee including society at large.
Words and expressions not defined in this Policy shall have the same meaning as contained in the Act read with the Rules.
4. CSR COMMITTEE (GO TO TOP)
In compliance with the requirements of Section 135 (1) of the Act, a CSR Committee has been constituted by the Board. The CSR Committee at all times shall comprise a minimum of 3 directors.
The Committee may invite such other executive(s)/employees of the Company, professionals, experts and outsiders with relevant experience, as it may consider appropriate in its sole discretion, whether on permanent basis or temporarily for one of meetings of the Committee, to advise the Committee on the various CSR Activities being undertaken/to be undertaken by the Company.
The CSR Committee shall institute transparent monitoring mechanism for implementation of the CSR Activities undertaken by the Company.
4.1 TERMS OF REFERENCE OF THE CSR COMMITTEE (GO TO TOP)
The CSR Committee shall be responsible for :
5. CSR ORGANISATION (GO TO TOP)
The CSR Activities shall be undertaken/executed/implemented either by the Company itself and/or primarily through SUEZ Foundation – India. The Company may also conduct/implement its CSR Activities through any company established by the Company or its subsidiary(ies), or associate(s) under Section 8 of the Act (erstwhile Section 25 of the Companies Act, 1956) or otherwise. In the event, the Company implements its CSR Activities through any other trust(s), society(ies), company(ies) that is not established by the Company or its subsidiary(ies) or associate(s), such trust(s), society(ies), company(ies) should have an established track record of at least three years in undertaking similar programs or projects and the Company will clearly specify the project or programs to be undertaken through these entities, the modalities of utilization of funds on such projects and programs and the monitoring and reporting mechanism.
In order to implement the approved CSR Activities, the Company may involve specialized agencies, which could include government/semi-
The Company may also collaborate or pool resources with its subsidiaries, or associates or other companies to undertake CSR Activities, provided that the CSR committees of the respective companies are in a position to report separately on such CSR Activities being undertaken in accordance with the Act and the Rules.
6. CSR ALLOCATION (GO TO TOP)
The CSR Allocation for a financial year shall include – (a) at least 2% of the average Net Profits of the Company for the last three financial years; (b) any income arising there from; (c) surplus arising out of CSR Activities; and (d) any contribution specifically received for CSR Activities. Further, it is clarified that any surplus arising out of CSR Activities shall not form part of the business profits.
7. CSR BUDGET (GO TO TOP)
The overall amount to be committed towards CSR will be approved by the Board upon the recommendation of the CSR Committee.
8. CSR ACTIVITIES (GO TO TOP)
The Company will undertake its CSR Activities in the following areas:
1. Promote quality education among children belong to socially and economically disadvantaged group;
2. Talent nurturing and skill development as part of the promotion of education and employment;
3. Health and sanitation awareness in urban slums and villages and other underprivileged persons;
4. Cleanliness initiatives;
5. Initiatives for women empowerment
The details of each of the CSR activities/ programs undertaken have been set out in Annexure -
The CSR Committee will be entitled to include other projects/ programs/ activities or any social development initiative as may be approved by the CSR Committee/Board which is in consonance with the Act read with Schedule VII.
The Company shall give preference to the local area and areas around it where it operates, for undertaking / implementing / executing / collaborating for CSR Activities.
9. IMPLEMENTATION OF CSR ACTIVITIES (GO TO TOP)
The CSR Activities identified by the CSR Committee and approved by the Board shall be implemented in a project mode through the CSR Department which will entail charting the stages of execution through planned processes, measurable targets, mobilization and allocation of budgets and prescribed timelines. It also involves assigning of responsibility and accountability. Suitable documents / agreements shall be entered into with the implementing agencies for the purposes of implementation of the projects. The conditions of grant of amounts for all CSR Activities and the break-
10. MONITORING MECHANISM (GO TO TOP)
The CSR Committee will ensure a transparent monitoring mechanism for ensuring effective implementation of the CSR Activities proposed to be undertaken by the Company.
The details of various components of monitoring mechanism for the projects are given in Annexure II.
The CSR Committee will ensure that the CSR Activities are undertaken in compliance with this CSR Policy and in a project or program mode with clearly defined project deliverables, implementation schedules, processes and budgets as mentioned above.
The CSR Committee will monitor the programs and projects to ensure that they are being carried out in compliance with this CSR Policy and the Act and in accordance with the approved budget.
11. ROLE OF THE CSR DEPARTMENT (GO TO TOP)
The CSR Department, under the overall supervision and control of the CSR Committee, shall be responsible for:
12. CAPACITY BUILDING (GO TO TOP)
The Company may build CSR capacities by providing suitable training to their own personnel as well as those of implementing agencies through institutions with established track record of at least three financial years. However, such expenditure including expenditure on administration overheads shall not exceed 5% of the total CSR expenditure of the Company in one financial year.
13. DISCLOSURES (GO TO TOP)
The CSR Committee with assistance from the CSR Department shall prepare an annual report on CSR, in the format prescribed under the Act and the Rules and such report shall be included in the Board’s report annexed to the financial statements. The report shall be signed by the Chairman of the CSR Committee, the Managing Director/CEO/Director of the Company and such other person as may be prescribed.
The Company shall host the contents of the CSR Policy on its website in such manner as may be prescribed.
14. RESPONSIBILITY STATEMENT (GO TO TOP)
A responsibility statement shall be issued by the CSR Committee that the implementation and monitoring of CSR Policy is in compliance with CSR objectives and policy of the Company, at the end of each financial year.
15. AMENDMENTS (GO TO TOP)
The CSR Committee is empowered to recommend amendments or modifications to the CSR Policy and such changes shall be placed before the Board for approval.
Where the CSR Policy is in variance with the requirements of the Act and/or the Rules, the provision of the Act and/or the Rules shall prevail.
16. GENERAL (GO TO TOP)
In case of any doubt with regard to any provision of the CSR Policy and also in respect of matters not covered herein, a reference to be made to the CSR Committee or to the Chairman of the CSR Committee. In all such matters, the interpretation and decision of the Chairman of the CSR Committee shall be final.
AREAS OF CSR INTERVENTION
Enumerated below are the areas where the Company will implement its CSR Activities. This will be reviewed from time to time by the CSR Committee of the Board and specific initiatives under these will be undertaken in line with the CSR Policy to meet the overall objectives of these interventions.
1. Model School Development Program: To identify and develop a centre of excellence in a Government Senior Secondary School as a model school to demonstrate effective delivery of equitable quality education for all children. The objective is to develop a model ICT centre with latest devices, gadgets and curriculum in close coordination with SCERT/ NCERT, model Science and mathematics labs in the school, equip children and teachers on usage of Science, Math and ICT labs and empower them for enhancing their learning level with innovative techniques, create and empower the school to maintain Water, Sanitation & Hygiene (WASH) & Disaster risk reduction friendly school, stimulating and inclusive learning for students.
2. Urban Underprivileged Health and Sanitation Sensitization Program: The program entails providing healthcare and sanitation awareness to the underprivileged population in urban slums. This shall include organizing workshops, sensitization campaigns, etc.
3. Skill Development Program: The Company believes that training and employment is the key for India’s development. The Company believes in empowering underprivileged and marginalized women by providing them with the much needed market driven skill sets for productive employment.
The CSR department will provide regular progress report to the CSR Committee of the Board. This report would indicate:
Policy version : 1
Policy owner : Company Secretary
Recommended by : Corporate Social Responsibility Committee
Approved by : Board of Directors