Corporate Social Responsibility Policy

For Savita Group, reaching out to underprivileged communities has been the culture since its inception. The Company believes in the trusteeship concept. This entails transcending business interests and grappling with the "quality of life" challenges that underprivileged communities face, and working towards making a meaningful difference to them.

The Company's vision on Corporate Social Responsibility is – "to actively contribute to the social and economic development of the communities in which it operates. In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index".

Implementation process: Identification of projects

The CSR Committee of the Company aims to identify in a participatory manner, in consultation with the NGOs operating in the relevant areas, the employees at all levels of the Company and the Board of Directors, CSR projects for implementation. Subsequently, based on a consensus and in discussion with all the personnel and other influentials, projects will be prioritised.

The focus areas that have emerged for active consideration for the Company are Education, Health care, Sustainable livelihood, Infrastructure development and espousing Social causes.

In Education, the endeavour will be to spark the desire for learning and knowledge at every stage by contributing through -

• Formal schools
• Balwadis for elementary education
• Quality primary education
• Bal Vidya Mandirs
• Girl child education
• Adult education programmes

In Health care, the goal will be to render quality health care facilities to people living in the villages and elsewhere through -

• Primary health care centres
• Mother and Child care projects
• Immunisation programmes with a thrust on polio eradication
• Health care for visually impaired and physically challenged
• Preventive health care through awareness programmes

In Sustainable Livelihood, the programmes will aim at providing livelihood in a locally appropriate and environmentally sustainable manner through -

• Formation of Self Help
• Groups for women empowerment
• Vocational training
• Agriculture development and better farmer focus
• Watershed development
• Partnership with Industrial Training Institutes

In Infrastructure Development, the Company will endeavour to set up essential services that form the foundation of sustainable development through -

• Basic infrastructure facilities
• Housing facilities
• Safe drinking water
• Sanitation & hygiene
• Renewable sources of energy

To bring about Social Change, the Company will advocate and support -

• Dowryless marriage
• Widow remarriage
• Awareness programmes on anti social issues
• De-addiction campaigns and programmes
• Espousing basic moral values

Activities, setting measurable targets with timeframes and performance management

Prior to the commencement of projects, the Company shall carry out a baseline study of the project to be undertaken. The study shall encompass various parameters such as – health indicators, literacy levels, sustainable livelihood processes and population data – below the poverty line and above the poverty line, state of infrastructure, among others. From the data generated, a 1- year plan and a 3 - year rolling plan will generally be developed for the holistic and integrated development of the marginalised. These plans will be presented at the Annual Planning and Budgeting meet. All projects shall be assessed under the agreed strategy, and will be monitored every quarter, measured against targets and budgets. Wherever necessary, midcourse corrections will be affected.

Organisational mechanism and responsibilities

In Savita, Initiatives and Rural Development provides the vision under the leadership of its Chairman, Mr. Gautam N. Mehra. This vision underlines all CSR activities. Every Manufacturing Unit has a CSR Cell. The Chairman takes on the role of the mentor, while the onus for the successful and time bound implementation of the projects is on the various Unit Heads and CSR team. To measure the impact of the work done, a social satisfaction survey / audit will be carried out by an external agency as and when the need arises.

Partnerships

Collaborative partnerships will be formed with the Government, the District Authorities, the village Panchayats, NGOs and other like-minded stakeholders where the need arises. This will help widen the Company's reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table. The Company will engage with well established and recognised programmes and national platforms such as the CII, FICCI, ASSOCHAM to name a few, which give their commitment to inclusive growth.

Budgets

A specific budget will be allocated for CSR activities. This budget will be project driven.

Information dissemination

The Company's engagement in this domain will be disseminated on its website, annual reports, its in-house communication means and through the media.

Management Commitment

The Company’s Board of Directors, the Management and all of the employees subscribe to the philosophy of compassionate care. The Company believes and acts on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. This is the cornerstone of the Company’s CSR policy.

The Company’s Corporate Social Responsibility policy conforms to the Corporate Social Responsibility Voluntary Guidelines spelt out under Section 135 of the Companies Act, 2013.

For enquiries related to Savita’s CSR initiatives, please contact:-

Mr. Uday Rege
Company Secretary & Executive VP – Legal
Savita Oil Technologies Limited
66/67, Nariman Bhavan, Nariman Point,
Mumbai 400 021
Phone - +91-22-66246200
Email – ucrege@savita.com