The Companies Act, 2013 (the Act) mandates for Corporate Social Responsibility (CSR) and has formally introduced CSR to the dashboard of the Boards of Indian Companies but CSR is not new to Nissin ABC Logistics Private Limited (NALL) and it is a veteran CSR practitioner. NALL is an early adopter of CSR policy. The Company’s focus has always been to contribute to the sustainable development of the society and environment and make our planet a better place for future generation.
NALL, since its inception in 1999, has been working towards betterment of society & environment and shall thrive to keep continuing the contribution towards the betterment of the society at large.

CSR Vision:

NALL to be a socially responsible corporate by fulfilling our responsibilities as a member of the society and community, thereby targeting inclusive growth of the society under the categories mentioned in Schedule VII of the Companies Act, 2013.

Objective:

The main objective of this CSR policy is to lay down guidelines and also make CSR as one of the key business drivers for economic development that positively impact the society at large and encourage a positive impact through its activities on education, environment, communities, stakeholders and society.

Focus Area: 

The scope of activities are taken into account as per the schedule VII of the Act. The CSR programs and activities are broadly under the following areas;

• Education
• Community
• Environment Sustainability
• Rural Development

Constitution of Committee of Directors:

Pursuant to Section 135 of the Companies Act, 2013, the Board of Directors of the Company constituted a Corporate Social Responsibility Committee (CSR Committee) to oversee the CSR activities of the Company.

Implementation Strategy:

This refers to setting social responsibility goals and objectives, and drafting plans and programs purposed for realizing such goals and objectives through building and developing administrative structures directly connected with implementing social responsibility plans, determining roles and responsibilities along with delegating powers, providing resources, and training employees to guarantee raising their awareness on social responsibility.

At NALL, dedicated CSR team will be formed who shall be responsible for;

• Forming work team to lead the social responsibility.
• Setting and developing a methodology for social responsibility that conforms with corporate objectives.
• Reviewing all plans and activities, as well as previous operations in the domain of social responsibility.
• Organize Training programmes for CSR staff
• Any other activity necessary to ensure achievement of CSR mission.

Collaborative Working:

Collaborative working – also known as joint partnership working – covers a variety of ways that two or more organizations can work together. Options range from informal networks and alliances, through joint delivery of social projects.

NALL would strive for collaborative working with corporates, renowned NGO’s and Trustworthy Trusts for any unique social projects which will have a impact to the society at large.

Governance:

• Every year, the CSR committee will place for the Board’s approval, a CSR plan delineating the CSR programmes to be carried out during the financial year and the specified budgets thereof. The Board will consider and approve the CSR plan with any modification that may be deemed necessary.
• The CSR committee will assign the tasks of implementation of CSR plan within specified budgets and timeframes to CSR team
• The CSR team to which the implementation is assigned will carry out such CSR programmes as determined by the CSR committee within the specified budgets and timeframes and report back to the CSR committee on the progress thereon at such frequency.
• The CSR committee shall review the implementation of the CSR programmes once a quarter and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR programmes in accordance with this Policy.
• At the end of every financial year, the CSR committee will submit its report to the Board.

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 plans. Moreover, any surplus arising from any CSR programmes shall be used for CSR.