Philosophy

Corporate Social Responsibility is strongly connected with the principles of sustainability; an organization should make decisions based not only on financial factors, but also on the social and environmental consequences. A company's performance must be measured by its Triple Bottom Line contribution to building economic, social, and environmental capital towards enhancing societal sustainability.

Objective of CSR Policy

• Ensure an increased commitment at all levels in the organization to operate its business in an economically, socially & environmentally sustainable manner while recognizing the interests of all its stakeholders.
• To directly or indirectly take up programs that benefit the communities in & around its work centre and results, over a period of time, in enhancing the quality of life & economic well-being of the local populace.
• To generate goodwill for JIPL through its CSR initiatives and help reinforce a positive and socially responsible image of JIPL as a corporate entity.

Corporate Social Responsibility Committee Composition

The Corporate Social Responsibility Committee shall consist of four directors:

• Smt. Savitri Devi Jindal
• Shri Mahabir Prasad Jindal
• Shri Ratan Jindal
• Shri Sunil Jain

Role of CSR Committee

a. To formulate and recommend to the Board a Corporate Social Responsibility Policy that shall indicate the activities to be undertaken by the Company as specified in Schedule VII of the Companies Act, 2013.
b. To recommend the amount of expenditure to be incurred on the activities in a financial year.
c. To monitor the Corporate Social Responsibility Policy of the Company from time to time.
d. Any other matter as may be considered expedient by the members in furtherance of the CSR Policy.

Implementation

To implement the Company's CSR Programmes through company personnel, external implementing agencies, or registered trusts and Section 8 companies. The company will specify the CSR programmes which may be undertaken by those trusts in accordance with their objects and administrative and accounting processes laid down in the respective trust deeds.

CSR Activities

• Eradicating hunger, poverty, and malnutrition
• Promoting healthcare
• Making available safe drinking water and sanitation
• Promoting education
• Enhancing vocational skills and livelihood projects
• Women empowerment
• Reducing inequality faced by socially and economically backward groups
• Promoting art & culture
• Rural development projects

Source of Funds

JIPL will allocate 2% of its average net profits calculated under Section 198 of the Companies Act, 2013 made during the three preceding financial years, as its Annual CSR Budget.

CSR Expenditure

CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programmes undertaken in accordance with the approved CSR Plan. Any surplus arising from CSR programs shall not form part of business profits and shall be utilized for CSR activities only.

Disclosures

The Board's report, being a part of the Annual Report, shall disclose the composition of the Corporate Social Responsibility Committee, the contents of the policy, and CSR initiatives undertaken. This CSR Policy shall also be placed on the company's website.

Miscellaneous

In case of any doubt regarding any provision of the Policy, a reference shall be made to the CSR Committee. Any or all provisions of the CSR Policy would be subject to revision/amendment following guidelines from the Government.