JSW Power Trading-CSR-Policy-2016

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Power Trading Company Limited

CSR Policy
Power Trading Company Limited
CSR Policy

1. Preface

Policy Title CSR Policy

Version Number 1.00

Effective Date 22nd July, 2014

Authorised by Board of Directors

Corporate Social Responsibility Policy

JSW Power Trading Co. Limited (JSWPTC) is part of the $11 billion conglomerate, the JSW
Group which is a part of the O.P. Jindal Group. JSW has set up business facilities in various
core sectors of India. With verticals that are exploring innovative and sustainable avenues in
steel, energy, infrastructure and cement, the Group is paving the way for India’s development as
a global superpower.
JSWPTC, wholly owned Subsidiary of JSW Energy Limited, the energy vertical of JSW Group,
is engaged in power trading activities with a category “I” license, which is the highest category
Power Trading license issued by Central Electricity Regulatory Commission (CERC) to trade in
power in whole of India.

Our ethical practices, transparent businesses, strong Corporate Governance and focused
employees have contributed to make every endeavor a success. And we are not stopping here.
Expansions, upgradation and technological innovations are a way of life at JSW and we are
focused on becoming the Company that puts India on the global map by developing vibrant
communities along the way.

The JSW Group is committed to creating more smiles at every step of the journey. JSW
Foundation, the Group’s social development division is in constant pursuit of making life better
for communities with its various initiatives in the fields of health, education, livelihood and sports
along with art and culture.
Power Trading Company Limited
CSR Policy
Our zero effluent plants, green townships and happy employees are changing the course of the
nation with their spirited growth. JSW Group is proud to be charting a course to excellence that
creates opportunities for every Indian and leads to the creation of a dynamic and developed
nation.

JSW cherishes people and believes in inclusive growth to facilitate creation of a value-
based and empowered society through continuous and purposeful engagement of
society around.

JSW Group firmly believes in strengthening the social capital. It has adopted a Corporate
Social Responsibility Policy where it strives to address the issues related from antenatal
stage of life up to the reproductive age of 45 years in theme ‘Janam se Janani Tak , JSW Aap
ke Saath’ through a process of social inclusion.

JSW is committed to:

 Allocate 2 % Profit Before Tax (PBT ) towards Corporate Social Responsibility as


per the categories mentioned in the Schedule VII of the Companies Act 2013
 Transparent and accountable system for social development and conducting
periodic assessments
 Concentrate on community needs and perceptions through social processes and
related infrastructure development
 Provide special thrust towards empowerment of women through a process of
social inclusion
 Spread the culture of volunteerism through the process of social engagement.

FOCUS :
JSW has decided to focus on the complete life cycle approach where women shall be
empowered in such a way that they become strong positive force of change. Specific
interventions are recommended as below:
 Efficient maternal and child health care services
 Enhance access to improved nutrition services
 Early childhood education/ pre-primary education
Power Trading Company Limited
CSR Policy
 Completion of primary and secondary education
 Access to adolescent reproductive and sexual health and rights
 Enhancing the output of present occupation
 Employability and vocational education
 Responsible parenthood
STRATEGY:
JSWPTC allocates 2% of their profit before tax for the planning and implementation of CSR. All
the CSR initiatives are approved by the committee and the same are reviewed periodically.

Taking a note of the importance of synergy and interdependence at various levels, JSW would
adopt a strategy for working directly or in partnership, wherever suitable.

 The company will support initiatives all across the country. However, certain
geographies will be given priority depending on the emerging partnerships and a need
for co-investment.
 All the interventions would be formulated based on need assessment using different
quantitative and qualitative methods
 All the interventions would be adopted based on concurrent evaluation and knowledge
management through process documentation
 Social Mobilization, advocacy at various levels, and/or appropriate policy changes would
form part of the interventions in each sector

INTERVENTIONS:
In line with the approach and strategy, JSWPTC plans interventions in the field of health,
education, livelihood, vocational education, women empowerment, environment sustainability
and responsible citizenship. The key thematic interventions as per the Schedule VII of the
Companies Act 2013 include:
1. IMPROVING LIVING CONDITIONS (ERADICATING HUNGER, POVERTY,
MALNUTRITION, ETC.): JSWPTC is in the remote area where the access to livelihood
and sustenance for the population has remained a continued challenge. The poor
infrastructure and seasonal source of earning livelihood have been the major factor to
this. The indicators as per the census and other scientific data indicate these at the initial
stage of setting up plant location. JSW as per its commitment to the local development
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CSR Policy
and nation building has initiated various projects. Major projects planned under this
theme over next three years include:
a. Soil and water conservation
b. Enhancement of crop productivity and crop diversification
c. Livestock management
d. Complimenting government schemes such as ICDS- Integrated Child
Development Scheme and NRHM – National Rural Health Mission(ANC,PNC,
Immunization)
e. Entitlements- Facilitating access to government schemes
f. Linkages with the existing government schemes/ programs such as MNREGA,
PURA Model - Providing Urban Amenities in Rural Area model
g. Tracking of pregnancy and child birth
h. Screening of women for disease such as cancer, hypothyroidism, bone density,
etc.
i. Improvement of the infrastructure of Primary Health Centre
j. Awareness generation at the community level
k. Establishment of Voluntary Counseling and Testing Centre (VCTC )
l. Drop-in centre (Targeted intervention)
m. Sexually Transmitted Infections(STI)/Reproductive Tract Infection(RTI)
n. Trauma care services
o. Preventive measure to reduce the incidences of disease
p. Reduction of incidences of breast cancer among women in the plant
neighborhood
q. Building a cadre of para-medical workers
r. Emergency preparedness for vector-borne disease
2. PROMOTING SOCIAL DEVELOPMENT (PROMOTING EDUCATION, SKILL
DEVELOPMENT, LIVELIHOOD ENHANCEMENT, ETC.): Education is the basis for
improving the quality of life of people. Taking a note of this, JSW group both
independently and; in partnership with local government and civil societies has
undertaken various programs. Along with this, enhancing the productivity of available
workforce through engaging the youth with appropriate employability skills and assuring
sustainable livelihoods continues as one of the top priority. The activities planned under
this theme include:
a. Improving the infrastructure of local schools
Power Trading Company Limited
CSR Policy
b. Training of teachers
c. Establish computer aided learning centre( CALC)
d. Complimenting Mid-day meal program
e. Remedial classes for children with slow learning
f. Life skill education, leadership and motivation of children
g. Institution based education program for children with different abilities
h. Create opportunities for access to higher education
i. Plant operation & Maintenance
j. Technical knowhow and do-how
k. Rural BPO
l. Adoption of ITIs' ( Industrial Training Institutes)
m. Market driven enterprises

3. ADDRESSING SOCIAL INEQUALITIES (PROMOTING GENDER EQUALITY, WOMEN


EMPOWEREMENT, ETC.): Women are the primary focus for development of the
communities and the nation. JSWPTC strongly believes in this philosophy and has
planned and spearheaded various programs to strengthen partnership of women in the
process of development. Major projects planned to substantiate this include:
a. Skill building( vocational skills and employment)
b. Economic empowerment ( SHGs and entrepreneurship)
c. Social Business ( BPO, textile, enterprises)
d. Facilitating linkages for destitute and widow

4. ENSURING ENVIRONMENTAL SUSTAINABILITY:


Nurturing nature and adopting processes to enhance its sustainability remains a major
goal of the JSWPTC. As vigilant and responsible corporate, the major interventions
include:
a. Solid waste management
b. Sanitation and personal hygiene
c. Aforestation
d. Rainwater harvesting
e. Harnessing science and technology
f. Fostering Local innovations
Power Trading Company Limited
CSR Policy
5. PRESERVING NATIONAL HERITAGE:
Preservation and promotion of art, craft, culture, heritage, and monuments is one of the
strong focus of JSWPTC. Key activities under this theme include:
a. Preservation of art, crafts, culture, and monuments
b. Promotion of traditional art and culture

6. SPORTS TRAINING: Promotion and strengthening of the sports in India has always
remained as a key interest area for JSW Foundation.

7. SUPPORTING TECHNOLOGY INCUBATORS IN CENTRAL GOVERNMENT


APPROVED ACADEMIC INSTITUTES:
a. Fellowships/ grants to academic institutions for technology innovations

8. RURAL DEVELOPMENT PROJECTS:


a. Infrastructure development in rural area including road, toilets, lighting,
community centre, etc.
IMPLEMENTATION:
A. Implementing agency:

The CSR activities would be implemented by:


i. JSWPTC when the activities are related to civil works involving
construction of buildings, roads, and other infrastructure related projects.
ii. JSW Foundation in all other projects either by itself or in partnership with
Government, Foundations or any other institution with relevant expertise
and experience in the sector
B. Annual plan would be prepared with clear milestones indicating on a quarterly basis.

MONITORING MECHANISM:
A combination of various mechanisms would be adopted for the monitoring of the CSR
programs:
i. Monitoring meeting on a monthly basis by the respective CSR location In-
Charge
ii. Quarterly monitoring by the Location Head
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CSR Policy
iii. Half-yearly monitoring by Apex Committee of the Foundation and by the
Committee of the Board
iv. Yearly monitoring by the Board

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