We at JBS are looking forward at corporate success and social welfare while actively supporting
the view of the Ministry of Corporate Affairs of India in implementing the Corporate Social Responsibility (CSR) activities laid by the Ministry of Corporate Affairs.
We are taking our steps towards earmarking a part of our income for carrying out the social responsibilities.
We believe that social responsibility is not just a corporate obligation that has to be carried out but it is one's dharma and responsibility.
Therefore, we believe our philanthropic endeavours would be a reflection of our spiritual conscience and thus provides us a way to discharge our
responsibilities to the various sections of the society.
The Company shall seek to positively impact the lives of the disadvantaged by supporting and engaging in activities that aim to improve their wellbeing.
Across the different programme areas identified by the company, it would be our endeavour to reach the disadvantaged and the marginalized sections of the society to make
a meaningful impact on their lives.
We hereby are committed to identify and support programmes aimed at:
• Promotion of education
• Eradication of extreme hunger and poverty
• Gender equality and women empowerment
• Reducing child mortality and improving maternal health
• Combating HIV-AIDS, malaria and other diseases
• Contribution to Prime Minister's relief fund and other such state and central funds.
• Social business projects
• Environment sustainability
• Employment enhancing vocational skills
• Any other programme that falls under CSR Policy and which are aimed at the empowerment of disadvantaged sections of the society.
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This policy shall apply to all projects/programmes that would be undertaken by the company as part of the Company's Corporate Social Responsibility.
The policy shall be developed, reviewed and updated periodically with reference to relevant changes in corporate governance,
international standards and sustainable and innovative practices. The policy will maintain, at all times,
compliance and alignment with the activities listed in Schedule VII and Section 135 of the Companies Act 2013 and the rules framed there under.
The approval of the CSR policy and oversight is the responsibility of the Company's Board of Directors.
The responsibility of the CSR committee is to formulate the policy and to administer the policy through implementing partner(s) or
via self-implementation. The CSR Committee shall provide guidelines for projects/partner selection to the respective HR or CSR teams,
wherever applicable, if required. The CSR committee is to ensure that projects/programmes are compliant with regulations and are monitored and reported effectively.
As the Company's CSR activities evolve, the policy may be revised by the CSR committee and approved by the Board of Directors.
The CSR Committee shall recommend to the Board the amount of expenditure to be incurred on the CSR activities to be undertaken by the
company as specified in Schedule VII of the Companies Act 2013, as amended from time to time. In case of any surplus arising out of CSR projects,
the same shall not form part of business profits of the Company.
The Company shall undertake CSR project/ programmes identified by the CSR Committee and approved by the Board of Directors in line with the CSR Policy.
The Company shall implement its CSR programmes / projects:
• Through an implementation partner that can be a public charitable trust or a society registered under applicable Acts or a Company registered under Section 8 of the
Companies Act 2013; or
• On its own, through the relevant HR or CSR department: or
• Through its own foundation (if applicable) specifically created for implementing its CSR initiatives.
The Company may enter into partnerships or alliances with NGOs, Trusts, or other Corporate Foundations etc. to effectively implement its CSR programmes/projects.
The Company can also implement programme in collaboration with other company(ies), if permissible and feasible.
The Company would be adopting a focused and a structured approach towards implementing its CSR initiatives approved by the Board of Directors.
The CSR Committee will oversee the implementation and monitoring of all CSR projects / programmes and periodic reports shall be provided for review to the Board.
The Company will institute a well-defined, transparent monitoring and review mechanism to ensure that each CSR project / programme has:
1. Clear objectives developed out of the societal needs that may be determined through need assessment studies and research (secondary or primary);
2. Clear targets, time lines and measureable indicators, wherever possible;
3. A progress monitoring and reporting framework that is aligned with the requirements of Section 135 of the Companies Act 2013 and the CSR Rules.