FM-CSR Policy
FM-CSR Policy
FM-CSR Policy
Introduction
Long before the notification of the Companies Act 2013 which made Section 135
for CSR mandatory for certain class of companies, the Forbes Marshall Group was
formally and strategically involved in social initiatives. Over the years, Forbes
Marshall has believed in the philosophy of contributing and giving back to the
community it operates in. Thus, when the factory was originally set up in Pune in
1958, the Company began working actively with key stakeholders in
the community; understanding their needs and working as a catalyst to positively
impact lives.
The principle objective of Forbes Marshall’s social initiatives is ‘Energising
Communities in our Neighbourhoods Worldwide’; it aspires to benefit
communities wherever it operates. Our core values of Sustainability, Diversity and
Inclusivity drive the Company’s CSR policy. The foundation of the policy is based
on Forbes Marshall’s overall purpose, values and aspirations.
The philosophy
The Company believes that it is possible to bring about a positive change in
the community when the gaps in education, health, livelihood, and amenities
of the community’s choice are addressed. Forbes Marshall’s social
initiatives address overall wellbeing, thus giving rise to goodwill of the
neighbourhoods and related stakeholders.
Core values driving the Company and CSR are : Integrity –Energizing self ;
Family Spirit –energizing members; Excellence – energizing customers/
stakeholders ;Global Citizenship- energizing communities.
“Ongoing activities”
The Department of Social Initiatives established more than four decades ago works
with the neighbourhood communities, most particularly in the areas of Education
by providing support for quality education, vocational skills training, and
providing facilities for education; Empowerment through developing leadership,
development of strong Community Based Organisations, and a community
functionary cadre to ensure the sustainability of programmes; and
Entrepreneurship development through financial literacy, access to micro
Activities are identified with the participation of the community. The focus areas
of our Intervention are Education, Entrepreneurship, Health and Community
Empowerment; the key stakeholders being women, youth, and children from
disadvantaged sections of society.
The Company works for the development of financial literacy for women leading
to access to micro credit. The programmes for youth and children are centered
around quality education leading to enhanced life-skills, helping access to
vocational skills training, opportunities for gainful employment and
entrepreneurship, and relevant health services.
FM’s CSR activities are implemented through three inter-related entities:
- Department of Social Initiatives which is a department of the Forbes
Marshall group.
- Forbes Healthcare Foundation, a Section 8 Company, incorporated under the
Companies Act, 2013 on 21st July, 2015.
- Forbes Foundation (‘the Foundation’) which was set up in 2007-2008 to
allow wider funding of social initiatives, Company’s Foundation.
The Foundation awards grants to organisations that creatively address issues in its
grant making priority areas namely :
- Education: Initiatives that enhance the quality of education in our country,
particularly those that strengthen the pedagogy of teachers, educators and care
providers in the foundational years; and those that develop life skills and
vocational skills, in adolescents and youth.
- Community health: Supporting under funded health initiatives, particularly
focused on vulnerable communities; leading to enhanced quality of life and better
health outcomes for the target audience.
- Governance: Initiatives that help to improve governance; either by collaboration
with local government bodies or by unlocking government schemes and
programmes, for the most vulnerable of our population.
- Building Capacity and Resilience of the Social Sector: Initiatives that either help
develop capacity of organisations or build leadership and management skills of
personnel, working in the social sector.
The Foundation supports research studies that examine India's most pressing social
issues; resulting in increase in thoughtful charity. Research on evaluation and
impact assessment of philanthropic initiatives are also considered.
Grants are provided to organisations, where the approach is aligned to those of the
Foundation. These include initiatives which address underserved or little funded
needs, those that have an innovative approach or strategy, initiatives which are
potentially sustainable and replicable; and those which have an element of
developing local leadership.
Additionally, the Foundation encourages collaborative initiatives, which lead to
enhanced impact on underserved themes or populations.
Composition of the CSR Committee, various CSR projects and the CSR policy of
the company can be found on
our website www.forbesmarshall.com.
Disclaimer
The Company does not and shall not consider the following as CSR activity:
Any activity carried out by the company in the normal course of its business;
Any activity benefitting only the company’s employees;
Political contributions;
Sponsorship activities for deriving marketing benefits for its products or
services;
Activities in fulfilment of statutory obligations;
Activities undertaken outside India (except for training sports personnel
representing State/National level).
Plan of Action
The Company has duly formulated the annual action plan for Fiscal Year 2021-22
which has been approved by the Board of Directors of the Company.
The CSR activities shall be implemented through the above mentioned three inter-
related entities and / or through the CSR implementing agencies which are
registered under Section 12A and Section 80G of the Income Tax Act and having a
unique CSR Registration Number.
CSR Activities
During this fiscal year and beyond, the FM Group shall undertake the following
CSR related activities primarily for communities in its local area of corporate
operations:
Sr Area Activities Description Implementing Agency Nature of activity
no
1 Health care
i Shehernaz Medicare Centre Hospital providing subsidised medical care FHF and NGO . Ongoing
Health Outreach Programme Creating awareness related to health issues NGO, CBO , Govt Ongoing
ii &conducting health camps
iii Child Development Project Identifying developmental delays in children in the age NGO, CBO Ongoing
group birth to 6 years, parent counselling &referral
iv Child Guidance Centre Assessment of IQ and counselling services for parents NGO Ongoing
&children
v Rural Health Outreach Integrated health for adolescent girls and young NGO,CBO, PHC New
married women in Chakan
2 Education
i Study Hall Supplementary learning centre for high school students NGO ,CBO New
ii Community Learning Centres Learning centres to address the Foundational Literacy NGO New
and Numeracy skills of school going children.
iii TARANG Training adolescents on reproductive health, HIV and NGO New
gender in secondary schools.
iv Girls Scholarship Programme Supporting girls for high school education NGO New
V Support to High school Student Alumni wing of first generation English NGO New
students medium school graduates.
3 Employment Skill training to Engineers Short term course in skilling technicians in chosen NGO New
enhancing geography in India .
vocational
skills
4 Environment Solid waste management Holistic program in villages in Chakan NGO, Gram Panchayat , CBO Ongoing
protection
and
conservation
of natural
resources
5 Livelihood Umang Income generation activities for women NGO New
enhancement
Newspaper Bag and other Income Generation program for PCMC &Chakan NGO New
products making
Goatery Development Livelihood generation in Chakan villages NGO , CBO Ongoing
6 Measures for
reducing
inequalities
I Affirmative Action Training program for enhancing employability NGO New
Ii Finishing school Soft-skills training program NGO New
7 Empowering
women
i Self Help Groups and Micro finance activities for community women NGO,CBO New
Federation
ii Women Entrepreneurial Supporting women owned businesses NGO,CBO New
Network
iii Legal & Government Jankaar Training women to be paraprofessional workers for NGO,CBO New
women related issues and government schemes
8 Rural
Development
projects
i Training programmes Vocational skill training in villages close to our Chakan NGO New
plant
ii Women development Enhancing awareness in health, social and legal issues NGO New
The above identified CSR Activities will be implemented and executed by non-
profit agencies which are more than three years old in co-ordination with in-house
CSR Team. These agencies would work singly or jointly with other agencies. Such
agencies would include:
Voluntary Agencies;
NGO's;
Company’s Forbes Foundation;
Forbes Healthcare Foundation (a Section 8Company);
Self Help Groups;
Community based organizations;
Mahila Mandals, Samities, etc;
Government Bodies, Semi-Government or Autonomous Organizations;
Institute/ Academic Organizations;
Individual Developmental Resource Person;
Other Non-profit/Charitable Organization.
Implementing Schedule
Details of “ongoing activities” (of three years duration) already under the
Company or the Foundation’s support are mentioned in the table of activities.
CSR Assets
The Company shall ensure any capital asset/s created with CSR funds is/are NOT
owned by the Company instead these assets shall be owned by the Forbes
Foundation or implementing agencies or community or public authority.
Unspent CSR funds (if any)
The Company shall ensure that any unspent amount for an “ongoing project” for
the relevant Financial Year shall be transferred within thirty days of the end of the
Fiscal year to a designated “Unspent Corporate Social Responsibility Account”
opened by the company.
The funds in the “Unspent CSR Account” shall be spent within three years. If
unspent, then the funds shall be transferred to any fund mentioned in Schedule VII
of the Indian Companies Act (such as the Prime Minister’s National Relief Fund,
PMCARES, etc.).
The Company shall also ensure that unspent CSR funds NOT related to an ongoing
project (unallocated) at the end of the relevant fiscal year shall be transferred
within six months of the end of a Financial Year to a fund mentioned in Schedule
VII of the Act (such as the Prime Minister’s National Relief Fund, PMCARES,
etc.).
Surplus (if any) arising out of CSR Activities
Any surplus arising out of CSR activities will not go back to the company’s profits.
It shall either be:
a) Ploughed back or spent on the same project/program that gave rise to the
surplus; or
b) Transferred to the company’s Unspent CSR Account; or
c) Transferred to a fund mentioned in Schedule VII of the Act