As a corporate entity, our Company “Ecos (India) Mobility & Hospitality Private Limited” recognizes that its business activities have wide impact on the societies in which it operates, and therefore an effective practice is required giving due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations.
The vision of the Company is “to actively contribute to the social and economic development of the communities in which it operates.”
CSR Policy & Initiate of the Company
In order to fulfill the above objective, Corporate Social Responsibility (CSR) Policy of the Company has been framed, under which the Company shall undertake the CSR activities through the “Aashirwad Trust” established in the year 2016 by the Promoters of the Company to initiate necessary steps/ activities for advancement and betterment of the society.
The Trust is an irrevocable public charitable trust made for the benefit of all persons belonging to different communities irrespective of their caste, creed or religion.
The trust is constituted with the object of:-
a) Promoting education, including special education and employment enhancing vocation skills or professional training especially among children, women, elderly, youth and the differently abled and livelihood enhancement projects;
b) Running and organizing basic educational facilities to helpless children; looking after their health and creating atmosphere for their upliftment;
c) To establish schools, colleges and other educational institutions as would be considered necessary and expedient for the benefit of the beneficiaries;
d) To establish, maintain and support libraries, reading rooms for advancement of education and knowledge in general;
e) Affording of medical relief to public in such manner as the Trustee may think fit;
f) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation and making available safe drinking water;
g) Promotion of Indian and orient therapies of medical science to serve the masses by naturopathy, ayurved, yoga and other alternatives medicine;
h) To provide medical aid, medical facilities or assistance for medical treatment and for that purpose, inter alia, to enter into agreement or agreement with any hospital, dispensaries and allied institution or with any physician, surgeon or specialist for achieving this object in such manner and to the extent the trustees deem it expedient and necessary;
i) To institute scholarships to the deserving and/or needy amongst the beneficiaries with the objectives of promoting education at all stages;
j) To finance education of the deserving and/or needy with such conditions or regulations as the trustees would deem necessary in the general interest of the trust;
k) To afford relief to the poor in such manner as the Trustee may deem fit including distribution of free food and clothes to the poor and needy;
l) To set up and help by endowment or other or otherwise institution or funds for the benefits of the poor widows;
m) To subscribe, contribute and/or donate to any public funds or institutions or public charitable trust for the promotion of any public charitable trust as are authorized by this Deed;
n) To provide legal assistance to ladies harassed for dowry and other reasons;
o) Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measure for reducing inequalities faced by socially and economically backwards groups;
p) To have playgrounds and other equipment’s to promote education and general health of the beneficiaries;
q) To open welfare centres for the beneficiaries for promoting health, education, culture and such other similar objectives as would result in the general betterment of the public;
r) To seek cooperation and guidance from other trust having similar aims and objects and to extend cooperation to all other trusts having similar aims and objects, financially and socially;
s) To organize programmes and seminars for exchange of experiences thoughts of different organizations, institutions and persons;
t) Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports;
u) All other activities which are helpful for the upliftment of human as whole, in the eyes of the trust;
v) Contribution to Prime Minister Relief Fund.
The aforesaid objects are stipulated in the Trust Deed.
To attain its CSR objectives in a professional and integrated manner, activities shall be carried out by the “Aashirwad Trust”, in accordance with the provisions of Section 135 of the Companies Act, 2013 and Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 or as may be amended from time to time.
Pursuant to the provisions of sub section (5) of section 135 of the Companies Act, 2013, the Company shall spend in every financial year at least 2% of the average net profits of the Company made during the three immediately preceding financial years in the activities mentioned in the CSR Policy and/or Trust Deed or as may be amended from time to time.
Under the terms of CSR Policy, if the amount allocated and transferred for the purpose of compliance for CSR activities remains unutilized, it will not lapse and will be carried over to the next year which will accumulate in non-lapsable pool as provided in CSR Policy of the Company.
Towards achievement of CSR objectives, the Company shall abide by the CSR Policy of the Company framed in accordance with the Companies Act, 2013 and Rules framed thereunder or as may be amended from time to time.
Objectives to be covered under CSR Policy
Our Company is vigilant in its enforcement towards corporate principles and is committed towards sustainable development and inclusive growth.
The Company constantly strives to ensure strong corporate culture which emphasizes on integrating CSR values with business objective.
The vision of the Company is “to actively contribute to the social and economic development of the communities in which it operates”.
In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index.
To attain its CSR objectives in a professional and integrated manner, followings are the activities which may be carried out by the Company, in accordance with the provisions of Section 135 of the Companies Act, 2013, Schedule VII of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.
- Eradicating hunger, poverty and malnutrition, promoting preventive health care and 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, daycare centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward,
- 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;
- 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 art and handicrafts,
- Measures for the benefit of armed forces veterans, war widows and their dependents;
- Training to promote rural sports, nationally recognised sports, paraolympic sports and Olympic sports;
- Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government,
- Rural development projects,
- Slum Area Development
- Any other project, welfare activity in line with the aims and objectives specified above and within the ambit of the provisions of Section 135 of the Companies Act, 2013 read with (Corporate Social Responsibility Policy) Rules, 2014, and duly approved by the Board of Directors of the Company;
- As a part of CSR strategy, in line with the aims and objectives specified above, the scope of CSR activities would cover the following areas:
c) Drinking Water/ Sanitation;
e) Community Development and Social Empowerment;
f) Generation of employment opportunities and livelihood;
g) Any other activity as may be identified by Board of Directors.
Responsibility of CSR Committee
- Formulation, development, amendment in policy framework and broad guidelines for selection of the projects, planning, budget execution and monitoring;
- Selection of a project in accordance with policy framework and guidelines, prepare a project report along with estimated cost and send for the approval of Board;
- Formulation of strategies for efficient implementation along with other stakeholders like civil society and implement the project as per guidelines;
- Supervision, coordination and implementation of CSR activities/ projects;
- Compilation of information and preparation of regular/ annual reports etc;
- To coordinate with various other departments for exchange of information for promotion of CSR activities and ensure harmony in activities by different agencies;
- Submit quarterly and annual statements of physical and financial progress to the Board;
- To consider and approve the projects for CSR activities and submit annual budgetary allocation among various projects;
- To arrange workshops, training etc. to sensitize the staff for better implementation of the policy;
- To keep up-dated CSR policy including the changes/ clarifications suggested/issued by the Ministry of Corporate Affairs and other government agencies;
- Discussions and interactions with various private/ Government bodies/ Government officials may be held to identify the areas for undertaking CSR activities;
- While identifying the CSR activities, emphasis shall be on the areas related to the business of the Company;
- A survey may be carried out to find out the needs and requirements of community before planning a project;
- The target beneficiaries, the local authorities, institutions etc. involved in similar activities if need be, may be consulted in the process of planning and implementation of CSR program;
- Based on the need analysis survey, prepare a detailed program report reflecting content, objectives, major milestones, time frame for implementation, budget thereof and implementing agency.
The investment in CSR activity would be project based and for every project, time-frame and periodic targets would be finalized at the outset along with the modalities for the concurrent and final evaluation.
- Ensure that that the CSR activities are in accordance with the approved policy. Activities related to sustainable development will form a significant element;
- May assign CSR projects to NGOs/ specialized agencies under an MOU/ Agreement reflecting the mutual terms and conditions for the projected activities. The Committees should make all efforts to verify the reliability and past track record of the engaged agency and only agencies of good repute may be engaged.
Monitoring and Evaluation
- The impact of the CSR activities undertaken should be quantified to the extent possible with reference to baseline data, to be created before the start of any project. Therefore, Base-line surveys would be an integral part of CSR program so that progress can be measured. Photographic record may be maintained wherever possible;
- For proper and periodic monitoring of CSR activities, if considered necessary, the programs undertaken under CSR policy may be evaluated through a suitable independent external agency and the evaluation should be both concurrent and final.