Corporate social responsibility (CSR) is a strategy companies undertake not just to grow profits as corporate citizens but to take an active and positive social role in the society where it exists.
The government of West Bengal is committed to providing adequate resources for the welfare of the people. Hence, a need has been felt for optimal utilization of the CSR Fund by facilitating the CSR spending of both the public and private sector companies. The impact created through CSR initiatives could be humongous if they are customized to meet the state’s specific needs.
The CSR Portal acts as a platform for selecting, implementing and monitoring eligible projects under CSR. The state has constituted the West Bengal CSR Council under the chairmanship of the Chief Secretary to manage CSR funds and monitor CSR activities. This portal facilitates the registration of the companies and entering the proposed shelf of projects to be executed out of CSR funds.
West Bengal Industrial Development Corporation Ltd.
West Bengal Industrial Development Corporation Ltd. (WBIDC), formed in 1967 under the Companies Act, is the premier nodal agency of West Bengal’s Commerce and Industries Department. Corporate Social Responsibility (CSR) is the commitment of the corporation to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner while recognizing the interests of its stakeholders.
WBIDC, through industrialization, strives to ensure the overall socioeconomic development of the state in a sustainable manner. Through its activities related to Corporate Social Responsibility, WBIDC intends to evolve different participatory and need-based initiatives, in conformity with Schedule VII of the Companies Act, 2013, as notified by the Ministry of Corporate Affairs of the Government of India, for the upliftment of living standard of people residing in the neighbourhood area of Industrial Park/ Project.
Haldia Petrochemicals Ltd
As a progressive and prospering organization, HPL would like to formalize and institutionalize its CSR activities (which are now implemented on a piecemeal basis). This will benefit the local community around the plant and communities in other parts of the state and enhance the Company’s goodwill and visibility in the long run.
The main objective of the CSR Policy will be to lay down broad guidelines to enable HPL to include CSR as an integral part of its corporate activity and to implement a robust and meaningful CSR programme for sustainable socio- economic development.
The CSR Policy of HPL includes CSR projects or programmes which the Company plans to undertake to fall within the purview of Schedule VII of the Companies Act 2013, read with the Companies (Corporate Social Responsibility) Rules 2014, with such amendments as may be notified by MCA from time to time. It also provides modalities for executing such projects and programmes and implementation schedules.
