Corporate Social Responsibility is strongly connected with the principles of sustainability; an organization should make decisions based not only on financial factors, but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of G PLAST PRIVATE LIMITED to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders and with intent to make a positive difference to society.
The Government of India has vide Section 135 of the Companies Act, 2013 read with Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 has brought CSR Guidelines to certain class of Companies.
G PLAST PRIVATE LIMITED is covered by these rules.
CARE FOR ALL STAKEHOLDERS
We, G PLAST PRIVATE LIMITED, strive to conduct our business operations in socially responsible, ethical and transparent manner to demonstrate commitment to respect the interest of, and be responsive towards all stakeholders, including employees, customers, Contractors, suppliers, society at large etc. and create value for all of them. We shall develop such mechanism to actively engage with all stakeholders, inform them of inherent risks and mitigate them wherever occur.
G PLAST PRIVATE LIMITED follows certain ethics, Transparency and Accountability and we shall not engage in business practices that are abusive, unfair, corrupt or anti-competitive.
We shall undertake activities for economic and social development of communities and geographical areas, particularly in the neighbourhood of our operations. Such activities may include:
CSR POLICY OF G PLAST
The following is the list of CSR projects or programs which WATERTEC (India) Private Limited plans to undertake pursuant to Schedule VII of the Companies Act, 2013:
i) Eradicating hunger, poverty and malnutrition, promoting health care including 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
ii) Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects
iii) Promoting gender equality, empowering women, setting up homes and hostels for women and orphans, setting up old age homes, day care centres and such other facilities for senior 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, 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
v) Protection of national heritage, art and culture including restoration of buildings 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 widows and their dependents
vii) Training to promote rural sports, nationally recognised sports, Paralympics sports and Olympic sports;
viii) Contribution to incubators funded by Central Government or State Government or any agency or Public Sector Undertaking of Central Government or State Government, and contributions to public funded Universities, Indian Institute of Technology (IITs), National Laboratories and Autonomous Bodies (established under the auspices of Indian Council of Agricultural Research (ICAR), Indian Council of Medical Research (ICMR), Council of Scientific and Industrial Research (CSIR), Department of Atomic Energy (DAE), Defence Research and Development Organisation (DRDO), Department of Science and Technology (DST), Ministry of Electronics and Information Technology) engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)
ix) Rural development projects
x) Slum area development.
xi) Disaster management, including relief, rehabilitation and reconstruction activities
** For the purposes of this item, the term `slum area' shall mean any area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force.
The Company has formed CSR Committee with the following members.
|NAME OF THE MEMBER
|Shri G. D. Gopal
|Smt G. Chandralekha
|Shri G. D. Rajkumar
- 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;
- Recommend the amount of expenditure to be incurred on the CSR activities
- Monitor the Corporate Social Responsibility Policy of the company from time to time.
- The CSR committee shall institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company.
The Company itself directly and / or through a registered trust or a registered society and other likeminded stakeholders can undertake CSR Activities as per the provisions of Companies Act 2013. This helps to widen the Company’s reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
Based on the CSR Committee recommendation and the projects which falls under the head of Schedule VII of the Companies Act, 2013, G. PLAST PRIVATE LIMITED will fund the project and is subject to independent Auditor verification.
Collaborative partnerships may be formed with the Government, the District Authorities, the Village Panchayats, NGOs and other like-minded stakeholders. This helps widen the Company's reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
DUTIES AND RESPONSIBILITIES
The CSR committee may send annual report and the audit statement with to all the concerned stakeholders.
Surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company
The Company's engagement in this domain is disseminated on its website, annual reports, and its in-house journals and through the media.
Our CSR Committee, Board of Directors, our Management and all of our employees will fullest attention to achieve CSR Policy.