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CSR Report of Two Indian Company
CSR Report of Two Indian Company
RESPONSIBILITY
WHAT IS CORPORATE SOCIAL
RESPONSIBILITY?
Corporate Social Responsibility is a transformational initiative or activity
practised by Indian corporations. Mandated by the government, it is a positive step
towards collective upliftment and well-being of the community. The CSR activities
in India need to be in alignment with the socio-economic development of the
society in some way or the other.
During any financial year, if any of the above financial strength criteria are met
then the rules of Section 135 apply. Prior to the compulsion of the Corporate Social
Responsibility clause, CSR activities in India were voluntary for the listed
companies. However, it was mandatory for them to disclose their CSR spending to
their shareholders. Under the Companies Act, the preference has to be given to
local areas in which the company operates.
In quantitative terms, the CSR spending by top Indian companies in 2018 was
47% higher after the mandate. The power and energy sector contributed over 2400
crores, The sector of banking and financial services contributed 1353 crores while
the IT Industry generated about 1100 crores for the corporate social
responsibilities. As of 2016, about 460 companies have been listed as CSR
contributors for the country. Some of the big guns are ITC, Tata Group, Infosys,
Ambuja Cement, Ultratech Cement, Mahindra & Mahindra, Tata Chemical and
Bharat Petroleum Corporation Ltd.
Contributions were majorly towards two sectors – health and education. About Rs
3,893 crore were spent as CSR in the last financial year in those two areas of
development. 1029 crores were spent on rural development projects whereas 525
crores were diligently contributed towards equality and empowerment.
CSR
FOUNDATION
Jaquar Foundation- A mission to enhance the lives of the underserved
We, at Jaquar, firmly believe in actively contributing to the social and economic
development of the communities in which we operate. That's precisely why, we
toil relentlessly to reach out to the underserved through our varied CSR activities
and community projects, being carried out under the aegis of Jaquar Foundation.
'Sanitation, Health and Education form the core of our projects, through which we
aim to create a Swachchha, Swastha Avam Shikshit Bharat'.
Message From The Promoter
The Jaquar Group is a rapidly growing multi-diversified bathroom solutions
provider. Today, it caters to various socio-economic segments with brands such as
Artize in the luxury category, Jaquar in the premium section and Essco in the
value segment.
Jaquar Group is the undisputed market leader of the organised market for bath
fittings in India, and one of the fastest growing in its category across the world.
A key part of our vision is to actively contribute to the social and economic
development of the communities that we are a part of. Our subsidiary, Jaquar
Foundation, has been focusing on building a better, sustainable way of life for the
weaker and less privileged sections of society.
The goal? To make a 'Swachchha, Swastha, Sikshit, Avam Kushal Bharat'. We are
confident that we are making a difference and we look forward to growing
responsibly and making a positive impact on the lives of more and more people.
Rajesh Mehra
Promoter and Director, Jaquar Group
Message From The Head, Jaquar Foundation
Jaquar Foundation was established in the year 2015 with the mission to
continually spearhead Corporate Social Responsibility initiatives of the Jaquar
Group for the betterment of society
Promoting Education
Skill development
Health care
Sanitation
Other need based initiatives in compliance with Schedule VII of the Companies
Act, 2013
POLICY
Jaquar Foundation is committed to being recognized as a leader in the field of CSR
and recognizes that doing so, will add significant value to society. CSR activities at
Jaquar Foundation are broadly identified as follows:
Promoting Education
Skill development
Health care
Sanitation
Other need based initiatives in compliance with Schedule VII of the Companies
Act, 2013
POLICY
Jaquar Foundation is committed to being recognized as a leader in the field of CSR
and recognizes that doing so, will add significant value to society. CSR activities at
Jaquar Foundation are broadly identified as follows:
Promoting Education
Skill development
Health care
Sanitation
Other need based initiatives in compliance with Schedule VII of the Companies
Act, 2013
01
Focus Areas
The CSR projects of JF (Jaquar Foundation) are mainly aimed at skilling India in
various disciplines, providing quality education, facilitating health care facilities
to the weaker section of the society and helping the Swachh Bharat Mission by
providing proper sanitation facilities in communities in the target villages and
public places. The entire endeavor is to do something positive to protect and
sustain the environment and contribute to society.
02
CSR Committee
Mr. Rajesh Mehra - Chairman
Mr. S K Mehra - Member
Mr. Ajay Mehra - Member
Mr. Parichay Mehra - Member
03
CSR Budget
The Board shall approve overall limits for CSR Activities to be undertaken by the
Company. Within the overall limits approved by the Board, the CSR Committee
shall approve individual projects / programs.
04
This policy is effective from April 1, 2018 and may be amended by the Board as
required from time to time.
IDENTIFICATION OF PROJECTS
01
Promoting Education
Amongst children from weaker / poor section of society. We will extend financial
support to schools for their education.Below are the key areas where we will make
substantial contribution in development of society:
Setting up and running educational institutions and hostels
Setting up and running mid-day meal kitchens
Training of teachers and headmasters
Improving quality of education in existing schools
Augmenting and supporting infrastructure in educational institutions
Offering scholarships and financial assistance to needy and meritorious students
Bridging drop-out children and mainstreaming them to formal schools
Making adults functionally literate
Developing educational material and methodologies
Education for mainstreaming disabled children
02
Health care
We will sponsor hospitals / health institutes for the treatment of patients from
underprivileged sections of society for various types of diseases.
03
Skill development
As our nation is in shortage of skilled labours, we will contribute to recognize
Institutes / Organisations for the training of interested youths in country:
04
Sanitation
We will construct public utility complex (toilets), night shelters, public places in
coordination, cooperation and consultation with the concerned Authorities.
RELIANCE JIO
Through Reliance Foundation, our philanthropic arm, we work with
communities and implement development programmes focusing on Rural
Transformation, Health, Education, Sports for Development, Disaster
Response, Arts, Culture & Heritage, and Urban Renewal to achieve
comprehensive, inclusive, and sustainable societal development.
Additionally, our businesses conduct CSR activities locally.
Founded in 2010,
Reliance Foundation was set up to drive the
various
philanthropic initiatives of RIL.
Throughout our journey, we have made a difference to the lives of
70+Million people
across India
From the remotest villages and towns to metropolitan cities, we have nurtured
stories of hope, resilience, and transformation.
Partnerships
Reliance Foundation has also established strategic partnerships with
organizations that have the technical expertise and experience to
undertake various programmes in the identified focus areas of operation.
Rural Transformation
Our Rural Transformation initiatives address critical development indicators such
as rural livelihoods, water, food and nutrition,
women’s empowerment, and access to knowledge resources. Our initiatives have
so far reached 17.6+ million people.
Health
We are committed to enhancing India’s healthcare ecosystem through community
health initiatives and health outreach to
vulnerable communities. We also strive to make primary, secondary, and tertiary
healthcare services accessible to all. During
the COVID-19 pandemic, Reliance launched a multi-pronged response by
leveraging infrastructure and resources.
Education
We aim to provide opportunities for the young to develop themselves into future
citizens who contribute to society.
Disaster Response
We provide a quick response to mitigate the effects of natural disasters. This
includes early warnings, mobilisation and distribution of relief
materials, and supporting local governments to help communities affected by
disasters, including post-disaster relief.
Sports
Our initiatives in sports include Reliance Foundation Youth Sports (RFYS),
Reliance Foundation Young Champs (RFYC), Reliance Foundation Jr.
NBA, and Reliance Foundation Olympics Initiatives. Our initiatives offer a
platform for budding athletes across India to develop their talent and
prowess in various sporting segments.