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Old 24th January 2018, 05:04 PM
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Join Date: Aug 2012
Default Re: Hindustan Petroleum Corporation Limited CSR

HPCL, as a responsible Corporate Citizen, has practiced the CSR model of
Creating Shared Values , by reaching out to the stakeholders, community and society who are directly or indirectly involved in its business operations

CSR Details:


CSR Objectives

HPCL will focus its CSR activities on local communities around which the Company lives and operates like Refineries, Terminals, Depots, LPG Plants, Pipelines, Aviation Stations, Lube Blending Plants, Project locations and other offices, etc.

HPCL is committed to allocate at least 60% of the CSR Budget for these local communities.

HPCL will implement CSR activities to empower weaker, less privileged and marginalized sections of the society to create Social Capital.

The role / responsibilities of the CSR Committee include:

Formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII of the Companies Act 2013.
Recommend the amount of budgeted expenditure to be incurred on the activities referred to in clause (1) above.
Monitor the Corporate Social Responsibility Policy of the company from time to time.
Institute a transparent monitoring mechanism for implementation of the CSR projects/programs/activities.
Monitor implementation of CSR activities on quarterly basis.
Approve programs / projects / activities with monetary value of Rs.70 Lakhs and above in each case.
Approve projects/programs/activities of any value which are outside HPCL s focus areas.

Address

Press Relations and Corporate Communications,
Hindustan Petroleum Corporation Limited.
3rd floor, Petroleum House,
17, Jamshedji Tata Road,
Mumbai - 400020.
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