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21st November 2017, 11:54 AM
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Join Date: Aug 2012
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








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