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June 3rd, 2016, 09:09 AM
Super Moderator
 
Join Date: Mar 2012
Re: BPCL Policies

Bharat Petroleum Corporation Limited is a leading organization committed to society through its Corporate Social Responsibility initiatives across the country.

It is this companies constant endeavour to maximize the positive impacts of our activities and ensuring that it reaches to all stakeholders.


CSR Mission

-BPCL would have created a ‘positive impact’ around all the communities where we
operate.

-Would have transformed around 150 villages from ‘water scarce to water positive’.

-Would have impacted towards enablement of education of more than 10 lakh children.

-Would have created a resource of ‘Expert Panel’ on issues pertaining to our thrust areas.

-Employee volunteering would be a part of our Corporate culture & we would have a
minimum 10 % of our employees volunteer in the next five years


BPCL’s CSR Policy as approved by the Board as per the new Companies Act 2013 (in brief) is:-

-In every financial year, at least 2% of average net profits of the company made during the three immediately preceding financial years will be earmarked for undertaking CSR activities.

-The CSR Committee of the Board consists of three directors and headed by an external director, which is the approving committee for all CSR projects.


Constitution of the CSR Committee of the Board:-

-External Director (As the Chairman of the Committee)

-Director (HR)

-Director (Finance)


Within these ten activities, BPCL takes up CSR projects largely in the 5
core thrust areas of :-

-Education

-Water Conservation

-Skill Development

-Health/Hygiene and

-Community Development.

BPCL’s CSR Policy




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