CSR POLICY
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Heading
Preamble
Title & Applicability
Definitions
CSR Vision Statement and Guiding Principles
Resources
Funding & Allocation, Mode of Implementation
CSR Plan
CSR Committee
Implementation
Monitoring & Feedback
General
Annexure-I
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1. PREAMBLE
At Ambuja Cements Limited, we are committed to the Nurturing Life' credo. Our Strategic
Corporate Social Responsibility (CSR) initiatives are to actively work towards the 'Nurturing
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Life' Goals. The Ambuja Cements has since inception always laid great emphasis on its
responsibilities not only to the wellbeing of its stakeholders but also to the larger
communities in the areas in which its companies operate.
2. TITLE & APPLICABILITY
2.1 This policy encompasses the companys philosophy for delineating its responsibility as a
corporate citizen and lays down the guidelines and mechanism for understanding socially
useful programmes for welfare & sustainable development of the community at large is titled
as the Ambuja Cements CSR Policy
2.2 This policy is in compliance of section 135 of the Companies Act, 2013 and the
Companies (Corporate Social Responsibility Policy) Rules, 2014 (the Rules).
2.3 This policy shall be effective from the date of its adoption and approval of by the Board
of Directors of Ambuja Cements.
3. DEFINITIONS
3.1 The words and expressions used in this Policy are defined as under
(a) Act means the Companies Act, 2013.
(b) Annexure means Annexure appended to this Policy.
(c) Board means Board of Directors of the Company.
(d) Company or (ACF) means Ambuja Cement Foundation group.
(e) CSR Committee means the Corporate Social Responsibility Committee of the Board of
Directors of the Company referred to in section 135 of the Act.
(f) Corporate Social Responsibility (CSR) means the responsibility of the Company to
undertake the projects and programmes relating to the activities covered under the subjects
enumerated in Schedule VII of the Act and approved by the Board in pursuance of
recommendations of the CSR Committee.
(g) CSR Activities means the activities of the Company as per this Policy.
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(h) CSR Rules means the Companies (Corporate Social Responsibility Policy) Rules, 2014
notified on 27th February, 2014 by the Government of India, Ministry of Corporate Affairs
and any amendments thereof from time to time.
3.2 The words and expressions used and not defined in this Policy shall have the same
meanings respectively assigned to them in the Act or CSR Rules.
4. CSR VISION STATEMENT AND GUIDING PRINCIPLES
In alignment with the vision of the Ambuja Cement Foundation group through its CSR
initiatives is committed towards building a sustainable enterprise for the benefit of its present
and future generations of stakeholders and will continue to enhance value creation in the
society and in the community in which it operates as a Socially Responsible Corporate.
5. RESOURCES
5.1 FUNDING & ALLOCATION
For achieving its CSR objectives through implementation of meaningful & sustainable CSR
programmes, ACF shall endeavor to allocate the following as its Annual CSR Corpus:
i)
2% of average net profits made during the three immediately preceding financial
ii)
iii)
years, as prescribed under the Companies Act, 2013 and the Rules;
Any income arising therefrom; and
Surplus arising out of CSR activities.
It is clarified that surplus arising out of CSR projects/ programs shall not form part of
business profits of the Company.
5.2 MODE OF IMPLEMENTATION
a) CSR programs, projects or activities, will be implemented through one or more of the
following methods:
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ii) Any other Registered Trust, Society or Section 8 Company (i.e. Company registered under
Section 8 of the Companies Act, 2013) with an established track record of at least three years
in carrying on activities in related areas and duly approved by the ACF CSR Committee;
iii) In collaboration with other organizations.
b) The allocated CSR budget or Corpus will be utilized for CSR activities undertaken within
India, which are not:
i) exclusively for the benefit of employees of the Company or their family members; or
ii) Undertaken in pursuance of normal course of business of the Company.
6. CSR PLAN
ACF shall prepare its Annual CSR Plan at the beginning of each Financial Year according to
the availability of resources on recommendation of the CSR Committee and approval of the
Board.
The CSR activities (Projects / Programmes) which SIL plans to undertake shall be the
activities falling within the purview of Schedule VII of the Companies Act, 2013 as amended
from time to time and does not include the activities undertaken in pursuance of normal
course of business of the company.
The Projects, programs or activities to be undertaken by the Company pursuant to the Policy,
along with modalities of execution are outlined in Annexure-I attached hereto.
7. CSR COMMITTEE
7.1 ACF CSR Committee which will be ultimately responsible for the CSR projects
undertaken will report to Board.
*Members of CSR Committee currently comprises of:1. Mr. Kumar
2. Mr. Ashesh
3. Ms. Indrani
7.2 Responsibilities5 | Page
undertaken
by
the
State
Government,
District
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Administration,
Local
8.3 While all CSR programs will be focused in India, the Company shall give preference to
the local areas
8.4 While identifying long term programmes, all possible efforts shall be made to define the
following:
a) Programme objectives
b) Baseline survey- It would give the basis on which the outcome of the programme would be
measured.
c) Implementation schedules - Timelines for milestones of the programme.
d) Responsibilities and authorities
e) Major results expected and measurable outcome.
8.5 Powers for approval
a) Corporate Social Responsibility Committee (CSR Committee) of the Board shall formulate
and recommend to the Board a CSR policy of the Company for a Financial Year including the
amount of expenditure to be incurred on CSR programs, projects and activities.
b) The Board shall, after taking into account the recommendations made by the CSR
Committee, consider and approve the CSR Policy as it may consider appropriate.
c) The Board of Directors of the Company shall ensure that Company spends the requisite
amounts specified under the Companies Act, 2013 on CSR activities failing which it shall
specify in its report the reason for not spending the amount.
d) The Board or CSR Committee shall delegate necessary powers for execution and
implementation of the CSR Policy. The delegation shall also include powers for meeting the
requirements arising out of immediate & urgent situations.
9. MONITORING AND FEEDBACK
To ensure effective implementation of the CSR programmes, the Company shall put in place,
suitable monitoring mechanism.
9.1 The progress of CSR programmes under implementation will be reported to the
Chairman, CSR Committee on quarterly basis.
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9.2 CSR Committee shall periodically monitor the progress of CSR projects, programs and
activities incorporated in the CSR Policy and shall hold review meetings at least twice in a
year.
9.3 CSR Policy will be displayed on the Companys corporate website.
9.4 An Annual report on CSR containing the particulars as prescribed under the Companies
(Corporate Social responsibility Policy) Rules, 2014 shall form part of Annual Report of the
Company.
10. GENERAL
10.1 In case of any doubt with regard to any provision of the CSR Policy and also in respect
of matters not covered herein, a reference should be made to the CSR Committee.
10.2 The Company reserves the right to modify, cancel, add, or amend its CSR Policy subject
to the provisions of the Companies Act, 2013 and Rules framed thereunder.
Introduction
1. Gujarat Ambuja Cements has grown by leaps and bounds in the first 25 years. Ambuja
Cements owns some of state-of-the-art manufacturing facilities equipped with
advanced technological instrumentation. The company also excels in the system for
the prevention of hazards to the work force and the production units.The outstanding
growth of the company was due to the use of ethical trade practices and the
commitment of a dedicated work force. The superb management was an added bonus
to the company which fueled further growth.The Company had been taking steps for
CSR with abundant caution after the enactment of the Companies Act, 2013.
2. At Ambuja Cements Ltd., the Corporate Social Responsibility (CSR) has been an
integral part of the way we have been doing our business since inception. For more
than 25 years, the Companys CSR initiatives has played pivotal role in improving the
lives of the communities and society at large and in & around our operations with an
objective to energize, involve and enable them to realise their potential. This has also
enabled us to fulfil our commitment to be a socially responsible corporate citizen.
3. Today we have one of the countrys leading CSR engagements. Ambujas earliest
initiatives in community development date back to the 1990's long before the term
corporate social responsibility was even coined. The company launched its Village
Welfare Scheme, as a full-fledged function at the corporate office and all its cement
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plants with a large team comprising social scientists, teachers, medical personnel,
civil engineers and experts in agriculture, sanitation and crafts. The Company had
been taking steps for CSR with abundant caution after the enactment of the
Companies Act, 2013 in more effective way.
4. In keeping with this tradition, the company has a team of young CSR specialists based
at our corporate office and factories who serve the neighbouring community that
comprises the weaker sections of rural and tribal India to provide them some access to
basic amenities, health, education and livelihoods.
I. OBJECTIVE
The main objective of Ambujas CSR policy is
i.
To lay down guidelines to make CSR a key business process for sustainable
ii.
iii.
at large.
To generate goodwill and recognition among all stake holders of the company.
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and energy efficiency in our operations while continuously monitoring and reducing
emissions
E) Responsibilities toward our Employees- We will foster a work culture with high ethical
principles and standards and encourage our employees to perform with total integrity,
commitment and ownership. We will do all we can to support their professional growth and
recognise high achievers.
We will continue to raise the bar of our OH&S standards and guidelines. We recognise that
our employees and contractors deserve to work in safe and healthy work environment and
will make it our responsibility to ensure zero harm to people.
III. CSR mainstay
CSR activities at Ambuja shall be carried out through
1. Ambuja Cement Foundation (ACF) Ambuja Cement Foundation (ACF) was
established way back in 1993 as a social development arm of the Company. ACF work
exclusively with rural communities on issues related to Water Resource Management, Agro &
skill based livelihood generation, Health, education, womens empowerment and rural
infrastructure.
The Ambuja Cement Foundation was established way back in 1993 and is the Corporate
Social Responsibility wing of Ambuja Cements Ltd. that works with the rural communities
surrounding Ambujas manufacturing sites. The Foundation is engaged in a variety of peoplecentric, integrated rural development projects. Since inception, the foundation has expanded
its reach and diversified its programmes to include as many members of its stakeholder group
as possible. While working with the participation of the people, ACF has held its mission
statement central to all its operations. The Foundation has presence in twelve states across the
country and is engaged in programmes like Natural Resource Management, Agro based and
skill based livelihoods and improvement of health status, educational support and economic
enhancement
2. Ambuja Vidya Niketan Trust (AVNT)
Ambuja Vidya Niketan Trust (AVNT) is a non-profit making trust promoted by Ambuja
Cements Ltd.for providing educational facilities to the wards/dependents of employees of
Ambuja Cement Ltd. and children of the Villages around the plant / projects of the Company.
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AVNT operates 5 schools across India, affiliated to C.B.S.E. Board. The school provides an
ambience to motivate learners to be creative in their responses, adopt a positive approach, to
explore and innovate, there by upholding the quest for knowledge. The values and skills
which the students acquire in the process of learning go a long way in guiding and helping
them to meet the challenges of life and achieve their goals and aspirations.
3. Collaboration with other Companies undertaking projects/programs in CSR activities.
4. Contribution / donation made to such other Organization / Institutions as may be permitted
under the applicable laws from time to time.
5. Directly by the Company for fulfilling its responsibilities towards various stakeholders.
IV. CSR Activities:The scope of the CSR activities of the Company will cover the following areas but not
limited to the same and may extend to other specific projects/ programs as permitted under
the law from time to time.
Area Activities/Initiatives/Programs
1a. Eradicating hunger, poverty and malnutrition- Agro Based livelihoods, Better Cotton
Initiatives, Agriculture Development, Krishi Vigyan Kendra.
1b. Promoting health care including preventive healthcare and sanitation - Health and
Sanitation Development programs, medical camps, programs for HIV Aids etc.
1c. Providing safe drinking water- Drinking water programs, construction of check dams,
dykes, ponds, links, channels, wells and water storage tanks.
2 Promoting education, including special education and employment enhancing vocation
skills especially among children, women, elderly, and the differently abled and livelihood
enhancement projects;
Construction and running of schools and libraries, vocational training and special education
institutes, providing financial assistance and scholarships for higher education. Undertaking
and skills and entrepreneurship programs.
3 Women Empowerment and Facilities for Senior Citizens-
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Date: 11.13.2016
DIN: XXXX2013034
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