NIKON INDIA CORPORATE SOCIAL RESPONSIBILITY POLICY
NIKON INDIA PRIVATE LIMITED
Nikon India is an employee, Customer and environment friendly organization and already has in practice for the benefit of the society in various terms. It is recognized that integrating social, environmental and ethical responsibilities into the governance of businesses ensures the long term success, competitiveness and sustainability.
The main objective of CSR policy is to make CSR a key business process for sustainable development of the society. Nikon India will act as a good corporate citizen and aims at supplementing the role of Government in enhancing the welfare measures of the society within the framework of its policy.
The CSR activities will be in line with this CSR Policy, focused not just around its operating areas but also in other geographies based on the need of the communities. Nikon India plans to undertake the following in its endeavour to fulfil its CSR Commitment.
- Promoting Education including Special Education and Employment Enhancing Vocational Skills.
- Ensuring Environment Protection and Sustainability
- Rural Development
- Promoting Health Care including Preventive Health Care
- Eradicating Hunger, Poverty and Malnutrition.
Any other activities with the approval of Board of Directors on the recommendation of CSR Committee including as specified in Schedule VII of Company Act, 2013 and its amendments.
Organisational Mechanism and Responsibilities
The Board of Directors of the Company shall constitute a Corporate Social Responsibility Committee of the Board (“CSR Committee”) consisting of two or more directors. The CSR Committee shall –
- Formulate and recommend to the Board, a CSR policy and activities to be undertaken by the company as per Schedule VII;
- Recommend the amount of expenditure to be incurred on the activities; and
- Monitor the Policy of the company from time to time.
The Board of the company shall after taking into account the recommendations made by the CSR Committee, approve the policy for the company and disclose contents of such Policy in its report and ensure that the activities as are included in the CSR Policy of the company are undertaken by the company.
All activities/projects of CSR will be assessed under the agreed strategy and will be monitored on timely basis measured against targets and budgets. Wherever necessary, midcourse corrections may be made.
The CSR Committee shall be responsible for overseeing the planning, coordination and implementation of CSR activities and compliance of same shall be reported to stakeholders through the Company’s Annual Report.
Further Board may seek progress on CSR activities from the CSR committee on need basis.
Collaborative partnerships are formed with the Government, the District Authorities, Municipal Corporation, the village panchayats, NGOs, registered trusts and other like-minded stakeholders. Company may join hands with external organizations and experts. Company may also collaborate with other companies for undertaking projects or programs or CSR activities. This helps widen the Company’s reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
Total Budget for CSR projects will be decided by CSR Committee. The budgets may be project driven. The CSR Policy mandates that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company. The CSR projects or programs or activities undertaken in India only shall amount to CSR expenditure.
The Company’s engagement in this domain is disseminated on its website, annual reports and its house journals as and when deem fit.
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, characterized by a willingness to build a society that works for everyone. This is the cornerstone of our CSR policy.
Our CSR Policy conforms to the Corporate Socially Responsibility Guidelines spelt out by the Ministry of Corporate Affairs, Government of India.
CSR Committee of Board of Nikon India will review the policy from time to time based on the changing needs and aspirations of the target beneficiaries and make suitable modifications as may be necessary.