Since its inception, HCL has been making significant contribution on a regular basis - like providing drinking water, social forestry, rural health care, and vocational training – towards upliftment of living conditions of the local people in the areas where it had established its mines and production units.
HCL adheres to the Corporate Governance principles of corporate citizenship and embraces the principles laid down in United Nations Global Compact (UNGC). HCL’s Corporate Social Responsibility & Sustainability (CSR&S) objectives are suitably aligned with that of Millennium Development Goals (MDGs) and Targets.
HCL’s CSR&S policy encompasses the company’s philosophy behind its social initiatives and responsibilities and outlines the framework for undertaking CSR Projects/ Programs for welfare and sustainable development of the community at large.
CSR was initiated with Baseline Survey in 2007-08 and later realigned with a fresh Need Assessment study by National Institute of Rural Development (NIRD) during 2010-2011, adhering to DPE Guidelines circulated vide OM, dated 9th April, 2010.
The activities for CSR are planned on the basis of Need Assessment surveys and Participatory Rural Appraisals (PRAs) for the targeted villages within a radius area of 15-20 Km around the plant and mine areas in Khetri Copper Complex (KCC) in Rajasthan, Malanjkhand Copper Project (MCP) in M.P. and Indian Copper Complex (ICC) in Jharkhand. Starting with 15 peripheral villages (five villages at each three Unit locations) 21 villages at present are the direct beneficiaries of the CSR&S activities.
CSR&S and Sustainability Vision
Company objectives pledge to sincerely follow framework for sustainable development in mining and ensure corporate social responsibility.
Aligning to Company’s Vision statement: “To maximize shareholder value through sustainable mining and value added products”, CSR vision is to ensure responsible mining through sustainable socio-economic development.
CSR&S Policy Statement
“For the Company, Corporate Social Responsibility & Sustainability (CSR&S) initiative is a planned set of activities, taking into consideration the Company's capabilities, expectations of the communities living in and around the areas of its operation, targeted to have significant positive impact in the long term. The objective of HCL is to play a catalytic role in the sustainable socio-economic development in the region, where the industry is located, attempting to create an enabling working environment for HCL, as well as income generation opportunities for the community, aiming at a sustainable regional development.”
The policy establishes Company’s intention to steer projects to achieve “Inclusive Growth” within the periphery of Company’s major Units. The thrust areas are Livelihood, Health, Water and Environment and Infrastructure.
As per the DPE Guidelines, Company allocates budget for CSR&S in the range of 2%-3% of PAT for the previous year, appointing specialized agencies for implementation, monitoring and evaluation for the planned activities. A summary of activities and their corresponding expenditure (approximate) is as follows:
||Expenditure (Rs. Lakh)
||Health & Sanitation
||Education / Vocational Training
||Women / Youth Empowerment
||Diversified Agriculture / Plantation
||Solar Energy Program
||Misc. / Contingency
||Works Contract Service Tax
CSR Plan for FY 2014-15
» Glimpses of CSR&S initiatives in HCL during FY 2012-13