CSR

Policy purpose

Assam Gas Company’s Corporate Social Responsibility (CSR) policy refers to our responsibility toward our environment. It’s part of a bigger system of people, values, other organizations and nature. The social responsibility of a business is to give back to the world just as it gives to us.


What is corporate social responsibility?

CSR is the process of assessing an organization’s impact on society and evaluating their responsibilities. CSR begins with an assessment of a business and their:

  • » Suppliers
  • » Environment
  • » Communities
  • » Employees
  • » Customers


Corporate Social Responsibility & Sustainability

With a strong commitment towards socioeconomic development and environmental protection of the region, AGCL has taken up various CSR initiatives for improving the living conditions of less privileged people in the operational area of the company. The vision of sustainable inclusive growth drives both business as well as corporate social responsibility activities. The CSR & Sustainability Policy of the Company was approved by the Board on 23 rd April, 2015 which was subsequently revised by the Board in its meeting held on 29 th June, 2016 to enhance its scope in line with provision of the Companies Act, 2013.


OBJECTIVE: The objective of the Policy is to:
  • (a) Formulate, implement, monitor and evaluate CSR and sustainability projects / activities through a structured mechanism.
  • (b) Include CSR proposals in the company’s annual budget and ensure effective utilization of the allocated resources.
  • (c) Provide a monitoring and evaluation methodology / philosophy.

The Policy is to ensure conformity to Section 135 of the Companies Act, 2013 along with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Schedule VII, and applicable guidelines on CSR and Sustainability as issued / may be issued by Ministry of Corporate Affairs, Govt of India, Deptt of Public Enterprises, Govt of Assam and in their absence, by Deptt of Public Enterprises, Govt of India.


The CSR structure of Assam Gas Company Ltd consists of two tiers:


Tier –I : comprising of at least three members of the Board representing functional, nominee and independent directors.


Tier –II : Nodal Officer assisted by a team of officials which will comprise upto six employees of the company from various functional areas.


A. The Tier-I Committee recommends the proposals for approval of the Board exceeding` 5.00 Lakhs in each case. It approves the CSR Projects and Budget for the year and also monitor implementation of the approved Policy and projects, evaluate performance of the projects / activities and report on a semi-annual basis to the Board. The Tier-I Committee acts as advisor to Tier-II CSR committee.


B. The Tier-II Committee is to be chaired by the Nodal Officer and is responsible for the following:


  • (I) Identify CSR and Sustainability projects on the basis of need assessment based on surveys conducted in house or through external agencies, discussions with stakeholders, civic bodies, etc.
  • (II) Identify and propose suitable and competent agencies which may be able to execute the projects for and on behalf of the company.
  • (III) Monitor implementation of the projects.
  • (IV) Any other CSR related activity such as media management, etc.

AGCL’s initiatives towards CSR and Sustainability were pursued with increased emphasis during 2016-17. Some of the highlights of CSR and Sustainability activities undertaken by your Company during the year are :


  • (I) Health Care and Sanitation
  • (II) Environmental Sustainability and Ecological Balance and
  • (III) Employment enhancing vocation skills
  • (IV) Promotion of education.
  • (V) Integrated Village Development

CSR POLICY

Assam Gas Company Ltd., being a relatively small company with limited manpower and resources, has decided to restrict the CSR activities to a few broad heads within the framework of Schedule VII of Section 135 of the Act and CSR Rules. As a CSR policy the company’s focus is on:


  • (A) Promoting health care and sanitation and making available safe drinking water under Clause (i) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013.
  • (B) Promoting education, employment enhancing vocation skills, livelihood enhancement projects under Clause- (ii) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013
  • (C) Promoting gender equality, empowering women and measures for reducing inequalities faced by socially and economically backward groups under Clause- (iii) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013
  • (D) Ensuring environmental sustainability, ecological balance under Clause (iv) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013.
  • (E) Promotion and development of traditional arts and handicrafts under Clause v Responsibility Policy) Rules, 2014 of the Companies Act, 2013.
  • (F) Contribution to funds set up by the Central Government for socio-economic development and relief and welfare of women under Clause- (viii) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013.
  • (G) Rural Development Projects under Clause- (x) of Schedule VII of the Companies (Corporate Social Responsibility Policy) Rules, 2014 of the Companies Act, 2013.

OUR INFRASTUCTURE:

  • 9 nos of Gas Booster compressor at Duliajan.
  • 1 no of Gas Boosters Station at Uriamghat under BOO contract.
  • Extensive network of Steel pipelines (Assorted Dia.).
  • Extensive network of PE pipelines (Assorted Dia.).
  • Gas Receiving & Delivery Terminals.
  • In house Repair & Maintenance of sophisticated equipment.

OUR CONCERNS

  • Focus on customer satisfaction and achievement of highest customer satisfaction level.
  • Maintaining a steady growth rate and profitability
  • Compliance of all statutory and regulatory requirements
  • Maintaining financial discipline and good corporate ethics
  • Uphold a good industrial relation
  • Top priority for Health, Safety and Environment
  • Security of men and materials

ACHIEVEMENTS OF AGCL

  • 24 X 7 Uninterrupted gas supply to all its consumers.
  • Achieving high customer satisfaction level.
  • Regular payment of dividend to Govt. of Assam.
  • Maintaining excellent public relations.
  • Maintaining harmonious relationship with workers.
  • Compliance of all statutory & regulatory requirements.
  • High standard of safety and security.