Economic, social and environmental benefits

Corporate Social Responsibility Philosophy

JLPL is a socially responsible company. It acknowledges that it receives various benefits from the society at large directly and indirectly and realizes that it needs to in turn contribute to the welfare of the society. Such contribution would, in addition to adopting the best business and industrial practices and technologies, include actions such as behaving ethically and responsibly towards the environment, contributing to social welfare through appropriate projects and programs and helping in times of nation disasters by providing succor to the needy and so on. Accordingly, JLPL has in the past been contributing to various social welfare activities as part of its Corporate Social Responsibility (CSR) initiatives.

With the enactment of Section 135 of the Companies Act, 2013 (the Act) and the Companies (Corporate social responsibility Policy) Rules, 2014, JLPL’s CSR philosophy has been formalized and is relatable to the subjects enumerated in Schedule VII of the Act.

This Policy has been recommended by the Corporate Social Responsibility Committee (Committee) and has been approved by the Board of JLPL.

Policy Objective

JLPL shall endeavor to meaningfully enhance the lives of disadvantaged section of the society by undertaking programs/projects as a part of the CSR activities. Towards this end, this policy lays down the guiding principles for JLPL to carry out its CSR activities and also the process for the execution, implementation and monitoring of such activities. This policy shall be applicable to all projects and program undertaken as part the Company’s CSR activities. The policy shall be reviewed and updated periodically as JLPL’s CSR initiatives evolve over time. It shall also always maintain compliance and alignment with the activities listed in Schedule VII and Section 135 of the Companies Act 2013 and the rules framed there under.

List of Projects/Programs

JLPL shall in the initial phase concentrate on the following areas from amongst the activities list under Schedule VII of the Act. These activities shall be carried out in projects and programs mode.
Eradication hunger, poverty and malnutrition, promoting preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of 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
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 the scheduled castes, the scheduled tribes, other backward classes, minorities and women
JLPL may in future also take up the following other areas listed in Schedule VII of the Act as part of its CSR activities
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 including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga
Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts
Measures for the benefit of armed forces-veterans-, war widows and their dependents;
Training to promote rural sports, nationally recognized sports, Paralympics and Olympic sports
Contribution or funds provided to technology incubators located within academic institution which are approved by the Central Government
Rural development projects
Any other activities in relation of the above and all other activities which forms part of CSR as per Schedule VII of the Act, 2013 as amended from to time.
JLPL’s CSR activities shall be undertaken only in India for the benefit of the public. Preference shall be given to the local areas and areas where the Company operates for undertaking the CSR Activities.

Amount to be spent on CSR Activities

The Company shaII strive to spend in every financial year at least 2% (two percent) of the average net profits of the Company before tax during the three immediately preceding financial years as per section 135 of the Act and the Rules framed there under.

Net Profit here means the net profit computed for a financial year in accordance with the applicable provisions of the Act, excluding profit arising from any overseas branch of the Company whether operated as a separate company or not and any dividend income accruing to the Company in any financial year· from companies in India that are covered under and complying with the provisions of Section 13 5 of the Act. The net profits of JLPL for the financial years 2011-12, 2012-13 and 2013-14 computed under the provisions of the Companies Act 1956-slraJJnot be recomputed in accordance with the provisions of the Act.

Any surplus arising and/or additional revenue generated out of CSR Activities undertaken by JLPL shall not form part of the net profit of JLPL and it shall be spent for undertaking CSR Activities only.

Implementation of CSR Activities

JLPL may undertake CSR Activities directly or through a registered trust or society or any company, established by JLPL or its subsidiary or associate company under Section 8 of the Act. JLPL may also carry out the CSR Activities through other NGOs (i.e. registered trust or society or section 8 companies) having an established track record of 3 (three) years in undertaking the CSR Activities. It may also collaborate with other companies for undertaking the CSR Activities subject to fulfillment of separate reporting requirements as prescribed in the Rules. The CSR Activities shall not include any activity undertaken by JLPL in pursuance of its normal course of business. Also, any CSR activities that benefit only the employees of JLPL shall not be considered as part of JLPL ‘s CSR activities. JLPL shall not make any payment directly or indirectly to any political party or parties as regards CSR Activities

Procedure for CSR Activities

JLPL’s CSR activities shall be carried out through the CSR Committee.

The Committee shall recommend to the Board the CSR activities to be undertaken during for the financial year. Such recommendation shall include a detailed plan, modalities of execution of the activities, their budgets and implementation schedule, process by which they shall be monitored along with the amount to be incurred on such CSR activities.

The Board shall consider the recommendations of the Committee and may give its approval. On Board’s approval JLPL shall proceed with the approved CSR activities.

The Committee shall monitor on a regular basis the carrying out of CSR activities and submit periodic reports to the Board as well as special reports if so required by the Board. The reports shall disclose the status of the CSR activities undertaken, expenditure incurred and any other details as may be required by the Board.

The Committee shall be responsible to ensure compliance with statutory provisions and JLPL’ s CSR Policy. The Committee shall also carry out such other functions related to CSR activities as may be assigned by the Board.

The Board’s report to shareholders shall include an annual report on CSR containing the particulars given in the Annexure to the Companies (Corporate Social Responsibility Policy) Rules, 2014.

Get to know more

Our CSR Activities

Get to know more

Mobile Diagnostic Clinic(MDC)

Get to know more

Kannoil Vision Saver Project