Corporate Social Responsibility (CSR) Policy
GUIDING PRINCIPLE
CSR is the process by which an organization thinks about and evolves its relationship with stakeholders for the Common good, and demonstrate its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is not Charity or mere donations. CSR is a way of conducting business, by which corporate entities visibly contribute to using resources to engage in activities that increase not only their profits but contributes to overall development of the environment in which they operate. They use CSR to integrate economic, environmental and social objectives with the company’s operation and growth.
BACKGROUND
At M/s QLIKMATRIX SEM AND ANALYTICS PRIVATE LIMITED, social responsibility starts from the top management level itself and percolates down till the junior-most level. The Company strongly believe that apart from extending regular financial help to the needy, poor, weaker, and less privileged sections of the society, the most effective way of discharging the Corporate Social Responsibility by a Company shall be to adopt a business policy which includes actions and initiatives that are not though mandated by any statutes but are voluntarily taken so as to benefit the whole society.
At M/s QLIKMATRIX SEM AND ANALYTICS PRIVATE LIMITED, we have voluntarily reduced the usage of paper to the maximum possible by using online facilities to send all official communication to our customers on a regular basis. We have also resorted to online facilities for all our Internal Communications like inter-office memos, all employees’ claims, all official notifications to employees etc. This way the Company has done its bit for the conservation of our environment by helping in preserving more trees.
CSR VISION STATEMENT AND OBJECTIVE
Our mission is to improve quality of life of community in which we operate through integrated development.
The Objectives of this policy is to:
- Promote a unified approach to CSR to incorporate under one umbrella the diverse range of the philanthropic activities, thus enabling maximum impact of the CSR initiatives.
- Ensure an increased commitment at all levels in the organization, to operate in an economically, socially and environmentally responsible manner while recognising the interests of all its stakeholders.
- Encourage employees to participate actively in the Company’s CSR and give back to the society in an organized manner through the employee volunteering programme.
SCOPE AND APPLICABILITY
This policy shall be applicable to M/s QLIKMATRIX SEM AND ANALYTICS PRIVATE LIMITED and shall be effective from the date of approval by the Board of Directors of the Company.
THE COMPOSITION OF THE CSR COMMITTEE
The Company is not required to Constitute CSR committee pursuant to section 135(9) of Companies Act, 2013.
Total outlay for each financial year
As per the provisions of Section 135 of the Companies Act, 2013.
Allocation of Resources & Thrust Areas
The Board of the Company allocate the CSR amount towards the activities as listed in schedule VII of the Companies Act, 2013 have been incorporated in the Company’s CSR policy.
- Eradicating hunger, poverty and malnutrition, promoting preventive healthcare and sanitation including contribution to the Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water;
- Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects.
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
- Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;
- Measures for the benefits of armed veterans, war widows and their dependents;
- Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympics sports;
- Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Schedule Castes, the Scheduled Tribes, other backward classes, minorities and women;
- Contribution or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
- Rural Development
- Slum area development
The Board shall review from time to time the CSR activities to be undertaken by the Company.
The Company may make contributions to the Corporate Foundations/Trusts, either towards its corpus or directly for its projects and may also itself undertake CSR activities.
The surplus arising out of the CSR activities will not be considered as a part of the business profits of the Company.
Implementation
The Board of the company shall ensure:
- To formulate, a Corporate Social Responsibility Policy indicating the activities to be undertaken by the Company in compliance with the provisions of the Companies Act, 2013 and the rules made thereunder;
- To decide the amount of expenditure to be incurred on the activities referred to above;
- To monitor the implementation of the Corporate Social Responsibility Policy of the Company from time to time;
Further employee participation in CSR projects will be encouraged and supported through the appropriate platform.
Executing Agency/Partners
CSR initiatives will be undertaken by the local CSR Teams of Company or CSR consultants with the active involvement of employees with other Not for Profit Organization.
The CSR activities may also be undertaken by Company through their own or subsidiary or associate company’s registered society or trust or a Section 8 Company. The CSR activities may also be undertaken in collaboration with other companies where such collaborating companies are in a position to report separately as per the reporting requirements under the Companies Act, 2013 and Rules thereunder.
Any modification / changes to this Policy shall be made only with the approval of the Board of Directors of the Company.
