Section B: Disclosure regarding Corporate Social Responsibility as per the Companies Act, 2015
Reliance Industries Ltd. (31-3-2015)
From Director’s Report
The Corporate Social Responsibility and Governance Committee (CSR&G Committee) has formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company, which has been approved by the Board.
The CSR Policy may be accessed on the Company’s website at the link: http://www.ril.com/getattachment/ d5fd70ef-e019-47e5-bb83-de2077874505/Corporate- Social-Responsibility-Policy.aspx. The key philosophy of all CSR initiatives of the Company is guided by three core commitments of Scale, Impact and Sustainability. The Company has identified six focus areas of engagement which are as under:
Rural Transformation: Creating sustainable livelihood solutions, addressing poverty, hunger and malnutrition.
Health: Affordable solutions for healthcare through improved access, awareness and health seeking behaviour.
Education: Access to quality education, training and skill enhancement.
Environment: Environmental sustainability, ecological balance, conservation of natural resources.
Protection of National Heritage, Art and Culture: Protection and promotion of India’s art, culture and heritage.
Disaster Response: Managing and responding to disaster.
The Company would also undertake other need based initiatives in compliance with Schedule VII to the Act.
During the year, the Company has spent Rs. 761 crore (around 2.85% of the average net profits of last three financial years) on CSR activities. The Annual Report on CSR activities is annexed herewith marked as Annexure II. (not reproduced)
Raymond Ltd. (31-3-2015)
From Director’s Report
As a part of its initiative under the “Corporate Social Responsibility” (CSR) drive, the Company has undertaken projects in the area of rural development and promoting health care. These projects are in accordance with Schedule VII of the Companies Act, 2013 and the Company’s CSR policy. The report on CSR activities as required under Companies (Corporate Social Responsibility Policy) Rules, 2014 is set out as Annexures – C (not reproduced) forming part of this Report. Apart from the CSR activities under the Companies Act, 2013 the Company continues to voluntarily support the following social initiatives:
i) Smt. Sulochanadevi Singhania School at Thane, Maharashtra run by Smt. Sulochanadevi Singhania School Trust (“the School Trust”), a public charitable educational trust,
ii) Kaliashpat Singhania High School in Chhindwara, Madhya Pradesh, run by an educational society, both the schools have an overall strength of about 8,000 students,
iii) Dr. Vijayapat Singhania School at Vapi, Gujarat run by the School Trust provides quality education not only to the Raymond employees’ children, but also to the children of the local populace.
iv) R aymond Rehabilitation Centre set-up for the welfare of under-privileged youth at Jekegram, Thane. This initiative enables less fortunate youth to be selfsufficient in life. This Centre provides free vocational training workshops to young boys over the age of 16. The three-month vocational courses comprises of basic training in electrical, air-conditioning & refrigeration and plumbing activities, and
v) A Tailoring Trust named ‘STIR’ (Skilled Tailoring Institute by Raymond) set up as a social initiative that provides tailoring skills to the underprivileged, school drop-outs, women and youth and helps improve their income generating capability and also retain the art of tailoring. Under the aegis of this Trust, Raymond Tailoring Centres have come up at Patna, Jaipur, Jodhpur and Lucknow.
