CSR Of Hindustan Petroleum

I am making project report on the topic Hindustan Petroleum Corporation Limited (HPCL) and searching for some details. Will you please provide me some details about CSR Of Hindustan Petroleum along with role / responsibilities of the CSR Committee of this HPCL corporation?

HPCL will focus its CSR activities on local communities around which the Company lives and operates like Refineries, Terminals, Depots, LPG Plants, Pipelines, Aviation Stations, Lube Blending Plants, Project locations and other offices, etc.

HPCL is committed to allocate at least 60% of the CSR Budget for these local communities.

HPCL will implement CSR activities to empower weaker, less privileged and marginalized sections of the society to create Social Capital.

The role / responsibilities of the CSR Committee include:

Formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII of the Companies Act 2013.
Recommend the amount of budgeted expenditure to be incurred on the activities referred to in clause (1) above.
Monitor the Corporate Social Responsibility Policy of the company from time to time
Institute a transparent monitoring mechanism for implementation of the CSR projects/programs/activities.
Monitor implementation of CSR activities on quarterly basis.
Approve programs / projects / activities with monetary value of Rs.50 Lacs and above in each case.
Approve projects/programs/activities of any value which are outside HPCL’s focus areas.

All projects/programs/ activities will be in the areas of:

Child Care
Education
Health Care
Skill Development
Sports
Environment & Community Development

Address

Press Relations and Corporate Communications,
Hindustan Petroleum Corporation Limited.
3rd floor, Petroleum House,
17, Jamshedji Tata Road,
Mumbai - 400020.

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