Corporate Social Responsibility

Corporate Social Responsibility Policy

Our Vision: creating sustained value for its stakeholders through social, economic and environmental interventions. The Company ethos aims to enhance value creation and is committed towards playing a larger role in India’s sustainable development by embedding wider economic, social and environmental objectives. With a vision of becoming the benchmark in Automotive Components, the Company formulated a Corporate Social Responsibility (CSR) Policy to deliver internal and external positive socio-environmental impact while ensuring focused contribution towards CSR. The Policy applies to all the locations where Company offices are situated.

Approach towards CSR

  • Promote principles of social responsibility and inclusive growth through awareness and support.
  • Invest in socially and environmentally responsible activities to create positive impact.
  • Monitor the environmental and social investment of Company through structured governance and transparent performance indicators.

Areas under CSR

  • Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation and making available safe drinking water.
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects.
  • Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
  • Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water;
  • Measures for the benefit of armed forces veterans, war widows and their dependents
  • Training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports;
  • Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
  • Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government
  • Rural Development projects:- Any project meant for the development of rural India will be covered under this
  • Any other measures with the approval of Board of Directors on the recommendation of CSR Committee subject to the provisions of Section 135 of Companies Act, 2013 and rules made thereunder.

In healthcare, our endeavour is to promote preventive health care through:

  • Contribution to various organisations for treatment of diseases e.g. cancer.
  • Contribution to any other organisation (as may be decided by the board) for promotion of the preventive health care.

In Women empowerment, our endeavour is to:

  • Empowerment of Women healthcare
  • Promotion of Women education
  • Contribution to any other organisation (as may be decided by the board) for development of women.
  • Setting up homes and hostels for Women.

In Education, our endeavour is to spark the desire for learning and knowledge at every stage through

  • Schools
  • Balwadis for elementary education
  • Quality primary education

In Sustainable Livelihood our programmes aim at providing livelihood in a locally appropriate and environmentally sustainable manner through

  • Formation of Self Help
  • Conservation of natural resources.
  • Promoting gender equality.

In Infrastructure Development we endeavour to set up essential services that form the foundation of sustainable development through

  • Old age homes/day care centre/homes for orphans
  • Safe drinking water
  • Sanitation & hygiene
  • Promoting healthcare and sanitation

Budgets

A specific budget is allocated for CSR activities. This budget is project driven.

Management Commitment

Our Board of Directors, our Management and all of our employees subscribe to the philosophy of compassionate care. We believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. This is the cornerstone of our CSR policy.

 
Sameer Munjal
Member of CSR Committee
Gautam Munjal
Member of CSR Committee

Satyam stands as a true and responsible corporate citizen abiding to its duties towards the employees, environment and the society as a whole. It has been awarded with ISO 14001 and OHSAS 18001 certifications for eco friendly and safe manufacturing practices.

It takes care of the employees’ health by conducting regular check up camps. Regular training session and Quality Circles programmes are also conducted for professional and personal motivation and growth of the employees. The company also regularly organizes vocational trainings for its employees’ families.

The infrastructure is safety driven and has facilities like 100% power backup, cooling towers, water softening plants, rain water harvesting and sewage treatment plants. Minimal wastes, safe working environment and optimal usage of available resources characterize the governance aspect of Satyam Auto.

 


Sewage Treatment Plants


Rain Water Harvesting System