The Policy outlines HCCBPL’s mission, as a responsible corporate citizen, to make a positive difference in the communities it serves. In alignment with the aforesaid, HCCBPL, through its CSR initiatives, will continue to enhance value creation in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for community, in fulfillment of its role as a Socially Responsible Corporate.
The Policy aims at enabling and facilitating accomplishment of Company’s CSR objectives, broadly outlined as follows:
- Ensure an increased commitment at all levels in the Company, to operate its business in an economically, socially & environmentally sustainable manner, while recognizing the interests of all its stakeholder groups.
- To undertake activities that benefit the communities in which it operates and result, over a period of time, in enhancing the quality of life, skills and economic well-being of the local populace.
- To generate, through its CSR initiatives, community goodwill for HCCBPL and help reinforce a positive & socially responsible image of HCCBPL as a responsible corporate entity.
In line with the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time (hereinafter the “CSR Rules”
), along with Circulars/ Notifications as issued by the Ministry of Corporate Affairs (hereinafter the “Ministry”
), the Policy promulgates the general framework of HCCBPL’s corporate social vision of undertaking socially useful initiatives that enhance welfare and sustainable development of the community at large. It lays down the guidelines and mechanism for undertaking Company’s CSR activities specifying inter alia, the sectors/ areas of Company’s CSR activities, overview of Company’s CSR projects/programmes (hereinafter the “CSR projects”
) along with the norms regarding its functioning and responsibilities. .
This Policy shall apply to all the CSR initiatives and activities taken up by the Company in accordance with Schedule VII of the Companies Act, 2013 and as allowed by Ministry from time to time for the benefit of different sections of the community, specifically the deprived and the under-privileged.