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CSR Policy: HCL Technologies Limited Corporate Social Responsibility Policy

This document outlines HCL Technologies' corporate social responsibility policy. It details the objectives of supporting sustainable development and lists eligible CSR activities like education, healthcare, gender equality and environmental sustainability. It specifies that CSR activities must benefit India and cannot include political contributions, employee benefits or one-off events. CSR projects will be executed directly by HCL or through partner organizations and overseen by a committee. Surplus funds will not be profits but reinvested, and expenditures include contributions, salaries of CSR staff and volunteers implementing eligible projects.

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Mittal Kirti Mukesh
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71 views

CSR Policy: HCL Technologies Limited Corporate Social Responsibility Policy

This document outlines HCL Technologies' corporate social responsibility policy. It details the objectives of supporting sustainable development and lists eligible CSR activities like education, healthcare, gender equality and environmental sustainability. It specifies that CSR activities must benefit India and cannot include political contributions, employee benefits or one-off events. CSR projects will be executed directly by HCL or through partner organizations and overseen by a committee. Surplus funds will not be profits but reinvested, and expenditures include contributions, salaries of CSR staff and volunteers implementing eligible projects.

Uploaded by

Mittal Kirti Mukesh
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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CSR Policy

HCL TECHNOLOGIES LIMITED


CORPORATE SOCIAL RESPONSIBILITY POLICY

1. Objective
The objective of the Corporate Social Responsibility (CSR) policy (“Policy”) of HCL Technologies Limited
(“HCLT” or “Company”) is to lay down guidelines for proper execution of CSR activities of the Company
so as to support the sustainable development of the society.
2. CSR Activities, Projects and Programmes
(a) The CSR activities, projects and programmes that will be undertaken by the Company shall be
those as may be approved by the committee that will be constituted / reconstituted by the Board
of Directors of the Company in this regard (CSR Committee). The CSR Committee will approve
the undertaking of such activities, projects and programs as are covered under the following
areas set out in Schedule VII of the Companies Act, 2013:
i. Eradicating hunger, poverty and malnutrition, promoting healthcare including preventive health
care and sanitation and making available safe drinking water;
ii. Promoting education including special education and employment enhancing vocation skills
especially among children, women, elderly and the differently abled and livelihood
enhancement projects;
iii.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;
iv.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;
v. 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;
vi.Measures for the benefit of armed forces veterans, war widows and their dependents;
vii.Training to promote rural sports, nationally recognized sports, Paralympics’ sports and Olympic
sports; and
viii.Rural development projects.

(b) The Committee, at its discretion, approve a 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.

(c) The Committee, at its discretion, may approve a contribution to technology incubators located
within the academic institutions approved by the Central Government.

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(d) While approving the CSR activities, the Committee shall give preference to the local area where
the Company operates, for spending the amounts earmarked for CSR activities.

3. Qualifications and Exclusions


a. Activities undertaken in pursuance of normal course of business of the Company shall not be
considered as CSR activity under the Policy.
b. Contributions of any amount directly or indirectly to any political party shall not be considered as
CSR activity under the Policy.
c. Only those CSR activities, projects or programs that are undertaken in INDIA shall qualify as CSR
activities under the Policy.
d. Activities, projects or programs that benefit only the employees of the Company and their families
shall not be considered as CSR activity under the Policy.
e. One-off events such as marathons/ awards/ charitable contributions/ advertisements/
sponsorships of TV programmes etc., shall not be considered as part of CSR expenditures under
the Policy.
f. Expenses incurred for fulfilling the requirements of any statute, shall not be counted as CSR
expenses under the Policy.

4. Modalities for execution


The approved CSR activities, projects and programmes shall be carried out in any of the following ways
as the CSR Committee in its absolute discretion may decide. The CSR Committee may decide to use any
one or all or a combination of any of the following ways to undertake the said CSR activities, projects and
programmes:
a) By the Company directly;
b) Through HCL Technologies Foundation, a Trust that has been established by the Company;
and/or
c) Through any other registered trust / any registered society / any other company that is qualified to
undertake CSR activities in terms of the provisions of the Companies Act, 2013.
In the event the CSR activities are undertaken by the entities listed in (b) and/or (c) above, the Committee
shall specify the activities, projects or programs that are to be undertaken, the modalities for utilization of
funds on such projects and programs and the monitoring and reporting mechanisms to be followed in that
regard.

5. Implementation and Monitoring


a) The implementation schedule for each approved activity, project or programme shall also be
approved by the CSR Committee and all such activities, projects and programmes will be
accordingly monitored by the CSR Committee.
b) A report on a periodic basis, as may be desired by the Board, shall be provided to the Board by
the CSR Committee.

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6. Treatment of Surplus
Any surplus that may arise out of the approved CSR activities, projects and programmes that are carried
out shall not form part of the business profits of the Company and such surplus shall be dealt with in the
manner deemed appropriate by the CSR Committee.

7. CSR Expenditures
The CSR expenditures shall include all expenditures, including contribution to corpus on the activities,
projects or programs as are approved by the CSR Committee and shall not include expenditures on any
item not in conformity with the activities specified in Paragraph 2 hereinabove. However, contributions to
the corpus of a Trust/ Society/ Company set up under Section 8 of the Companies Act, 2013 will qualify
as CSR expenditure as long as (a) the entity is created exclusively for undertaking CSR activities or (b)
where the corpus is created exclusively for a purpose directly relatable to a subject covered in Schedule
VII of the Act. Salaries paid to regular CSR staff and to volunteers of the Company (in proportion to
time/hours spent specifically on CSR activity) will also be factored into CSR project cost as part of the
CSR expenditures.

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