AF Corporate Social Responsibility (CSR)
comprises self-regulatory measures inducted and integrated in the business strategy of the organisation for the common benefit of the societies and the communities in which it operates. The Company conducts its business in a socially responsible and ethical manner. This Policy lays down the mechanism for undertaking socially beneficial programmes for sustainable development of the community at large.
Internal CSR activities of the Company focuses on creating and adding economic, social environment value to the society. Through its internal CSR activities the Company intends create value by supplying innovative products and services for maximum customer
- Focussed on Health and safety of its people.
- Aim to satisfy its customer's stated and implied needs by offering products, services and solutions that meet global standards of quality and technological excellence.
- Committed to the safekeeping of the environment wherever it operates through anticipating and evaluating the impact of its operations at every stage and continually review and improve the Environmental Performance.
- Focussed on Governance in its letter and spirit
Composition of CSR Committee
The members of CSR Committee shall comprise of three directors to be nominated by the
Board of Directors ("Board").
The Committee will meet once in a year or time to time as deemed necessary to monitor the
CSR Policy and recommend the CSR activities to be undertaken along with the amount of
expenditure to be incurred on CSR activities.
Quorum of two members is required to be present for the proceedings to take place.Members:
The Members of the CSR Committee are as follows:
1. Mr. K Vijay
2. Mr. Jacob Jiten John
3. Mr. S Gopal Scope:
The CSR activities needs to be carried out in India, preference shall be given to local areas and around where AF has its operations.Estimated Expenditure for CSR Activities during the year:
The CSR activities could be undertaken out of a part of net profit. The yearly qualifying expenditure should not be less than two percent of Average Net profit of the Company for last three financial years.
However if the company is not able to spend such amount towards CSR, the board shall in its
report, specify the reasons for not spending the amount.List of CSR projects or programs recommended
1) Health care and welfare activities
- Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation and making available safe drinking water including contribution to the Swach Bharat Kosh and making available safe drinking water;
2) Education sector and sustainable livelihood
- Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
3) Women and Child development and rehabilitation of disabled persons
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
- Measures for the benefit of armed forces veterans, war widows and their dependents;
4) Protection and safeguard of Environment
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;
5) Social and Cultural Development
- 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;
- Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
6) 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;
7) Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
8) Rural development projects
9) Slum area developmentsCSR Implementation and Schedule for implementation:
CSR Projects or activities shall be implemented by the specialized agencies and/or by various work-centres of the Company and/or by a duly constituted trust set up by the company as may be decided by the CSR Committee or Board from time to time.
Further, the activities planned for the year may also identify the period/time frame in which these are likely to be taken up and will be completed etc. and further, for carrying the CSR project/activities in a particular year estimated outlay for that year may also be prepared.Preparation and Submission of Report
The detailed working on implementation of project/activities will be prepared by the Committee on timely basis. The Committee may further add its remark and recommendations to its report. The Report may include deviations, if any from the planned project along with the reasons.Review and Modifications
The Board shall have power to modify the Policy.