CSR is a practice that holistically integrates an organization’s core business with the social and environmental concerns of the community impacted. It gives impetus to economic development and improves the living standards of community members and society at large. With the introduction of the Companies Act, 2013 (Section 135), the disclosure of CSR activities was rendered necessary for all companies meeting the prescribed criteria. They must contribute two percent of their profits for this purpose. Thus, the Act in question encourages transparency and places greater responsibility on companies, to have a clear framework for their CSR activities.
The Schedule VII of Section 135, Companies Act, 2013, defines interventions that qualifies as CSR activities
1. Eradicating hunger, poverty and malnutrition
2. Promoting education
3. Promoting gender equality and empowering women
4. Ensuring environmental sustainability
5. Protection of national heritage, art and culture
6. Measures for the benefit of armed forces veterans
7. Training to promote rural and nationally recognized sports.
8. Contribution to the Prime Ministers’ National Relief Fund
9. Contributions to technology incubators
10. Rural development projects.
11. Swacch Bharat & Clean Ganga
It is also important that the community members are held collectively responsible and encouraged to take ownership of the development, thus promoting the agenda of sustainability for future generations.
SEED has rich experience and expertise in implementing Corporate Social Responsibility (CSR) projects on behalf of corporates and PSU’s that resonates with the mission, vision, practices of sustainable development and other key philosophies of the client. While doing so, SEED not only facilitates improvement in the overall quality of life of the local communities, but also helps its client to secure the trust and goodwill of the communities, reduce risks, enhance public perception and address stakeholders’ concerns.
Working at the grass-root level in 17 states SEED has positively impacted lives of over a million marginalized population through CSR interventions in the areas of: Community Mobilization, Quality Education, WASH, Skill development, Capacity Building and Livelihood Promotion, thus enabling them to live a healthy and respectful life.