Wärtsilä India Private Limited (WIN) acts as a Responsible Global Citizen to promote the Corporate Social Responsibility (CSR) activities which creates added value for local community or stakeholder by undertaking socially useful programmes for welfare & sustainable development of the community at large.
This policy shall apply to all CSR initiatives and activities taken up at areas around the various WIN locations including O&M sites, for the benefit of different segments of the society.
WIN shall undertake and carry out CSR projects specified within schedule VII to the Companies Act, 2013 (the Act) and Companies (Corporate Social Responsibility Policy) Rules, 2014 (the Rules), and amendment thereafter.
CSR committee consists of directors nominated by the Board from time to time. The composition is as required by the Act & the Rules framed thereunder.
Role & Responsibility of CSR Committee
All CSR projects / activities are identified in a participatory manner, in consultation with the community and gauging their basic needs. Subsequently, based on a consensus and in discussion with the village panchayats and other key stakeholders, projects /activities are prioritised.
Prior to the commencement of projects, baseline study and / or need assessment shall be done. From the data generated, CSR Projects / Activities are identified for the holistic and integrated development of the marginalised.
Identified Projects / activities are presented by the CSR Taskforce to the CSR Committee for approval. All projects are assessed under the agreed strategy, and are monitored every quarter, measured against targets and budgets. Wherever necessary, midcourse corrections are affected under the guidance of the CSR Committee.
Need based collaborative partnerships with the Government, the District Authorities, the village panchayats, NGOs and other like-minded stakeholders are being formed. This helps widen the Company's reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
For achieving its CSR objectives through implementation of meaningful & sustainable CSR programmes, WIN will allocate not less than 2% of its previous 3 year’s average Net Profit computed as per the provisions of section 198 of the Companies Act, 2013 From the annual CSR Budget allocation, a provision will be made towards the following expenditure heads, on a year on year basis:
|Sr. No.||Project Name||Project Description|
|1||Serve||Rural Development Project by installing the Solar Power for community.|
|2||Swasthya||Providing primary health care facility for deprived section of society in villages around Khopoli.|
|3||Gyan||Providing financial support to underprivileged student for completing education.|
We as a company hereby confirm that: