Corporate Social Responsibility (CSR) is a concept whereby organizations serve the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations.
CSR is a Company’s commitment to operate in an economically, socially and environmentally sustainable manner, while recognizing the interests of its stakeholders. CSR is, therefore, closely linked with the practice of Sustainable Development. CSR extends beyond philanthropic activities and reaches out to the integration of social and business goals.
USUI Susira International Private Limited is a subsidiary of the USUI Co. Ltd. (Formerly known as USUI Kokusai Sangyo Kaisha Ltd), which is a dynamic global Company active in many Countries. As such, accepting our Corporate Social Responsibility at the local level is the part of the way we see and understand ourselves. As an integral part of our Sustainability Strategy, we consider CSR to be our opportunity to contribute to regional development and to engage as a member of society at the locations where we are based.
In the USUI group, we focus our social engagement activities supporting public and private training and education institutes that are active in the areas of renewables & climate protection mainly, as well as focusing on backing social and humanitarian projects and institutions.
“To promote and work in the areas of Education, Healthcare and Social & Environment Sustainability in order to create impact and achieve results which will enable children and youth overcome poverty through education and to reach their full potential.”
To attain its CSR objectives in a professional and integrated manner, the company shall undertake the following:
- eradicating hunger, poverty and malnutrition, promoting health care including 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 centres 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, agroforestry, 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;
- 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;
- contributions or funds provided to technology incubators located within academic institutions which are approved by the central Government;
- rural development projects.
CSR activities shall not include activities undertaken by the Company during the normal course of its business.
Areas for undertaking CSR
For undertaking CSR activities and programmes, the Company shall give preference to the local areas and the periphery around which it is operating. The Company may also choose to undertake CSR activities and programmes at other places in India.
Long-term, medium-term and short-term activities
The Company may, depending on the programmes, activities and needs, decide and undertake long-term, medium-term and short-term CSR activities and accordingly plan the implementation.
The Company will identify suitable activities and programmes for implementation in line with aforesaid CSR activities of the Company.
- through associate companies in India of the Company; or
- by collaborating with other companies for undertaking projects or programs or CSR activities; or
- directly undertake CSR activities by building CSR capacities of the Company’s personnel; or
- by any other way / mode decide by the Company at its own discretion.
In a financial year, the Company shall spend the minimum amount as specified in the Companies Act, 2013 or its relevant rules notified in this behalf.
The Annual CSR Budget will be approved by the Board of Directors of the Company upon recommendation by the CSR Committee.
Surplus arising out of the CSR activities and programmes shall not form a part of the business profits.
The Board of Directors shall constitute a CSR Committee of the Board of Directors (CSR Committee). The main functions of the CSR Committee shall be:
- Recommend to the Board of Directors any modifications to this CSR Policy;
- Annually recommend to the Board of Directors, the amount of expenditure to be incurred;
- Institute a transparent monitoring mechanism for the implementation of the projects and activities.
For an effective implementation of CSR activities and programmes, an internal monitoring mechanism as approved by the CSR Committee will be put into force.
Internal Monitoring Mechanism shall ensure the following:
- Prior approval of the CSR Committee or authorised CSR member for each spending
- Define Process Owners for each Activity/ different levels within each activity
- Periodic reporting to CSR Committee on the amount spent and activity(ies) undertaken
- Impact measurement
- Report consolidation and communication to the Board of Directors
- Annual review of CSR activities by the Board of Directors/ the CSR Committee.
COMPOSITION OF CSR COMMITTEE AS ON MARCH 31, 2021
The Corporate Social Responsibility (CSR) Committee of the Company comprised with the following directors:
- Mr. Hideto Mano;
- Mr. Saravanan Emarose; and
- Mr. Selvamani Kaliaperumal.