DYAL SINGH COLLEGE

UNIVERSITY OF DELHI

Submitted by : Kriti arya (13/20177) Karteek malhotra(13/20192)

CORPORATE

GOVERNANCE

PROJECT

CERTIFICATEThis is to certify that this group of following two students has successfully completed their project work of ‘corporate governance’:

• Kriti arya 13/20177

• Karteek malhotra 13/20192

I further certify that this project is up to the mark and as per the guidelines set by University of Delhi.

---------------------

ACKNOWLEDGEMENTWe would like to show our deep sense of gratitude & thanks to our teacher Dr. Jyoti Paul for granting her continuous support & help throughout our project. Our project has been a success only because of her guidance. Our teacher helped us in going in the right direction throughout the preparation of the project.

We would further like to say that her mentoring is the first & foremost thing behind the success of our project.

• Kriti arya 13/20177

• Karteek malhotra 13/20192

TRENDS IN CORPORATESOCIAL RESPONSIBILITY (CSR) REPORTING

INDEX CORPORATE SOCIAL RESPONSIBILITY

CSR REPORTING ENTITIES COVERED BY CSR OBLIGATION PERMITTED CSR ACTIVITIES REPORTING REQUIREMENT CURRENT STATE OF CSR AND ITS REPORTING FORMAT FOR ANNUAL REPORT ON CSR CSR REPORTS OF COMPANIES

IMPERIAL TOBACCO COMPANY (ITC) HINDUSTAN UNILEVER LIMITED (HUL) INFOSYS RELIANCE INDUSTRIES LIMITED (RIL) TATA GROUP

CONCLUSION

INTRODUCTION Corporate Social ResponsibilityCorporate social responsibility may referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

Startling changes done under the Indian Companies Act, 2013—which came into effect on April 1, 2014—has been to impose compulsory corporate social responsibility obligations ("CSR") upon Indian companies and foreign companies operating in India. These obligations mainly come in the form of mandatory amounts companies must contribute to remediating social problems. This is a wholly new requirement; although companies were permitted, within certain limits, to make charitable contributions in the past, the New Act is essentially a self-administered tax. The Indian Ministry of Corporate Affairs recently has published, or “notified,” detailed rules implementing the CSR requirements.

CSR REPORTINGThe concept of CSR reporting (CSR means “corporate social responsibility“) is almost as flexible as the concept of CSR itself. Just like every company can define to itself what CSR means, it can also choose how to communicate its CSR progress in whatever way it finds suitable. This level of flexibility enables companies to be creative and come up with a report that has some sort of personality, reflecting the vision, values and personality of the company. There has been a significant progress in CSR reporting in the last couple of years both in terms of quality and quantity. It has practically become a requirement for every company that claims to take CSR seriously, and companies keep pushing the envelope to create better reports.

As per Rule 8 of Companies (Corporate Social Responsibility Policy) Rules, 2014–

(l) The Board’s Report of a company covered under these rules pertaining to a financial year commencing on or after the 1st day of April, 2014 shall include an annual report on CSR containing particulars specified in Annexure.

(2) In case of a foreign company, the balance sheet filed under sub-clause (b) of sub-section (l) of Section 381 shall contain an Annexure regarding report on CSR.

ENTITIES COVERED BY CSR OBLIGATION

The threshold coverage levels for CSR are low. Companies are subject to the CSR requirements if they have, for any financial year:

• a net worth of at least Rs. 5 billion (approximately U.S.$80 million);

• a turnover of at least Rs. 10 billion (approximately U.S.$160 million); or

• net profits of at least Rs. 50 million (approximately U.S. [$800,000).

Companies meeting these thresholds are required to develop a CSR policy, spend a minimum amount on CSR activities and report on these activities, or prepare to explain why they didn't.

PERMITTED CSR ACTIVITIESThere is a long list of permissible areas for CSR funding. They include such purposes as ending hunger and poverty; promoting public health; supporting education; addressing gender inequality; protecting the environment; and funding cultural initiatives and the arts.

All CSR funds must be spent in India. The New Act encourages companies to spend their CSR funds in the areas where they operate, but money cannot be spent on activities undertaken that are part of the normal course of the company’s business or on projects for the exclusive benefit of employees or their family members.

Contributions of any amount to a political party are not a permitted CSR activity. However, the New Act has an exception allowing companies to use their CSR funds to support development projects initiated by the prime minister or central government. It is important to note, as discussed further below, that such projects in India have had a troubling tendency to become vehicles for political patronage, and they can raise legal issues in other jurisdictions if they come to be seen as political payoffs.

REPORTING REQUIREMENTThe Indian Companies Act, 2013imposes significant requirements. It requires companies to prepare a detailed report, in a particular format, about the company’s CSR policy, the composition of the CSR committee, the amount CSR expenditures, and the specifics of individual CSR projects. A company’s board must include this report in its annual report to shareholders and publish it on the company's website.

The report must also include a statement from the CSR committee that the implementation and monitoring of the board’s CSR activities is, in letter and spirit, in compliance with its CSR objectives and CSR Policy of the company.

CURRENT STATE OF CSR AND ITS REPORTING IN INDIACorporates like the Tata Group, the Aditya Birla Group,and Indian Oil Corporation, to name a few, have been involved in serving the community. Through donations and charity events, many other

organizations have been doing their part for the society. The basic objective of CSR in these days is to maximize the company's overall impact on the society and stakeholders. CSR policies, practices and programs are being comprehensively integrated by an increasing number of companies throughout their business operations and processes. A growing number of corporates feel that CSR is not just another form of indirect expense but is important for protecting the goodwill and reputation, defending attacks and increasing business competitiveness.

Companies have specialised CSR teams that formulate policies, strategies and goals for their CSR programs and set aside budgets to fund them. These programs are often determined by social philosophy which have clear objectives and are well defined and are aligned with the mainstream business. The programs are put into practice by the employees who are crucial to this process. CSR programs ranges from community development to development in education, environment and healthcare etc.

For example, a more comprehensive method of development is adopted by some corporations such as Bharat Petroleum Corporation Limited, Maruti Suzuki India Limited. Provision of improved medical and sanitation facilities, building schools and houses, andempowering the villagers and in process making them more self-reliant by providing vocational training and a knowledge of business operations are the facilities that these corporations focus on. Many of the companies are helping other peoples by providing them good standard of living.

Also, corporates increasingly join hands with non-governmental organizations (NGOs) and use their expertise in devising programs which address wider social problems.

CSR has gone through many phases in India. The ability to make a significant difference in the society and improve the overall quality of life has clearly been proven by the corporates. Not one but all corporates should try and bring about a change in the current social situation in India in order to have an effective and lasting solution to the social woes . Partnerships between companies, NGOs and the government should be facilitated so that a combination of their skills such as expertise, strategic thinking, manpower and money to initiate extensive social change will put the socio-economic

development of India on a fast track.

FORMAT FOR ANNUAL REPORT ON CSR

CSR REPORTS OF COMPANIES

Following are the companies, taking the examples of which, we have explained the trends in CSR reporting in India :

1) IMPERIAL TOBACCO COMPANY (ITC)

2) HINDUSTAN UNILEVER LIMITED

(HUL)

3) INFOSYS

4) RELIANCE INDUSTRIES LIMITED

(RIL)

5) TATA GROUP

IMPERIAL TOBACCO COMPANY

ITC Limited or ITC is an Indian conglomerate headquartered in Kolkata, West Bengal. Its diversified business includes five segments: Fast Moving Consumer Goods, Hotels, Paperboards &Packaging, Agri Business & Information Technology.

CORPORATE

SOCIAL RESPONSIBILITY REPORT 2013-2014

CITIZEN FIRSTITC’s overarching aspiration to create large scale societal value while simultaneously deliver shareholder value is manifest in the Company’s strategy to enhance the competitiveness of its value chains which encompass the disadvantaged sections of society.

In pursuance of the Company’s policy on Corporate Social Responsibility (ITC’s CSR Policy detailed in the Policies & Guidelines section of this Report), ITC has crafted innovative business models that create larger and enduring value by not only generating new sources of competitive advantage for its businesses, but also inthe process augmenting natural capital and sustainablelivelihoods for the nation.

VARIOUS CSR ACTIVITIESVarious CSR activities in which the Company has been engaged during the current year are listed below:

ITC has crafted innovative business models that create larger and enduring value by not only generating new sources of competitive advantage for its businesses, but also in the process augmenting natural capital and sustainable livelihoods for the nation.

Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. HUL's products include foods, beverages, cleaning agents and personal care products.

C OR P O R A TE S OC I A L R ESP ON S I B ILI T Y P O L IC Y

Policy:

HULiscommittedtooperateandgrowitsbusinessinasociallyresponsibleway.Ourvisionisto

growourbusinesswhilstreducingtheenvironmentalimpactofouroperationsandincreasingour positive

social impact.

ThispolicyoutlinesourCorporateSocialResponsibilityagenda.Ouraimistoachieveresponsible

growthandwewillinspiretobringthis tolifebyencouragingpeopleto takesmalleveryday actions

thatwilladduptomakeabigdifference.WehaveembracedUnileverSustainableLivingPlan (USLP)(Link--

h tt p : / / w w w .hu l .co.in/sustainab l e - l iv i ng/ )whichcontributestoactivitieslistedinthe

ScheduleVIIofSection135of the Companies Act,2013.TheUSLP hasthreeglobal goals namely

helpmorethanabillionpeopletakeactiontoimprovetheirhealthandwellbeing,reducethe

environmentalfootprintofourproductsandenhancethelivelihoodsofpeopleaswegrowour

business.Additionally,consideringIndiaasawaterscarceregionandthewateravailabilityis

expectedtogodownfurther,HULhasidentifiedwaterasakeyareaofintervention.Wewillfocus

inthisareabycreatingcapacitiesinconservingwaterthroughsignificantinvestmentsin partnership with

relevantstakeholders with theobjective ofwaterconservation.

C orpora t eSoc i alRes p o ns i b il i t y(C SR )Princ i p l e s :HUL’sCSRPolicyissupportedbythefollowing

principles:

1. Wearecommittedtoconductingouroperationswithintegrityandrespect,intheinterestof

ourstakeholders,and inline with ourCodeofBusiness Principles.

2. Webelievegrowthandenvironmentalsustainabilityneednotbeconflicting.Ourbusiness

modelisdesignedtodeliversustainablegrowth.Theinputstothemodelareourbrands,our

peopleandouroperations.Theoutputstothemodelaresustainedgrowth,lower

environmentalimpactandpositivesocialimpact.Thedifferentiatorinourbusinessmodelis

ourUSLPandthegoal ofsustainable living.

3. Wecollaborateand engagewithdifferentstakeholdersincludingGovernments,NGOs,

IGOs, Suppliers,Farmers, and Distributors totacklethechallengesfaced bythe society.

InaccordancewithSection135(5)oftheCompaniesAct,2013(theAct),HULiscommittedto

spendatleast2%ofitsaveragenetprofitsmadeduringthethreeimmediatelyprecedingfinancial

yearsinsomeoftheidentifiedactivitiesthatarelistedinScheduleVII(asamended)totheAct.

ThiswillincludethespendsthroughactivitiesundertakenbyHindustanUnileverFoundation (HUF),ournot

for profitsubsidiary Company,aimedatbuildingcapacitiesto conserve waterand to further community

development initiatives.

Go v ernance m echan is m :WefollowstructuredgovernanceprocedurestomonitorCSRactivities.

OurCSRPolicyisgovernedbytheBoardofDirectorsoftheCompany.TheBoardhasconstituted

aCSRCommitteecomprisingofanIndependentChairandamajorityofIndependentDirectorsto monitor

the Policy and the programmesfrom timetotime.

TheactivitiesdescribedinAnnexureAappendedheretoarecoveredunderScheduleVII(as

amended)oftheActthatlistsdownpermittedactivitiesthatconstitutesuchactivities.These

activitiesundertakenbytheCompanyarenotexpectedtoleadtoanyadditionalsurplusbeyond whatwould

accruetothe Companyin thecourseofnormal operations.

ThePolicyissuedpursuanttotheCorporateSocialResponsibilityPolicyRules,2013hasbeen

recommendedbytheCSRCommitteeoftheBoardandadoptedbytheBoardofDirectors.Itcan be

downloaded from ourcorporatewebsite–w w w .hu l .co.in

OurcurrentCSRactivitieswiththeirexecutionmodalitiesandimplementationschedulesis

appendedbelowasAnnexureA.TheCompanymaytakeupotherCSRactivitiesasmaybe appropriate.

Sr. no.

HUL initiativeSchedule VII activity

Execution details Target and timeline

1

Project Shakti Employment

enhancing vocation

skills for

women/livelihood

enhancement

projects and

empowering

women

Project Shakti is an

initiative to financially

empower rural women

and create livelihood

opportunities for them.

Through this project, the

Company endeavors to

enhance livelihoods of

rural women. Around

70% of Shakti Ammas

are working in low

Human Development

Index (HDI < 0.51)

districts.

We contact and appoint

rural women as Shakti

Entrepreneurs (SE),

commonly referred as

'Shakti Ammas'. SE is

educated and trained by

the rural promoter about

the Company products

and their utility in day to

day life in maintaining

health and hygiene. After

being trained about the

products she receives

stocks from our rural

distributor at a discount

below the price at which

the

We will increase the

number of Shakti

Entrepreneurs that we

recruit, train and employ

from 45,000 in 2010 to

75,000 in 2015.

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

products are sold in the

normal course. The

Shakti Entrepreneur then

sells these goods both

directly to consumers

(through home to home

selling) and to retailers in

the village. The

Company has trained

thousands of Shakti

Ammas across the

villages in a bid to

develop an

entrepreneurial mindset

and make them

financially independent

and more empowered. A

typical Shakti Amma

earns around Rs. 1000/-

per month through selling

our products. A Shakti

Amma in her village

gains a social stature as

she is associated with

the reputed company in

addition to being

financially empowered.

2 Hand Washing

Behaviour Change

Programme

Promoting

preventive

healthcare and

sanitation

More than 600,000

children in India do not

reach the age of five due

to infections like diarrhea

and

By 2015, we aim to

change the hygiene

behavior of 100 million

people in India.

This initiative will help

Sr.

no.HUL initiative

Schedule VII

activity Execution details Target and timeline

pneumonia. Independent

research has shown that

washing hands with soap

at five critical times in a

day can reduce the

incidence of these

infections significantly.

Therefore inculcating

behavior change amongst

people is important. The

experience shows that

children are in the best

position to bring in this

change among their

respective families. The

Company conducts hand

washing awareness

programmes in

anganwadis (pre-school

centre) and schools. In

2013 we conducted pilot

project in Thesgora village

in the state of Madhya

Pradesh where the

incidence of diarrhea

deaths was very high.

With the intervention of

the hand washing

awareness programme

the incidence of diarrhea

was reduced from 36% to

5%.

reduce the incidence of

life-threatening diseases

like diarrhea and

pneumonia which claim

lives of over 600,000

children in India.

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

In partnership with

Madhya Pradesh and

Bihar Governments we

ran pilot projects and

conducted school contact

programmes.

Programmes Proposed:We will scale up the

hand washing

awareness programmes

in Madhya Pradesh and

Bihar in partnership with

respective state

governments and IGOs /

NGOs in 2014. The

modalities are being

worked out.

3 Domex Toilet

Academy (DTA)

Sanitation&

promoting

preventive

healthcare

The World Health

Organisation and United

Nations Children’s

Education Fund

(UNICEF) estimate that

there are more than 620

million people practicing

open defecation due to

lack of access to proper

sanitation and 60% of all

open defecations in the

world are in India. DTA

and eKutir Rural

Management Services

Private Limited, a

Half of the population in

India does not have

access to proper

sanitation facilities. In

many cases people do not

use toilets for defecation.

Therefore, it is important

to create awareness about

behavior change on

improved sanitation.

Over the next few years,

the target is to build 20,000

– 25,000 toilets. In the long

run and by

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

social enterprise

identifies and trains local

micro-entrepreneurs who

help execute the project

in their local

communities by

supplying and building

toilets. DTA provides the

seed capital to these

entrepreneurs through

eKutir to start up their

activity, and also helps

with initial operational

costs for the execution of

the project.

The objective is to reduce

the incidence of open

defecation and improve

proper sanitation thereby

promoting preventive

healthcare. DTA works

with local self-help

groups who educate

people on the importance

of proper sanitation and

provide them access to

micro-loans through

micro-finance institutions

to buy the toilets from the

local micro-entrepreneur

appointed by DTA.

2020, we will help large

number of people to

improve their hygiene

habits in India.

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

4 Safe Drinking Water Making available

safe drinking water

The lack of safe drinking

water is a major public

health issue, particularly

in developing countries

where majority of

diseases are waterborne.

Pureit in-home water

purifier provides water 'as

safe as boiled water',

without the need for

electricity or running

water. Pureit partners

with NGOs across the

country to make safe

drinking water accessible

to people.

We aim to make safe

drinking water available

and affordable to people

from economically weaker

sections of society in

partnership with

microfinance and NGO

partners in India.

5 FAL Foundation Promoting

education,

empowering

women,

employment

enhancing vocation

skills for women

The Foundation identifies

academically exceptional

girls from financially

challenged backgrounds

and offers scholarships

to the candidates. To

maintain integrity and

fairness the selection is

done by a panel of

eminent personalities

from diverse fields.

The Foundation is around

a decade old. It is a long

term endeavor of the

Company to help

exceptionally bright girls

with scholarships granted

through FAL Foundation.

The target for granting

scholarships in the

financial year 2014-2015 is

Rs. 1 crore to deserving

students.

6 Sustainable Sourcing Ensuring

environmental

sustainability,

ecological

balance,

An important part of

our raw materials come

from farms and

decisions relating to

such procurement can

We are committed to

sourcing all our agricultural

raw materials sustainably

by 2020.

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

protection of flora

and fauna, animal

welfare,

agroforestry,

conservation of

natural resources

and maintaining of

quality of soil, air

and water.

have profound

implications on climate

change and farmers’

livelihoods.

In 2012, we entered into

a public-private

partnership with the

Maharashtra Government

for sustainable sourcing

of tomatoes locally. For

this project, the

Government of

Maharashtra in 2013

registered over 1600

farmers who grow

tomatoes on over 2000

acres.

7 Water Conservation

Projects

Improving

environmental

sustainability,

ecological

balance, protection

of flora and fauna,

animal welfare,

agro-forestry,

conservation of

natural resources

and maintaining of

quality of soil, air

and water.

Estimates tell us that by

2030, the supply of water

in India will be half its

demand. To understand

and partake in meeting

this challenge, we set up

the Hindustan Unilever

Foundation in 2010. It is

a not for profit company

that anchors various

community development

initiatives of Hindustan

Unilever Limited.

Hindustan Unilever

Foundation supports

national priorities for

socio-

By March 2016, our

partnerships and

collective actions would

make available a

cumulative water potential

of 100 billion liters in over

500 villages and

habitations across India.

Sr. no. HUL initiative

Schedule VII

activity Execution details Target and timeline

economic development,

through its Water for

Public Good programme.

Each of our projects also

complies with the

requirements of the

National Voluntary

Guidelines and the

Companies Act, 2013.

8 Relief Funds 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.

HUL has always been at

the forefront in

responding to its call for

national duty and has

contributed generous

amounts for upliftment of

community hit by natural

disasters. It has done this

through contribution to

Government relief funds

Driven by occurrence of

event.

9 Prabhat Rural development

projects

‘Prabhat’ (Dawn) is a

program which focuses

on communities around

our factories. The areas

of intervention are Health

& Hygiene,

The project aims to create

a positive social impact in

the lives of 1 million

people.

Sr.

no. HUL initiative

Schedule VII

activity Execution details Target and timeline

raising livelihoods and

conserving water. The

Water Conservation

initiative is led by

Hindustan Unilever

Foundation, a wholly

owned subsidiary of HUL

which looks at improving

the water security in

selected regions. The

Livelihood programme

aims to empower today’s

youth by providing them

with employable skills

thereby enhancing their

livelihoods. HUL is

collaborating with NGOs

to implement the project.

10 Happy Homes: Asha

Daan & Ankur

Setting up homes

and hostels for

women and

orphans

Asha Daan: The

initiative began in 1976,

when HUL supported

Mother Teresa and the

Missionaries of Charity to

set up Asha Daan, a

home in Mumbai for

abandoned, challenged

children, the HIV-positive

and the destitute. Asha

Daan has been set up on

a 72,500-

Ongoing and long term

charitable activity. To

provide shelter to the

underprivileged members

of the society; these

include abandoned,

challenged children, the

HIV-positive and the

destitute. While HUL

funds the annual

maintenance of the

premises, the

Missionaries of Charity

look after the inmates.

Sr.

no. HUL initiative

Schedule VII

activity Execution details Target and timeline

square feet plot

belonging to HUL, in the

heart of Mumbai city.

Since the inception of

Asha Daan in 1976, HUL

has been looking after

the maintenance of the

premises. At any point of

time, HUL takes care of

over 400 infants,

destitute men and

women and HIV-positive

patients at Asha Daan.

Ankur: Ankur is a

centre for special

education for otherwise

challenged children at the

Doom Dooma in Assam.

It was set up in 1993 by

HUL’s Plantations

Division at Doom Dooma.

Ankur provides

educational, vocational

and recreational activities

to specially-abled

children.

11 Sanjivani Promoting

preventive

healthcare

HUL runs a free

mobile medical service

camp -- Sanjivani --near its

Doom Dooma Factory in

Ongoing and long term

preventive healthcare

activity. Our aspiration is to

provide healthcare in far

and remote areas

Sr.no.

HUL initiativeSchedule VIIactivity

Execution details Target and timeline

Assam. The aim is to

provide free mobile

medical facility in the

interior villages of

Assam. There are two

mobile vans dedicated

to the project, each

vehicle has one male

and one female doctor,

two nurses, a medical

attendant (helper) and

a driver. The vans are

equipped with basic

kits such as diagnostic

kit, blood pressure

measuring unit,

medicines and a

mobile stretcher. The

Sanjivani team has

provided medical

assistance to nearly

2.5 lakh patients since

its inception in 2003

and covered more

than four thousand

camps till July 2013.

where basic medical

facility is not available

through our mobile

medical service camps

and thereby help a large

number of the

population over a period

of time.

INFOSYS Ltd (formerly Infosys technology ltd) is an indian multinational corporation that provides business consulting, information technology, software engineering and outsourcing services. It is headquatered in Bangalore , Karnataka .

CORPORATE SOCIAL RESPONSIBILITY REPORT 2013-2014

COMMUNITY IMPACTAs an organization, we are responsible towards all our stakeholders, investors, clients, employees, vendors / partners, governments and communities. A key aspect of honoring our

social contract is to work in the area of community development, particularly in education and the creation of jobs through direct and indirect investment of time, effort, and funds. This is done through direct monetary support, organization-led projects, employee-driven initiatives and our community empathy policy.

Infosys FoundationInfosys Foundation (‘the Foundation’) prides itself on working with the rural community and underserved section of the society, selecting projects with care and working in areas that have not received adequate attention and funding.

In 2014, the Foundation focused on the following infrastructure investments:

A dharmashala (dormitory) was built for the KIMS hospital in Hubli, south Karnataka. The 32,000 sq. ft. dharmashala, built at a cost of US $910,000 can house 225 people at any given point of time. Attendants of patients visiting the KIMS hospital will be able to use this facility during the period of treatment. Thisis the third such attendant-friendly accommodation that the Foundation has built in the state,and the firstin North Karnataka. The other two are in Bangalore — at the Kidwai Cancer Hospital and at NIMHANS.

A school building with a capacity to educate over 1,000 children was constructed at a cost of about US $820,000 in the Dharmapuri district of Tamil Nadu.

INFOSYS SCIENCE FOUNDATIONDuring the year, the Infosys Science Foundation (ISF) announced seven winners of the Infosys Prize 2013 across six categories — Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences and Social Sciences. The winners were

recognized for their outstanding achievements and contributions to scientific research. The ISF also announced an increase in the prize purse by US $100,000, taking the prize amount to US $900,000 for each category. The award ceremony was held on February 8, 2014 in Bangalore where Dr. Kofi A. Annan, former Secretary General of the United Nations, felicitated the winners. As of fiscal year 2014, a total of 32 winners have been recognized since the inception of the Infosys Prize.

ISF also celebrated its fifth anniversary by releasing an e-book, encapsulating the work of all the laureates till date through graphic stories. The print version of the book was circulated to the

libraries in schools covered under the Catch Them Young program of Infosys.

INFOSYS USA FOUNDATIONIn 2014, the Infosys USA Foundation continued its association with the New York Academy of Sciences in sponsoring STEM initiatives across schools in New York. Discussions are on with the Girl Scouts to expand the reach of the STEM mentoring programs across all the states of the U.S. The team also participated in revitalizing schools across the boroughs of New York City and in Newark, New Jersey, under the aegis of Martin Luther King's Day of Service and New York Cares Day.

EMPOWERING THROUGH EDUCATIONWe believe that education provides the best foundation for leading a purposeful life. Through our organization-led projects, we have successfully harnessed our reach and resources to encourage students in rural India to pursue higher education, provide infrastructure for government schools, and train faculty across schools and colleges. We work closely with educational institutions across the country to improve access to and quality of education offered in schools and universities.

This year, over 65,000 students participated in Aspirations2020 from 16 Indian states. Details of the event are as follows:

Item 2013-14

Students registered 65,241

Number of teams participating in the college rounds 63,444

Number of teams participating in DC / State finals 243

Number of teams qualifying for ACM-ICPC 81

Number of teams qualifying for ACM-ICPC Onsite

Contest 15

CAMPUS CONNECTAs a primary stakeholder in creating a vibrant talent pool of future engineering graduates, we launched Campus Connect (CC) in May 2004, a first-of-its-kind industry-academia partnership

program. CC aims to be a forum where some of our best practices can be shared with institutions. CC also helps align the needs of institutions, faculty and students with those of the IT industry to raise the employability of engineering students.

ASPIRATIONS 2020In 2007, Campus Connect launched Aspirations2020, a programming contest series aimed at fostering creativity, teamwork and innovation in building new software programs. The contest helps students test their ability to perform in challenging situations, and thus replicates

an industry environment. This contest is held in collaboration with the Association for Computing Machinery International Collegiate

Programming Contest (ACM-ICPC) that focuses on execution excellence in demonstrating competencies needed for young engineers.

SPARKSPARK, launched in 2008, is a day-long program aimed at raising the aspirations of students across the country. The SPARK portfolio includes three programs, Rural Reach Program (RRP), Catch Them Young (CTY) and SPARK Guru.

Rural Reach Program (RRP): This one-day program is aimed at creating awareness about computers and the power of IT among rural school children in India. Infosys Computer Donation program donates personal computers to schools under the RRP program. Based on the end-of-use earmarked for the computers, the schools are also provided necessary guidance on safe disposal of e-waste. The target audience for the RRP comprises students from rural government schools within 50 to 150 km radius of our campuses.

Catch Them Young (CTY): CTY is a 10-day summer vacation program held at our campuses which aims to expose bright urban youth to the world of IT. This program is targeted at eighth-grade meritorious students, who are selected through a test and are trained by faculty members from our ETA department.

SPARK GURUThis program focuses on teachers from government schools and helps them augment their knowledge and enhance their teaching skills with respect to current industry needs.As part of SPARK, we engaged with over 36,000 students during the year. Since its launch in 2008, the program has reached over 8,78,000 students.

IMBIBING SOCIAL LEADERSHIPI, Citizen of Earth (iCOE) is the Infosys program to build a culture of responsible citizenship among Infoscions around the world. Through iCOE, we aim to do the following:

• Envision a common purpose for the larger ecosystem

• Enable voluntary efforts to integrate with the vision and sustainability goals of the Company

• Engage with Infoscions to help them become change agents and ambassadors for a better tomorrow

• Embed a culture of global citizenship and innovation for sustainable development.

We believe responsible citizenship behaviors can be developed through social leadership competencies. We set up InFLUENCE (Infosys Framework for Learning Using External Community Engagement), a framework to recognize employee volunteering efforts and to develop social empathy. Through InFLUENCE, employees can get additional learning credit under our Competency Development Program 3.0 for their volunteering efforts.

EMPLOYEE VOLUNTEER GROUPS

Weactivelysupportemployee-volunteergroupswiththeintentofinculcatingthespiritofvolunteerismamongouremployees.Manyofthesegroupshavetakenonlocalsocialcausesandhaveconsistentlyworkedtowardsaddressingtheneedsoftheunderserved.Thevolunteeringactivitiesouremployee-volunteergroupsacrosstheglobeforfiscalyear2014areasfollows:

Campus Trust Details

Bangalore Samarpan

•Stemcellawarenessprogramswereconductedtoclearthemythsaroundstemcelldonationandhighlighttherequirementsandbenefitsofdonatingstemcells

•Studymaterialsweredistributedto50,000childrenundertheNotebookDrive.•Solar-

Bhubaneshwar Akanksha

•700childrenwerebenefittedbytheNotebookDrive,aprogramtoprovidesnotebooksandstationerytounderprivilegedstudents.

•Chennai Sneham •Offeredscholarshipstohelp556children oftheCompany'ssupportstaffmeettheiracademicfeerequirementsfortheyear.

Hyderabad Mamatha •25children ofoursupportstaff —includinghousekeepers,gardeners,andsecurity-persons—werefundedthroughtheShikshaScholarshipprogramtohelpthemmeettheiracademicfeerequirementsfortheyear.

•Self-defenseworkshopswereconductedfor150womenemployeesandhousekeepingsMangalore Prerana •AboutUS$3,000wascontributedinmedicalaidtoeconomicallyunderprivilegd

•ScholarshipsworthUS$23,511wereofferedto328students,including67studentswhoarepursuingprofessionalcoursestilldate.

•Giftsweresponsoredfor836kidsfrom15childcarehomesinMangalore.Withtheover

Mysore Soften

•Anotebookandstationerydistributiondrivewasconducted,covering31schoolsandbenefitingabout10,000students.

•ScholarshipswereprovidedforchildrenofMysoreDCsupportstaffmembers,coveringabout142students

Pune Sparsh, •TheconstructionofaschoolinMannvillage,Pune was funded.

CORPORATE SOCIAL RESPONSIBILITY REPORT

HEALTH Health and safety are of universal concern across the spectrum of communities. As a company, company are not only committed to compliance with legal norms but its is our endeavour to voluntarily go beyond that and provide quality healthcare facilities in the regions around our site.

At its various project sites , Reliance industries sites runs medical facility center, physiotherapy center, and mobile medical vans that dispenses free medicines and provide free health check-ups. Also periodically company come up with health camps like general health check up camps, gynaecology camps, eye check up camps and corrective surgery camps for disabled children.

EDUCATION Education is a basic tool to bring development to an area and its people. company aim to create an awareness and pool of human resource both within and across company area of operations. company are committed to bridging the digital divide between the ‘haves’ and ‘have nots’ in educational infrastructure and facilities. Exposure to technology along with a sustainable education model could be strengthened through partnership with government and quasi-government agencies.

EMPLOYMENTCommunity is an integral part of the business environment and the basic commitment lies towards the overall economic and social development of local communities by discharging our social responsibilities in a sustainable manner.

The trained manpower available for construction will ensure quality and accident free working. The employees will become perfect train through some camp and seminars

• English speaking classes

• Personality development classes

• Physiotherapy training center

• Training by NAC (National Academy of Construction)and use them for future requirement of the construction.

For the women folk of the villages, in an effort to empower them the company trains them in soft skills like tailoring and poultry farming etc. Reliance industries provides assistance to women keen on starting their own businesses.

DRISHTI Project Drishti, a nation-wide grafting drive to bring light into the lives of visually challenged from the underprivileged segment of society, has restored the gift of sight to over 5,500 Indians. A unique joint initiative of Reliance Industries Limited and National Association of Blind (NAB), Project Drishti has undertaken over 5,500 keroptoplasty surgeries in less than 4 years since it was started - all free of cost. It is now the largest corneal grafting surgery project enabled by a single corporate entity in India

ENVIRONMENTReliance further integrated its safety and environment performance in the overall business plan and strategy. A management system approach, consisting of gap analysis, planning, implementation, and review has percolated to all business plans through ISO 14001:2004 at all manufacturing locations.

Through its annual environment plan and business targets, the Company identifies projects and takes action to achieve these targets with the ultimate goal of becoming water positive, carbon neutral, with maximum possible recycling and reuse of hazardous and other wastes.

RELIANCE KARGIL SCHOLARSHIP SCHEMEThe Scheme to support educational needs of the children of defence personnel who sacrificed their lives or were disabled during Kargil war, instituted with the generous contribution from Reliance employees. During the year 87 children received financial support for their education from standard IV to XII under the scheme.

COMMUNITY ENVIRONMENT INITIATIVES Various environment programs, such as tree plantation, water conservation & harvesting and energy saving initiatives were conducted by all sites within the complex and in the nearby

community. All sites, as part of the ‘World Environment Day’ celebrations created awareness on Global Warming and  melting of ice.

INITIATIVES TO COMBAT HIV / AIDS AND TB The Company provides Community Medical Centres near most of its manufacturing divisions. These centres cater to the Governmental health care programmes like maternal and child health, TB, malaria, HIV / AIDS etc., besides providing curative treatment

DHIRUBHAI AMBANI HOSPITAL, LODHIVALI Reliance also operates the Dhirubhai Ambani Hospital, Lodhivali and renders quality medical services to the rural population and highway accident victims.

SPORTS FOR THE PHYSICALLY CHALLENGED Reliance has joined hands with the organising team of Special Olympics Gujarat (Bharat) for the physically challenged children of Gujarat. Several hundred children participated in the events that were organised at the Reliance Sports Complex, at Vadodara.

CORPORATE SOCIAL RESPONSIBILITY REPORT

CSR: PART OF GENETIC CODEImplementing these principles over 100 years are part of organizational development :

1912 - 8 hour workday

1916 - Social Welfare Scheme launched for employees

1920 - Leave with pay

1934 - Profit Sharing bonus

1934 - Tata Steel responded to earthquake in its Bihar province with relief supplies

1951 - Planned family norms promoted at community level

1970 – Included Corporate Social Responsibility in its Articles of Association

1958 - 225 acre Jubilee park created for the citizens of Jamshedpur

1979 - Launched concerted rural development initiatives

GENTIC CODE: A UNIQUE IDENTITYIt has shaped its heart, mindset and business processes

1995- Tata Business Excellence Model – makes sustainable growth a priority and has included this in its Key Enterprises Process

1999- Tata Code of Conduct - mandates good governance ethical behaviour by organizations as well as each and every employee

1995- Tata Council for Community Initiatives –provides the superstructure for CSR efforts across the Group

2003- Tata Index for Sustainable Development – a CSR measure adopted across the Tata Group

Corporate Social Responsibility Policy“Tata Steel believes that the primary purpose of a business is to improve the quality of life of people.

Tata Steel will volunteer its resources, to the extent that it can reasonably afford, to sustain and improve a healthy and prosperous environment and to improve the quality of life of the people of the areas in which it operates.”

From Tradition To Process Areas of Impact

Environment Employee Relations Stimulating Economic Growth Civic Amenities & Community Service Population Management Sports and Adventure Health for All Relief During Natural Calamities Education / Arts and Culture

EnvironmentConserving Nature for Future Generations

All production units certified to ISO 14001 Town Services certified to ISO 14001 Planted -”thousand trees for thousand days” - as a millennium gift for future

generations.The eventual count was 1.6 million 20% reduction in consumption of raw materials in the past five years 100% treatment of waste water, discharged upstream from point of collection Greening of Supply Chain

Employee RelationsMany landmarks in Labour Welfare

1915 -Free Medical Aid to all employees and dependent family members

1917 -Welfare Department set up

1956- Joint Consultation instituted with Union Management Agreement

1990- Incentive for Higher Technical Education

2001- Family Benefit Scheme

2003 -R D Tata Technical Education Centre

2003- Initiated process for SA 8000 certification

2004- Completed 75 years of Industrial Harmony

2004 -Inserted clause against Sexual Harassment in the Works Standing Order

Stimulating Economic Growth Continuously augmenting Town infrastructure to promote business growth

Tata Steel and its subsidiaries provide business opportunities to ancillary units Institutions such as National Institute of Technology, R.D.Tata Technical Education

Center, and Savak Nanavati Technical Institute provides technical and job oriented training

Promoting rural economy through natural resource management, micro financing and credit, and training for gainful employment

Tate Steel caters to over 600 villages and several company towns, in the provinces of Orissa and Jharkhand

Creating a ripple effect across towns and villages

Civic Amenities and Community Service“Be sure to lay wide streets planted with shady trees, every other of a quick growing variety. Be sure that there is plenty of space for lawns and gardens. Reserve large areas for football hockey and parks. Earmarks areas for Hindu temples, Mohammaden mosques and Christian churches.”

J N Tata,1902

Created Town Services, Community Development & Social Welfare Department, and Energy and Environment Cell. Today, also responsible for environment management, family initiatives, medical services, emergency fire services, airport, mobile medical services, sports facilities, libraries, education centers .Services have grown to cover 700,000 beneficiaries

Population Management Jamshedpur leads in demographic indices and maternal and child health in the country Shares planned family norms with employees and non-employees through Family Initiatives

Foundation Extension programs have empowered the community to sustain initiatives Provides free Reproductive Health Services to over 2,000,00 women from urban & rural

areas each year Ensures 98% immunisation coverage in the city of Jamshedpur

HEALTHHealth care facilities open to employees and non-employees 850-bed hospital, two super dispensaries and nine dispensaries in Jamshedpur Mobile medical units reach out to rural and semi urban areas Health Centers based in villages and communities. Supports alternative remedies such as

ayurveda, naturopathy, homeopathy, etc Supports Blood Bank, specialty hospitals for tuberculosis, eye care services, cancer, etc Taken “Lifeline Express” seven times to remote parts of rural India Partner for Child Survival, Smile Train, Polio and Water and Sanitation projects

CONCLUSION

The role of business in society has undergone a sea change. From the exhortation that there are no social obligations for business to the

understanding that being socially responsible is critical, corporate social responsibility (CSR) has come a long way. A set of studies has explored the multiple aspects of this concept both theoretically and empirically. Corporate social reporting has been one of the features that has received extensive attention. CSR is the heart and soul of modern corporations and is an important standard for corporate governance. It is an indispensable mechanism for both increased corporate accountability, profitability and environmental sustainability. It is a pole star for modern corporations in order to maintain the integrity of moral fabrics both inside and outside the corporation while conducting socially responsible business.

---------------------------------------------------------------------------------------