ICC Committee on CSR & Skill Development

- Scope of CSR – Compulsory, as per legal requirement

- Voluntary

- Compulsory, Legal

1. Form Board Committee – guidelines

2. Form Policy, as per schedule 7 – list of activities eg. Health,

Income generation, skill Dev.

3. Budget

4. Plans – Time bound projects

5. Budget for activity

6. Implementation methodology – By Company itself

By partnering with credible NGO

7. Monitoring – Methodology

- Impact & its quantification

- Third party Audit - Big 4, others

- (Various standards/Benchmarks eg. GP , --- , ---)

8. Reporting – Presentation & Acceptance by Board Committee

- Publishing – Annual Report

- Website

9. Unspent amount - Reasoning

- Disposal

10. RC, Sustainable

Carbon, Water

CSR - requirements under Section 135 of Companies Act, 2013:

Applicability Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board

Constitution CSR Committee of Directors

Consisting of three or more directors, out of which at least one director shall be an independent director.

Duty of the Committee Committee shall,—(a) formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII;(b) recommend the amount of expenditure to be incurred on the activities referred to in clause (a); and(c) monitor the Corporate Social Responsibility Policy of the company from time to time.

Board Responsibilities To approve and disclose contents of such Policy in its Board report and also place it on the company's website, if any, in such manner as may be prescribed; and(b) ensure that the activities as are included in Corporate Social Responsibility Policy of the company are undertaken by the company.

Spend 2 % of average NP for preceding 3 years

Board of every company referred to in sub-section (1), shall ensure 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, in pursuance of its Corporate Social Responsibility Policy: Explanation.—For the purposes of this section “average net profit” shall be calculated in accordance with the provisions of section 198

Preference to Local Area of operation

The company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities.

Clarify, if not complying Board to specify the reasons for not spending the amount.

I. Eradication Hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water.

II. Promoting education, including special education and employment enhancing vocation skills specially among children, women, elderly, and the differently abled and livelihood enhancement projects.

III. Promotion gender equality, empowering women, setting up homes and hotels for women and orphans, setting up old age homes, day care centers and such other facilities for seniors citizens and measures for reducing inequalities faced by socially and economically backward groups.

IV. Ensuring environmental sustainability, ecological balance, protection of Flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water.

V. Protection of national heritage, art and culture including restoration of building and sites of historical importance and works of art, setting up public libraries, promotion and development of traditional arts and handicrafts,

VI. Measures for the benefit of armed forces veterans, war wisdom and their dependents.

VII. Training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports.

VIII. Contribution to the Prime Minister’s National Relife 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.

IX. Contributions or Funds provided to technology incubators located within academic institutions which are approved by the Central Government.

X. Rural Development Project.

Schedule VII of CSR Act

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