#1
21st November 2017, 10:52 AM
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CSR of Hindustan Aeronautics Limited
Hii sir, I Wants to get the Information About the Corporate Social Responsibility Policy of the Hindustan Aeronautics Limited ?
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#2
21st November 2017, 11:54 AM
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Re: CSR of Hindustan Aeronautics Limited
As you asking for the Information About the Corporate Social Responsibility Policy of the Hindustan Aeronautics Limited the Information is given below We at Hindustan Aeronautics Limited (HAL) strive to accomplish our vision of becoming a significant global player in the aerospace industry and to address the concerns of economic status, environment and well being of the society through CSR initiatives. HAL will: Operate its CSR Projects in a socially responsible & sustainable manner, while recognizing the interests of all its stakeholders by adopting a shared value approach Objective : The Objectives of the CSR projects will be as follows: i) To carry out CSR activities in an economically, socially and environmentally sustainable manner that is transparent and ethical ii) To integrate the core values of the company with the philosophy of corporate social responsibility (CSR) and Sustainability. i ii) To incorporate the spirit of CSR and Sustainability to the employees at all levels and to infuse into all the activities, processes, operations and transactions of the company Scope: HAL will integrate the CSR and Sustainability plans and strategies with the business plans and strategies. The Projects / Activities as deemed fit under Schedule VII of the Companies Act, 2013 (Appendix A) will be taken up by the Company and any changes/updations made in the Companies Act, 2013 thereto will be adopted accordingly. Any other Project / activity not falling within the ambit Companies Act, 2013 under Schedule VII, will not be considered as a CSR Project / activity and the amount spent therein will not be accounted for CSR Expenditure of the Company. Definitions: 3.1 Corporate Social Responsibility (CSR) means and includes but is not limited to: - (i) Projects or programs relating to activities specified in Schedule VII to the Companies Act, 2013; or (ii) Projects or programs relating to activities undertaken by the board of Directors of the company (Board) in pursuance of recommendations of the CSR Committee of the Board subject to the condition that such Projects will cover subjects enumerated in Schedule VII of the Companies Act, 2013. Corporate Social Responsibility Policy of the Hindustan Aeronautics Limited |