The Corporate Social Responsibility is a policy of the business entity which provides for an implementation strategy which includes identification of projects/activities, setting measurable physical targets with timeframe, organizational mechanism and responsibilities, time schedules and monitoring.
Our Company partners with various autonomous bodies, local authorities, business associations and civil society/non-government organizations. They may influence the supply chain for CSR initiative and motivate employees for voluntary effort for social development. They may evolve a system of need assessment and impact assessment while undertaking CSR activities in a particular area.
Our organisation formulates a Corporate Social Responsibility policy to guide its strategic planning and provide a roadmap for its CSR initiatives, which should be an integral part of overall business policy aligned with its business goals. The policy should be framed with the participation of various level executives and should be approved by the Board. All of these are recognized as shared responsibilities within the Group, enabling the continuous improvement of its operations.
The ultimate objective is to see that each business decision takes into account its social impact and accordingly plans an intervention to mitigate the impacts arising out of that decision. It is equally important to ascertain that every activity done under CSR makes a socially responsible business sense.