Corporate Social Responsibility
Objectives of the CSR policy:
- Protection of flora & fauna, and conservation of natural resources.
- Enabling education and enhancing vocational skills of underprivileged children and youth.
- Delivering food to senior living facilities, HIV patients.
Scope and Applicability:
The policy covers the current as well as proposed CSR projects to be implemented by the Company aligned with the relevant provisions of the Companies Act, 2013 (“Act”) and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“Rules”).
It covers projects implemented either directly or through our implementing partners and NGOs.
From the list of the activities mentioned in below. We, plan to undertake activities in the following activities:
Desire Society Of HIV/AIDS Children:
- The mission of DESIRE Society is to improve the lives of people struggling with the impact of the HIV/AIDS pandemic, especially children and women.
- To reduce the morbidity and mortality of the CLHAs (Children Living with HIV/AIDS) is the main objective of this project.
- To help CLHAs access antiretroviral (ARV) drugs from Govt & monitor them for drug adherence
- To support orphans and vulnerable children infected and affected with HIV/AIDS through Institutional Care Homes (ICH)
- To advocate for stigma free living society for children living with HIV/AIDS
- No. of children = 18 (boys and girls)
- DESIRE SOCIETY has been initiated a project which is committed to provide services of treatment, nutrition, shelter and education with moral support to children living with HIV/AIDS.
Activities Of The Project:
- Shelter and Food
- Health care
- Education and Moral Support
- Social Security
- Established in the year 2001, Netra Vidyalaya in Chepala Uppada, Visakhapatnam is a top player in the category Schools for Blind in the Visakhapatnam.
- Netra Vidyalaya provides education from primary level to high school, junior & senior college, where hundreds of blind students are benefiting every year.
- Netra Vidyalaya was first founded in 2001 for the Blind and Visually Challenged in Vijayanagaram with 18 students.
- Today, Netra Vidyalaya is proud to serve more than 1860 students by providing them the best education and making them self-reliant.
- To advocate for stigma free living society for children living with HIV/AIDS
- Netra Vidyalaya in Chepala Uppada has a wide range of products and / or services to cater to the varied requirements of their customers.
- They readily answer any queries or questions that you may have.
- Pay for the product or service with ease by using any of the available modes of payment, such as Cash.
- This establishment is functional from Open 24 Hrs – Open 24 Hrs. It is at Bheemili Beach Road, Near Ramadri, Bheemli Mandal, Mangamaripeta Village, which makes it easy for first-time visitors in locating this establishment.
- It is known to provide top service in the following categories: Schools for Blind.
Address: C/o JEEYAR EDUCATIONAL TRUST Varija, Door No 13-239, Bheemili Beach Road, Chepala Uppada, Visakhapatnam – 531163, Near Ramadri, Bheemili Mandal, Mangamaripeta Village.
Spoorthi Orphanage – AIM Spoorthi Welfare Society:
- Spoorthi Orphanage is someone who lost their parents and left alone in this world.
- This is the most heartbroken category to which everyone tries to lend their support in kindness.
- We may try to give them their daily needs like food, clothing, accommodation etc.
- but there are more important things they really need in their life is LOVE, CARE & AFFECTION.
- These children are provided with basic facilities like shelter, clothing and food along with education.
- Some of these children who are old enough to go to school are funded for their education. Try to spend your valuable time with these deprived kids who need utmost Love & Care from us.
Daily Routine Of Kids:
Address: D. No.27-3-189, Gajuwaka Bypass Rd, Official Colony, Sri Nagar, Gajuwaka, Visakhapatnam, Andhra Pradesh 530044.
CSR Budget/Total Outlay:
The Company will specifically contribute, in every financial year, at least 2% of the average net profits of the Company made during the three immediately preceding financial years towards the CSR projects and activities identified under this policy. The net profit and average net profit shall be calculated in line with the provisions of section 198 of the Act.
The Company’s spend on CSR will be in accordance with the themes/activities identified in Schedule VII of the Act.
Expenses incurred by the Company for the fulfilment of any other statute or regulations would not count as CSR expenditure under the Act.
The Company may also build capabilities of their personnel/CSR team and the implementing partners while ensuring that such expenditure is no more than 5% of the total CSR spend of the Company.
Salaries paid by the Company to regular CSR employees as well as to volunteers of the Company (in proportion to Company’s time/hours spent specifically on CSR) will be factored into CSR project cost as part of the CSR expenditure.
In the unlikely scenario of the Company failing to spend the target amount within the specific financial year, the CSR Committee shall submit a report in writing to the Board of Directors.
Any surplus, if any, arising out of the CSR projects will not be considered as a part of the business profits of the company.
Maintenance of any assets created as part of the CSR projects will belong to the implementing NGO/agency and an undertaking to that effect will be taken from them for the said asset.
The relevant CSR programs and projects will be identified by the individual owners in line with the guidelines set in the policy. The CSR Committee shall be responsible for monitoring and periodic review of the policy.
The program owners will provide a status update to the CSR Committee on the progress of implementation of the approved CSR Programs carried out. It shall be the responsibility of the CSR Committee to review such reports and keep the Board apprised of the status of implementation of the same.
At the end of every financial year, the CSR Committee will submit its formal report on CSR projects for the year to the Board.
We have adopted an “ecosystem approach” to realize our CSR Vision. Using the ecosystem approach, we have identified and partnered with various organizations, created a shared objective and designed projects that are aligned to our overall CSR objectives. These organizations include our partners, national and grassroots-level non-governmental and not- for-profit organizations, governments, multilateral organizations. Our partners work in varied fields e.g. wildlife conservation, education, empowerment, environment and social justice.
- The investment in CSR would be project based and every project will have clear deliverables, measurable outcomes and periodic milestones which will be defined at the outset.
- Each project will also have a budget assigned with modalities for utilization of funds
- Projects identified and approved under the annual CSR plan will be implemented either directly by the company through our CSR personnel, our partners or through NGOs having an established track record of at least three years in implementing the specific activities.
- The NGO is a registered Society/Public Charitable Trust/Section 25 Not for Profit organization/Company established under the section 8 of the Act
- The NGO has a valid Tax Exemption Certificate
- The NGO has a current Foreign Contribution Regulation Act (FCRA) Certificate
The Company may also collaborate with other Microsoft legal entities in India or any other company to implement joint CSR projects where there is a possibility of each organization being able to report separately on such projects and programs.
The Company may form trusts on its own to carry out CSR projects/activities in accordance with CSR rules and to administer its CSR activities. The Company may jointly along with other Microsoft entities form Trust/s to administer the CSR projects/activities as may be eligible and approved by the respective CSR Committees.
Monitoring and Reporting:
We shall have a valid Memorandum of Understanding (MOU)/ Contract Assignment with individual organizations that we partner with to carry out our CSR activities. The individual MOU/Assignment shall include the following Monitoring Mechanism:
- The Partner Organization shall submit periodic reports on the project activities and status reports
- The Partner Organization shall submit audited financial statements, including cash flow and management accounts on completion of the project/ at the end of the relevant financial year.
- Periodic field visits by the person deputed by the Company
- Review of the reports submitted by the Partner Organization
- Auditing the accounts of the projects/activities if needed
To ensure steady progress and proper utilization of CSR amount the following monitoring mechanism from our side shall be adopted:
The CSR Committee shall report to the Board of Directors, at least on an annual basis, the status report of the CSR projects/initiatives undertaken by the Company along with the report on the impact created by such projects/initiatives.
In order to ensure transparency of communication to all stakeholders, this policy shall be made available for viewing and download on our website. Further, a detailed status report on the CSR activities carried out would be disclosed every year as part of the Director’s Report in the Annual Report.
This policy will be reviewed from time to time by the CSR Committee to update and to comply with the applicable laws. The CSR Committee may also refer matters to the Board in order to seek guidance on CSR matters.