Corporate Social Responsibility

1. CONTEXT:

RGF Select India Private Limited (‘RGF Select’ or ‘Company’) believes in integrating its business values and operations to meet the expectations of all stake holders – owners, employees community in which it operates and the regulators; based on this guiding philosophy, the Company approaches its CSR and is at the foundation in defining its CSR mission and vision; this philosophy has further guided the Company in choosing the CSR program as outlined in this document and its geographical reach; Based on this thought process, RGF CSR Policy has been framed to drive planning, implementation and evaluation of initiatives and resources;

The Company has conducted business in a socially responsible manner, paying taxes, following all the compliances, providing for social security, having a fair and good vendor sustainability practice.  The Company has had the philosophy to create a win-win situation of all of its stake holders, consultants, employees, vendors, customers in the form of fair practices. The company has all licenses, all legal software, required HR practices and a fair working environment.

2. OBJECTIVES:

RGF CSR Policy aims at:

• Economic and social development that has a positive impact on the society at large

• The Company core focus areas for CSR would be: 

1. 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
2. promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
3. 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
4. protection of National Heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicraft
5. measure for the benefit of armed force veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows;
6. training to promote rural sports, nationally recognized sports, Paralympic sports and Olympics sports
7. contribution to the Prime Minister’s National Relief Fund or Prime Minister's Central Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Schedule Tribes, other backward classes, minorities and women
8. Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government and Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)
9. rural development projects.
10. slum area development.
11. disaster management, including relief, rehabilitation and reconstruction activities.

3. UNDERTAKING CSR ACTIVITIES: 

The Company shall undertake its CSR activities, approved by the Board, through such entity/organization as approved by the Board. 

The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company. The company may choose an option of performing the CSR engagement either directly or through an entity like an NPO/NGO

4. LOCATION OF CSR EFFORTS:

The Board shall decide on the locations for CSR activities.  It shall take cognizance of the recommendations of the Ministry of Corporate Affairs, with reference to social impact and the area of work which could be proximate to the location of the company.

5. GOALS:

Our goals include the following:

6. RESPONSIBILITIES OF THE BOARD:

The responsibilities of the Board include: 

1. Formulation of the CSR Policy 
2. Approve the CSR activities as stated under Schedule VII of the Act 
3. Approve the CSR Budget
4. Spend the allocated CSR amount on the CSR activities in accordance with the Act and the CSR Rules
5. Monitor CSR Policy from time to time

7. GOVERNANCE:

The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the Companies Act, 2013. Accordingly, such Identified Foundation or such other entity will work closely with and support the Board in implementing CSR activities of the Company. Identified Foundation or such other entity will assist the Board in identifying the areas of CSR activities, programs and execution of initiatives as per defined guidelines. The advisors, if any, will also assist the Board in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis. 

8. FUNDING, SELECTION AND MONITORING PROCESS

The Board will receive requests for funding of projects throughout the calendar year. Its panel of experts will evaluate proposals received under the focus areas and projects will be prioritized by assessing their impact. The Board will deliberate on the proposals and approve proposals for implementation at its discretion. 

The Company’s representatives will collaborate with stakeholders to monitor the status of each project and will report its findings and document it periodically.

9. MONITORING, REVIEW AND EVALUATION

Monitoring & Review:

The Company has recently implemented the CSR initiative and contributions for the program identified by the Company would be done in due course. As such, the Company is in the process of implementing a multi-pronged monitoring, review and Program evaluation plan.  Following are some indications of how the plan may evolve over time:

Level 1: The Board to meet and review the progress and decide on any course correction, if needed to ensure the Company’ CSR Program is on course.

Level 2: Board on CSR Review on quarterly basis.

Evaluation:

There are two kinds of evaluation that the Company shall undertake:

Internal Evaluation: CSR team shall, based on site visits and other inputs it may seek on the program implementation such as program effectiveness index or such other tools, decide the outcome of the Program.  They could also conduct interview to the beneficiaries or the beneficiary organization.

External Evaluation: The Board may appoint / work with external consultants, academic agency, or such other agency as it may deem appropriate to have the impact of its CSR program assessed.

Apart from the above, the basis for selecting any program shall be based on socio-economic baseline studies to assess the community needs and priorities and periodically align its own CSR Programs to the community needs.

10. FREQUENCY OF MEETING:

The meetings of the Board for CSR review could be held at such periodic intervals as may be required.

11. EFFECTIVE DATE:

This policy is effective from October 14, 2022

12. CONTACT:

For queries related to the CSR Policy, please write to us at:

mdoffice_india@rgf-professional.com

13. Annexures:

13.1. REPORTING FRAMEWORK:

Note: 

1. * In case of underspend of the allocated budget, provide reasons thereof
2. As per the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Board's Report of the Company should include an Annual Report on CSR containing the particulars specified in the annexure. The above annexure for reporting is specified in the Companies (Corporate Social Responsibility Policy) Rules, 2014 itself.

13.2. CSR PROGRAMS AND INITIATIVES ALONG WITH THE OUTCOME INDICATORS: