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CSR Policy of Whirpool India LTD.: This Reflects in The Policy As Mentioned Below

The document summarizes the CSR policy of Whirlpool India Ltd. and Philips India Limited. Whirlpool's CSR policy focuses on promoting employment and vocational skills training, as well as community development projects. They have provided skills training to over 3,800 youth across India. Philips' CSR policy aims to supplement the government's role in enhancing welfare, with a focus on areas like eradicating hunger, promoting education, gender equality, health, and environmental sustainability. Both policies emphasize skills development and generating income for economically backward groups.

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119 views

CSR Policy of Whirpool India LTD.: This Reflects in The Policy As Mentioned Below

The document summarizes the CSR policy of Whirlpool India Ltd. and Philips India Limited. Whirlpool's CSR policy focuses on promoting employment and vocational skills training, as well as community development projects. They have provided skills training to over 3,800 youth across India. Philips' CSR policy aims to supplement the government's role in enhancing welfare, with a focus on areas like eradicating hunger, promoting education, gender equality, health, and environmental sustainability. Both policies emphasize skills development and generating income for economically backward groups.

Uploaded by

mohit sharma
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CSR policy of Whirpool India Ltd.

Company’s CSR policy has been drafted to ensure betterment of society, while keeping

the humane touch intact.

This reflects in the policy as mentioned below:

 Promoting employment, enhancing vocational skills for employability of youth.

 Cultivating community development plans in the vicinity of our factories based on

needs and priorities of the host communities.

 Any other project or aid which the committee considers suitable for the welfare

of society or humanity at large, within the purview of Schedule VII (Section 135) or as

authorized by Government.

Whirlpool is delighted to present it’s sustained effort in the domain of CSR in third

successful year, We have steadied & strengthened all our projects in current year while

continuously monitoring the outcome and effect on target groups. We are honing our

capabilities to steer these projects on a path of “Demand based Interventions” to make

it more relevant, in coming years.

We are sure achieving these great goals will be amazing; Journey is no less satisfying

too!

SKILL DEVELOPMENT PROGRAM

In the third year of it’s implementation, our flagship CSR program on “Skill

Development” has reached some more milestones. We imparted vocational training to

more than 3,800 youths across India through training partners recognized by National
Skill Development Corporation (NSDC). Training imparted was in two domains; viz.

“Field Service Engineer” and “Retail Sales Associate” following the methodology defined

by NSDC and concerned Sector Skill Councils. Employment of successful candidates

remains a key area of our focus and placement was obtained for approximately 65% of

candidates by developing dependable channels of employment.

In financial year 2017-18, based on our learning of the past years the Company

proposed to adopt a focus approach for these program to make it more viable for the

concerned stakeholders by enhancing training modules as per changing technology &

trend.

PHILIPS INDIA LIMITED POLICY FOR

CORPORATE SOCIAL RESPONSIBILITY (CSR)

1.INTRODUCTION

The business of Philips India Limited and its subsidiaries are located in different parts

of the country. In the aforesaid backdrop, policy on Corporate Social Responsibility of

PIL is broadly framed taking into account the following measures: (i) Welfare measures

for the community at large including employees and their families, so as to ensure the

poorer section of the Society derive the maximum benefits. (ii) Contribution to the

society at large by way of social and cultural development, imparting education, training

and social awareness specially with regard to the economically backward class for their

development and generation of income. (iii) Protection and safeguard of environment

and maintaining ecological balance.


2. OBJECTIVE

The main objective of CSR policy is to lay down guidelines for the Philips India Limited

to make CSR a business process for sustainable development for the Society. It aims

at supplementing the role of the Govt. in enhancing welfare measures of the society

based on the immediate and long term social and environmental consequences of their

activities.

3. SCOPE AND AREAS TO BE COVERED

The poor and needy Section of the Society living in different parts of India would

normally be covered. However, the scope of the CSR policy at Philips India Limited

shall broadly include areas as under:

I. Eradicating extreme hunger and poverty

2. Promotion of Education

3. Promoting Gender Equality and Empowering women

4. Reducing child mortality and improving mental health

5. Combating human immunodeficiency virus, AIDS, Malaria and other diseases,

including improvement of health.

6. Ensuring Environmental sustainability

7. Employment Enhancing vocational skills


8. Social Business Projects

9. Contribution to Prime Minister Relief Fund or any other Fund set up by the Central

Government or State Government for socio economic development and relief and funds

for the welfare of scheduled caste, scheduled tribes, other backward caste and

minorities and women; and

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