Switz Foods Pvt Ltd aims at conducting its business in a way that is sustainable, facilitating greater and more inclusive prosperity for current and future generations. Switz Foods Pvt Ltd recognizes that business enterprises are economic organs of the society and draw on societal resources. Hence, like a responsible “good corporate citizen” Switz Foods Pvt Ltd endeavors to carry on its business responsibly, mindful of its social accountability, respecting applicable laws and with regard for human dignity.
Switz Foods Pvt Ltd allocates at least 2% of its average net profits before taxes of the preceding three years, towards CSR activities to sustain and improve a healthy and prosperous environment and to improve the quality of life of the communities it serves. These initiatives of Switz Foods Pvt Ltd are independent of the normal conduct of Switz Foods Pvt Ltd’s business.
The CSR Policy of the Company has been formulated and adopted in terms of Section 135 of the Companies Act, 2013 and the Rules made there under. The Company undertakes CSR activities specified in Schedule VII of the Companies Act, 2013.
Constitution of CSR Committee:
Role of CSR Committee:
The CSR Committee will play the following role in fulfilling the Company’s CSR objectives:
The contribution will be made for any activities undertaken within India. The Committee will give preference to the local area and areas around it where it operates in spending the amount earmarked for CSR activities. Surplus arising out of the CSR activities will be utilized for the benefit of the community.
It is Switz Foods Pvt Ltd’s policy:
o Eradicating hunger, poverty and malnutrition (promoting health care including preventive health care) and sanitation (including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation) and making available safe drinking water.
o Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
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 measures for reducing inequalities faced by socially and economically backward groups.
o 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.
o 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.
o Measures for the benefit of armed forces veterans, war widows and their dependents.
o Training to promote rural sports, nationally recognized sports, paralymic sports and Olympic sports.
o 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 scheduled castes, the scheduled tribes, other backward classes, minorities and women.
o Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
o Rural development projects.
o Slum area development (‘Slum Area’ shall mean any area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force).
Implementation & Reporting
o List of CSR activities to be under taken.
o Geographical areas wherein such CSR activities are to be undertaken.
o Defined objectives (developed out of existing societal needs determined through baselines / studies / research).
o Defined expected timelines, outcomes, outputs and inputs.
o Implementation source, either directly or through some trust, society, company or otherwise.
o Monitoring system.
The Board of Directors may, based on its assessment of the Company’s needs, financial soundness, legal and regulatory developments, subject to compliance with the applicable laws and rules, at any time modify, change, vary, alter, amend, this CSR Policy.