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01
Context
As an economic stakeholder, it is an organization's responsibility to work for the betterment and upliftment of the society it operates in and our CSR philosophy is based on this simple ideology.
Sustainable Development
S-CCI CSR believes in making meaningful contribution towards the sustainable and long-term development of society. This is enabled through strategies that seek to induce positive externalities in the social fabric of the country.
Focus on Vulnerable Groups
The underprivileged and marginalised require our attention because they suffer from lack of access to the system.
Our Focus Areas
Scheduled Castes and Tribes of the country
Socially and economically backward groups
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Objective
Economic Development
Strive for economic development that positively engages and impacts society at large.
Community Betterment
Embraces responsibility and encourages betterment through targeting endemic hunger, poverty, malnutrition, education, and marginalised communities.
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Focus of Engagement
Four key areas have been recognised to focus on:
Rural Transformation
- Creating sustainable livelihood solutions
- Empowering women in the workforce
- Increasing economic independence of women
- Addressing chronic poverty
- Providing hunger relief
- Targeting malnutrition in children
- Spreading sanitation awareness
Health
- Improved access to affordable healthcare
- Awareness campaigns in remote areas
- Maternal and child health initiatives
Education
- Promoting primary and secondary education
- Working with local communities
- Addressing school dropout rates
Disaster Response
- Managing national disasters
- Providing food and shelter
- Emergency sanitation facilities
04
Location
Our CSR Footprint
Priority Areas
Underdeveloped regions where assistance is most needed
Local Communities
Areas around the Company where it operates
Nationwide Reach
No limitation to undertake social projects elsewhere
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Scope
This policy shall apply to all CSR projects/programmes/activities undertaken by the Company in India as per Schedule VII of the Companies Act 2013 (as may be amended from time to time).
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CSR Committee
In accordance with the provisions of Section 135 of Companies Act, 2014, the Corporate Social Responsibility (CSR) Committee of S-CCI India Private Limited ("S-CCI") was constituted by the Board of Directors of the Company at their meeting held on September 1, 2016 and thereafter it was reconstituted on September 13, 2016 and August 9, 2019.
Committee Members
Mr Uday Singh
Mr Sushil Kumar Singh
Mr Anirudh Nandi
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Role of CSR Committee
Policy Formulation
Formulate and recommend to the Board a Corporate Social Responsibility Policy in compliance with Section 135 of the Companies Act, 2013.
Activity Identification
Identify the activities to be undertaken as per Schedule VII of the Companies Act, 2013 as amended from time to time.
Monitoring Mechanism
Institute a transparent monitoring mechanism for implementation of CSR projects/programmes/activities undertaken by the Company.
Expenditure Recommendation
Recommend the amount of CSR expenditure to be incurred on the earmarked CSR activities.
Policy Monitoring
Monitor the implementation of the CSR Policy periodically.
Meeting Schedule
The meetings of the Committee could be held at such periodic intervals as may be required.
Additional Functions
Such other functions as the Board may deem fit.
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Role of the Board
After taking into account the recommendations by the CSR Committee, approve the CSR Policy for the Company.
Ensure that the CSR activities included in the CSR Policy are undertaken by the Company.
The Board of the Company may decide to undertake its CSR activities approved by the CSR Committee, directly by the company, either singly or along with its associate company, or through a registered trust or registered society or a Company established under section 8 of the Act.
Ensure that in each financial year the Company spends at least 2% of the average net profits of the company made during three immediate preceding financial years, calculated in accordance with Section 198 of the Act, in pursuance of its CSR policy.
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CSR Monitoring and Reporting Framework
In compliance with the Act and to ensure funds spent on CSR activities are creating the desired impact on ground a comprehensive Monitoring and Reporting framework has been put in place.
An in-house team of S-CCI will play a critical role in monitoring and analysing the different parameters that represent CSR activities through tracking operational strategies, focusing on beneficiary acceptance and course correction.
The CSR Committee shall monitor the implementation through periodic reviews.
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CSR Expenditure
Scope of Expenditure
The CSR activities undertaken in India only shall amount to CSR expenditure.
Inclusions
CSR expenditure shall include all expenditure including contribution to corpus for CSR activities approved by the Board on the recommendation of the CSR Committee.
Exclusions
Does not include any expenditure on an item not in conformity or not in line with activities which fall within the purview of Schedule VII of the Act.
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Policy Disclosure & CSR Reporting
Website Display
The CSR policy recommended by the CSR Committee and approved by the Board shall be displayed on the Company's website.
Board Report
The CSR policy shall be disclosed in the Board's report as well.
Annual CSR Report
The Board Report of a Company shall include an Annual Report on CSR containing particulars specified in Annexure to the CSR rules as per the prescribed format.
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Quorum, Chairman, and Secretary
Quorum
Minimum two (2) members shall constitute a quorum for the Committee meeting.
Chairman
In the absence of the Chairman, the members of the Committee present at the meeting shall choose one amongst them to act as Chairman.
Secretary
The Company Secretary of the Company shall act as Secretary of the Committee.
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Definitions
Corporate Social Responsibility (CSR)
Means and concludes but is not limited to: Projects or programs relating to activities specified in Schedule VII to the Companies Act, 2013 ('Act) as may be amended from time to time.
CSR Committee
Means the CSR Committee of the Board referred to in Section 135 of the Act.
CSR Policy
Relates to the activities undertaken by the Company as specified in Schedule VII to the Act and expenditure thereon.
Net Profit
Means the net profit of the Company as per its financial statement prepared in accordance with applicable provisions of the Act (Section 198), but shall not include the following viz:
- Any profit arising from any overseas branch or branches of the Company, whether operated as a separate company or otherwise and
- Any dividend received from other companies in India, which are covered under and complying with the provisions of Section 135 of the Act
Provided that net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956 shall not be required to be re-calculated in accordance with the provisions of the Act.