Policy on Corporate Social Responsibility

Company’ Profile

thyssenkrupp Industries India Pvt. Ltd. (tkII) in the last five decades has grown to become one of the most trusted names in the fields of Sugar Plants & Machinery, Open Cast Mining & Bulk Material Handling Systems, Cement Plants & Machinery and Industrial Boilers & Power plants. Today with strong foundations and access to world-class technology tkII’s plantmaking capabilities are helping the industry become competitive world over.

Commitment

Our commitment and mission of business is to contribute to sustainable economic development of the local community and society at large to improve the quality of life. We integrate social and environmental concerns in our business operations and interactions with the society at large. It is a way through which we achieve a balance of economic, environmental and social imperatives, with adherence to our business values in letter and spirit of law.

Corporate Social Responsibility

Corporate Social Responsibility is strongly connected with the principles of sustainability and continuous development and growth of the people. At tkII, the Corporate Social Responsibility (CSR) has been an integral part of the way we have been doing our business since inception. For several years, tkII’s CSR initiatives has played a pivotal role in improving the lives of the communities and society at large in and around our operations and project sites with an objective to energize, involve and enable them to realize their potential. This has also enabled us to fulfill our commitment to be a socially responsible corporate citizen.

To attain its CSR objectives in a professional and integrated manner, the Company shall be working for one or more of the following activities relating to-

  1. Eradicating hunger, poverty and malnutrition
  2. Promoting the preventive health care and sanitation and making available safe drinking water, disaster relief activities
  3. Promoting education, employment enhancing vocation skills especially among children, women, elderly, and the differently abled and their livelihood enhancement
  4. Promoting gender equality and empowering women
  5. 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
  6. Ensuring environmental sustainability, ecological balance, animal welfare, agroforestry
  7. Renewable energy projects
  8. Conservation of natural resources and maintaining quality of soil, air and water
  9. Protection of national heritage, art and culture
  10. Promotion and development of traditional arts and handicrafts
  11. Measures for the benefit of armed forces veterans, war widows and their dependents
  12. Promoting sports
  13. 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 Caste, the Scheduled Tribes, other backward classes, minorities and women
  14. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government
  15. Supporting rural development

Implementation of CSR activities

To implement the Company’s CSR objectives, Company will focus on all the relevant areas as the CSR Committee deems fit and proper with an intent to fulfill such commitment and monitor and administer the same.

Governance

Every year, the CSR Committee will place for the Board’s approval, a CSR Plan delineating the CSR Programmes to be carried out during the financial year and the specified budgets thereof. The Board will accordingly consider and approve the CSR Plan with modifications, if any. CSR activities will be reported in the Annual Report of the Company.

CSR Expenditure

CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programmes undertaken in accordance with the approved CSR Plan. Any surplus arising from any CSR Programmes shall be used only for CSR purposes. Accordingly, any income arising from CSR Programmes will be netted off from the CSR expenditure and such net amount will be reported as CSR expenditure.

General

Any or all provisions of the CSR Policy would be subject to revision / amendments in accordance with the guidelines / notifications / circulars / orders / rules as may be issued from Government, from time to time.

The Company reserves the right to modify, cancel, add or amend any provisions of the policy as mentioned hereinabove.