“Corporate Social Responsibility" (CSR) is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives simultaneously, addressing the expectations of shareholders and stakeholders. CSR in India has traditionally been seen as a philanthropic activity. Under the Clause 135 of the Companies Act, 2013 has introduced the idea of CSR and now it is mandatory for the companies with an annual turnover of more than 1,000 crore INR, or a net worth of more than 500 crore INR, or a net profit of more than five crore INR. The Act encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities.
Most of the corporates are complying with the CSR policy and implementing various CSR activities/projects for social and environment development in their focused area. Formulation and Implementation of CSR based programme also requires specific attitude, strategy, skill and capabilities for outcome oriented implementation of such initiatives. IFFDC has the aptitude, attitude, skill, capability and experience in implementing such programmes and has started facilitating Corporates in achieving their CSR commitments in result oriented mode. Efforts are being made by IFFDC towards poverty alleviation and sustainable rural livelihood development through extending its services in partnership with Corporates under their CSR initiatives. IFFDC's rural livelihoods approach places people at the centre of development and focuses on building assets and skills so that women and men can access new opportunities for income generation and employment.
CSR PROJECT
IFFCO-TOKIO Integrated Rural Development Project (IIRDP)
IFFDC is facilitating IFFCO-Tokio General Insurance Co. in implementation of IFFCO-Tokio Integrated Rural Development Project in 13 villages i.e. 03 villages of Distt. Sagar in Madhya Pradesh, 03 Villages of Distt, South 24 Pargana in West Bengal, 04 villages of Distt. Gariaband in Chhattisgarh and 03 Villages of Distt, Muzaffarpur in Bihar under its CSR initiative.
The project was developed with “Participatory Process” by adopting the steps like Participatory Rural Appraisal (PRA), Data Collection & Analysis, Problem identification, Prioritization of the issues, Critical Problem Analysis (CPA) etc in these villages by the IFFDC.
The Project is being implemented with more than 62 activities covered under eight components viz;
(i) Community Health and Sanitation, (ii) Safe Drinking Water and Water Resources Development (iii) Agriculture Production, (iv) Livestock Development, (v) Women Empowerment, (vi) Skill Development and Employment Generation, (vii) Education and (viii) Environment Up-gradation.
The Progress of the Project during the year :
Impact
Research Study on adaptability of different varieties of Melia Composita (Burma Neem) in Semi-Arid Region of Haryana - Baldhan Khurd of Rewari
The MEET Trust of MITSUI & Co. has awarded a Research & Development Project on “Research Study on Adaptability of different varieties of Melia Composita (Burma Neem) in Semi-Arid Region of Haryana" at Baldhan Khurd, Dist. Rewari (Haryana) under its CSR Initiative. The project is being implemented for three years i.e. April 2019 to March 2022. The objective of the project is to study of the growth and development of different plant species.
Green Belt Development in Different Parks under Horticulture Department in Delhi N.C.T.
The Mitsui & Co. Ltd. has awarded a Green Development Project in 5 different Parks i.e. Pulu Block Park & Central Park in Pitampura, Tanki wala Park in Rampura, Nafed Patti Park near Ring Road and Park near Railway Line in Keshav Puram in Delhi N.C.T. The project is being implemented for three years i.e April 2021 to March 2024. The objective of the project for increasing tree cover for environment improvement which contributes toward combating the climate change.