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.
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:
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.
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:
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 :
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: