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EK PERFECT SHURUAAT CORPORATE SOCIAL RESPONSIBILITY POLICY WONDER CEMENT LIMITED

CORPORATE SOCIAL RESPONSIBILITY POLICY WONDER … Policy.pdfWonder Cement Limited is the first Company in India to set up a first of it’s kind fully automated plant and has raised

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EK PERFECT SHURUAAT

CORPORATE SOCIAL RESPONSIBILITY POLICY

WONDER CEMENT LIMITED

This policy has been instituted based on the Corporate Social Responsibility (CSR) philosophy of M/s Wonder Cement Limited and provisions of Section 135 of the Companies Act, 2013 (“the Act”), read with Schedule VII of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2013. This policy will at all times be subject to the provisions of the aforesaid act and rules (as amended from time to time).

CONTENTS

1. Introduction and Background 1-1

2. Our Vision 2-2

3. Definitions 3-4

4. Focus Area 4-4

5. CSR Projects 5-6

6. Target Group 7-7

7. CSR Committee 7-7

8. CSR Budget 8-8

9. Monitoring 8-8

10. Management Commitment 8-8

11. Information Dissemination 9-9

12. Effective Date 9-9

13. Contact Detail 9-9

1

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

INTRODUCTION AND BACKGROUND

Wonder Cement Limited was incorporated on 26th day of August, 2005. It is a cutting-edge cement manufacturing company with an ambition and passion to establish itself as a leading player in the industry. Enriched with the heritage of R.K. Marble, a leading name in the marble industry, the corporate culture of the Company is built on the values and ethos of quality, trust and transparency. An emphasis on technological superiority enables the Company to differentiate its offering through impeccable quality and effective communication. Wonder Cement Limited is the first Company in India to set up a first of it’s kind fully automated plant and has raised the benchmark a few notches above for all the existing and new entrants. The Company invested in the state-of-the-art German technology and were one of the first to introduce new standards of automated quality control. The first cement plant of the Company is located in Nimbahera, District Chittorgarh, in Rajasthan and has a capacity to produce 3.25 Million Tons per annum. Within two years of commencement of the First Plant, the Company have started work on expansion to double the capacity. The expansion production is expected by December 2015. With an extensive network of dealers, the Company endeavor to earn a place in the premium segment of the market. The Company has come a long way and have always strived to cross the thin line between realities and dreams. Since dreams and possibilities arise with every new beginning, Wonder Cement's moto and promise to the society is Ek Perfect Shuruaat .Wonder Cement Limited is committed to serve the communities in the vicinity of its operation with the aim to improve community welfare in tandem with Company’s progress. Corporate Social Responsibility Statement Corporate Social Responsibility is an integral part of the Company's ethos and the Company is conscious of its responsibilities and continuously striving to achieve it. As part of our voluntary commitment Wonder Cement Limited is continuously working for the upliftment of the society. Wonder Cement Limited is already carrying out various CSR activities even before the notification and enforcement of the relevant provisions of Companies Act, 2013. The brief about the existing CSR activities is already posted on the website.

2

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

OUR VISION

1. The Company desire to make enduring contributions to social development as a valued

and trusted member of society by enriching people's life and making social contributions.

2. To ensure economic growth with ecological and social responsibility.

3. To imbibe the best corporate practices at the factory - promoting a clean and green environment and fostering a work culture comparable to the best in the industry.

3

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

DEFINITIONS

“Act” means the Companies Act, 2013 including any statutory modification or reenactment thereof. “Board” means the Board of Directors of the Company. “Board’s Report” shall mean report of the Board of Directors prepared in accordance with section 134(3) of the Companies Act, 2013. “Company” means M/s Wonder Cement Limited, a Company registered under the Companies Act 1956 having CIN: U26943RJ2005PLC021205 and having its Registered Office at Makrana Road, Madanganj-Kishangarh- 305801, Rajasthan. “CSR” means Corporate Social Responsibility. “CSR activities” means the activities includes but is not limited to:- a) Projects or programs relating to activities specified in Schedule VII to the Act and includes such projects or programs as may be amended from time to time and as enumerated under this policy b) Projects or programs relating to activities undertaken by the Board of directors of the company in pursuance of recommendations of the CSR Committee of the Board as per declared CSR Policy of the company subject to the condition that such policy will cover subjects enumerated in Schedule VII of the Act. However, CSR Activities shall not include the activities being undertaken by the Company in its normal course of business “CSR Committee” means the Committee of the Board constituted in accordance with the applicable provisions of the Act for the purpose of administration of CSR activities, supervising the adherence of this CSR Policy and the matter incidental thereto. “CSR Policy” means the Corporate Social Responsibility Policy as set out herein and as amended or modified from time to time. “CSR Rules” means the Companies (Corporate Social Responsibility) Rules, 2014 framed under the Act and as amended or modified from time to time. “Independent Director” means a non-executive director of the Company within the meaning of section 2(47) of the Act.

4

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

“Net Profit” means the net profit of the Company as per its Financial Statements prepared in accordance with the applicable provisions of the Act.

FOCUS AREA

1. Eradicating hunger, poverty and malnutrition, promoting 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;

2. Promoting education including special education and employment enhancing vocation

skills specially among children, women, elderly and differently able and livelihood enhancement projects;

3. Promoting general equality, empowering women, setting up homes and hostels for

women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;

4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna,

animal welfare and 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;

5. Protection of national heritage, art and culture including restoration f buildings and sites

of historical importance and works of art; setting up public library; promotion and development of traditional art and handicrafts;

6. Measures for the benefit of armed forces veterans, war widows and their dependents;

7. Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports;

8. 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;

9. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;

10. Rural Development Projects;

11. Slum area development.

5

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

CSR PROJECTS

Wonder Cement Limited may continue to undertake the following Projects under its CSR Policy: 1. Education:

The Company endeavors to continue with it’s effort to promote the relevance of learning and knowledge of the weaker and backward section of the Society in order to allow the said segment to break their shackles and join as well as compete in the main stream. The Company endeavors to achieve the said vision through the following activities to be carried out in an integrated fashion as a complete project:

a. Adoption of Government Schools. b. Organising programmes like distribution of educational kits and school uniforms to

students of nearby Government Schools. c. To motivate children and parents for enrollment. d. Construction of Class rooms in schools. 2. Health and Family Welfare:

The effort of the Company is to continuously improve the health quotient of the people living in villages nearby by carrying out the following activities in an integrated fashion and manner by:

a. Organizing health checkup camps. b. Organizing preventive health care awareness programmes. c. Organizing family planning programmes. d. Financial support for medical equipment to Govt. Hospitals and support in various

health care programmes of Government. e. Financial assistance to Government health centers in surrounding villages and to upkeep

and maintain the health centers.

3. Infrastructure Development: The effort of the Company is to continue to set up essential infrastructure facilities in order to ensure an integrated development of the neighboring areas and the following activities shall be carried out in an integrated fashion as a complete project:

a. Construction of Community Centers, Roads, Boundary walls, , Sub-Health Centre and Animal Drinking Water facilities.

b. Renovation, upkeep and maintenance of the sub - health centers.

6

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

c. To provide financial support to gram panchayats and to conduct development activities as per their plans.

4. Women Empowerment: The Company endeavors to continue with it’s program of empowerment of women in order to allow them to claim their rightful place and position in the society by carrying out the following activities in an integrated fashion as a complete project:

a. Running sewing training centers in nearby villages to make women independent. b. Forming various self-help groups and there linkages with various income generation

activities.

5. Safe drinking water facilities: The Company endeavors to continue with it’s project to provide proper drinking facilities through the following activities in an integrated fashion as a complete project:

a. Providing safe drinking water in nearby villages during summer.

6. Environmental sustainability The Company endeavors to undertake projects on continuous basis in order to ensure environmental sustainability, ecological balance by carrying out the following activities in an integrated fashion as a complete project:

a. Developing green belt of trees, shrubs and herbs and several lawns around the township, mining and plant areas and nearby schools.

b. Constructing rain water harvesting structures have been constructed in the plant, mines and Government schools to recharge the ground water.

7. Sanitation The Company understands the importance of cleanliness and endeavors to continue with providing proper sanitation facilities by way of following activities as a complete project:

b. “Swachha Gaon Nirogi Gaon Programme” which includes sanitation awareness

programme and Construction of Individual House Hold Toilets in nearby villages c. Construction and renovation of Toilets in government schools and Anganwadies of

nearby villages.

7

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

TARGET GROUP

The Company shall ensure that in identifying its CSR Projects, preference shall be given to the local area and areas around which the Company operates. However, this shall not bar the Company from pursuing its CSR objects in other areas.

CSR COMMITTEE

The Board of Directors of the Company shall constitute a committee called the “Corporate Social Responsibility Committee” (“CSR Committee”) in accordance with the provisions of Companies Act, 2013 and rules made thereunder. The CSR Committee will consist of 3 or more directors or such other number of directors as the Board of Directors of the Company may determine from time to time. The Board of Directors may change the composition of the CSR Committee from time to time in such manner as it thinks fit. Subject to provisions of Companies Act, 2013 and rules made thereunder, the CSR Committee may meet at such intervals, in such manner and may carry out matters in such manner and function generally as per such guidelines as it deems fit. The CSR Committee shall have, inter alia, the following roles, powers and responsibility:

(i) Formulate and recommend to the Board of Directors of the Company, a Corporate Social Responsibility Policy (“CSR Policy”) indicating the activities to be undertaken by the company as specified in Schedule VII of the Act and any amendments therein;

(ii) to recommend the amount of expenditure to be incurred on activities referred to in clause (i); (iii) Develop and approve various CSR projects, programs and activities to be undertaken from time

to time either directly by the Company or through other entities.

(iv) Determine modalities of execution of such CSR projects, programs and activities (v) Undertake all necessary steps to implement the CSR activities (vi) Authorise and approve CSR expenditure from time to time subject to the limits approved by the

Board of Directors.

(vii) Monitor the CSR Policy and activities from time to time.

(viii) Carry out all such acts, deeds, matters and things as may be required in connection with aforesaid matters and generally for any matter connected with the CSR policy of the Company.

(ix) To perform such functions as may be entrusted by the Board of Directors from time to time.

8

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

CSR BUDGET

The Board of Director shall endeavor to the best of it’s efforts that the Company spends, in every financial year, at least two per cent of the average net profits of the Company made during the three immediately preceding financial years and computed in accordance with the provisions of 198 of Companies Act, 2013 read-with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Company may, in every financial year, spend such amounts on its CSR activities as the CSR Committee may authorise from time to time subject to the limits as approved by the Board of Directors. Any surplus arising out of CSR projects, programs and activities shall not form part of the business profits of the Company. Further, the Company will report reasons for under spending, if any, of the allocated CSR budget of the current financial year in the template prescribed by the Ministry of Corporate Affairs. This reporting will be done in Board`s Report under the signatures of the Board of Directors of the Company.

MONITORING

i. The CSR Committee shall discuss the progress of each project undertaken and make any decision with respect to the project which it thinks fit.

ii. The CSR Committee shall monitor the CSR expenditure on periodical basis.

iii. CSR Committee shall also determine the manner of submission of information, reports, files,

etc. by third parties as a part of the monitoring process. CSR Committee shall ensure that a transparent monitoring mechanism is put in place.

MANAGEMENT COMMITMENT

Company will review it policy from time to time based on changing needs and aspiration of the target beneficiaries and make suitable modification as may be necessary. We believe and act on ethos of generosity and compassion, by a willingness to build a society that works for everyone.

9

“The greatest reward for doing is the opportunity to do more” -Jonas Salk

INFORMATION DISSEMINATION

The Company's commitment towards Corporate Social Responsibility can be seen in brief on its website www.wondercement.com

EFFECTIVE DATE

This policy is effective from 01st April 2015

CONTACT DETAIL Shri P. Patidar Whole Time Director Wonder Cement Ltd. R. K. Nagar, Nimbahera Chittorgarh, Rajasthan Telephone: 91-1477-307000, 307500 Email: [email protected]