CIL Corporate Social Responsibility Policy – A brief compilation

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·     What is CSR?
CSR is a commitment by the organization, a strategic voluntary measures taken by the corporate sectors to focus upon the triple bottom line i.e. Social, Economic & Environment initiatives for simultaneous and sustainable growth of both the business and stakeholders.
·     Objectives of the CSR Policy:
1. To undertake initiatives and philanthropic measures with an objective to care for social,   economic and environmental sustenance.
2. To be a good corporate citizen.
3. To make CSR a key-business process for sustainable development.
4. Employment generation
5. Focus on nation building
·     Scope/Functions of CSR activities:
a         .      Environment Care
b         .      People Care
c         .      Health Care
d         .      Educational facilities
e         .      Cultural facilities/upliftment
f         .       Sports & game opportunities
g         .      Infrastructural facilities
h         .      Relief during natural calamities etc.  
·     Features of CIL-CSR Policy:
1.      Non-lapsable large fund asset
2.      Base line survey and documentation
3.      Implementation through an NGO or independent institutions prevalent in the community/concerned area.
4.      Proper monitoring & evaluation of the work undertaken through duly constituted  committee at Corporate level/Subsidiary level/Area Level/Project level.
5.      Independent auditing by outside agency.
·     Funding allocation:
1.   For subsidiaries of CIL, fund for CSR is generated based on 2% of average net profit of the company for the three immediate preceding financial years or Rs.2/- per tonne of coal production of previous year whichever is higher.
2.    For CIL(Standalone), fund for CSR is generated based on 2% of average net profit of CIL(Standalone) for the three immediate preceding financial years or Rs.2/- per tonne of total consolidated coal production of CIL as a whole of previous year whichever is higher and,

3.   The unspent amount in CSR budget in a particular year will not laps and shall be added with CSR budget of subsequent years for CIL and its subsidiaries.

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