Cement, Energy and Environment

• A company can also carry out CSR works through a registered trust or society or a separate company. As per the rules, a company may also collaborate with other companies for CSR activities, provided they have to separately report about spending on such projects or programmes. In an official release, corporate affairs minister Sachin Pilot said the rules have been finalised after extensive consultations with all stakeholders . "The rules provide for the manner in which CSR committee shall formulate and monitor the CSR policy; manner of undertaking CSR activities, role of the board of directors therein and format of disclosure of such activities in the board's report," Mr Pilot said. A wide range of activities. including livelihood enhancement projects and steps for the benefit of armed forces veterans, have been brought under the CSR ambit. When it comes to having manpower for CSR works, the government has said that companies can spend only up to five per cent of total CSR expenditure for them in a financial year. This would be applicable for own personnel as well as those of their implementing agencies. To ensure transparency; companies carrying out CSR activities have to display works on their respective websites. Among other activities, livelihood enhancement and rural development projects, promoting preventive healthcare and sanitation as well as making safe drinking water available would be considered as CSR activities. Working towards 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 would also come under the ambit of corporate sod responsibility. Courtesy: The Statesman, New Delhi, 28.02.2014, Pg. No. 16-17 ~ ~ I VING PLANET REPORT wWf ~~ .. .. ~~-'-· How many 'Eartha' worth of resources do we conaume? 7.2 9.6 Globalhuman 3.7 population I I 2050 mo 2013 80 COz emiSsions 35.6 per year 1U IG_.tl 11170 2012 • • I <