“Bahujana hitaya, bahujana sukhaya”
“For the benefit of many, for the happiness of many" – Rigveda
GSPANN Technologies, Inc. [and its subsidiaries Whisk Software Private Ltd, GSPANN Technologies UK Ltd] (hereinafter called as ‘Company’) has been an early adopter of Corporate Social Responsibility (‘CSR’) initiatives. Along with sustained economic performance, we also believe in environmental and social stewardship as key factors of holistic business growth.
We established the CSR Committee aimed to provide a dedicated approach to community development and to fulfill our CSR commitments. The company works towards removing malnutrition, improving healthcare infrastructure, supporting primary education, supporting underprivileged girl children in their education. Company partners with non-government organizations (NGOs) to make a difference among local communities. The Company’s focus has always been to contribute to the sustainable development of the society and environment and to make our planet a better place for future generations.
CSR Policy intends to:
2.1. Strive for economic development that positively impacts the society at large and drive measurable change in our communities.
2.2. Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders, and society.
2.3. Inspiring our actions as societal change-makers and instilling great pride in knowing that what we do best applying our skills and expertise to accelerate positive societal impact.
3.0 Focus Areas
In accordance with the requirements under the Companies Act, 2013, Company’s activities, among others, will focus on:
3.1. Hunger, Poverty, Malnutrition, and Health: Eradicating extreme hunger, poverty, and malnutrition.
3.2. Education: Promoting education, including special education, women, elderly and the differently-abled, and livelihood enhancement projects; non-monetary contributions to academic institutions for their books and stationary needs, with the objective of assisting students in their studies.
3.3. Environmental Sustainability: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, conservation of natural resources, etc.
4.0 Undertaking CSR Activities
Company undertakes its CSR activities, approved by the CSR Committee.
5.0 Goals and Actions
5.1. Hunger, poverty, and malnutrition - Company works with various non-profit organizations and donates (grains, pulses, oil, etc.) required for the underprivileged community
5.2. Education - Company focuses on education by providing underprivileged students with books & stationary
5.3. Gender equality, environmental sustainability - Company’s focus is also on promoting gender equality and empowering women, ensuring environmental sustainability, ecological balance, protection of flora and fauna
6.0 Composition of CSR Committee
1. Mohit Malik – COO & General Manager – India Operations
2. Gaurav Singh – Senior Director
3. Puneet Bansal – Associate Director – Finance
7.0 Responsibilities of the Committee
The responsibilities of the CSR Committee include:
7.1. Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken
7.2. Recommending the amount of expenditure for the CSR activities, and
7.3. Monitoring CSR activities from time to time
The Company undertakes CSR activities as per the provisions of the Companies Act, 2013. Accordingly, support the CSR Committee in implementing CSR activities of the Company.
9.1. The CSR Committee will deliberate on the proposals and approve funding for implementation at its discretion.
9.2. CSR Committee will collaborate with stakeholders to monitor the status of each project and will report its findings periodically.
9.3. The Company shall allocate a budget towards each of the CSR activities falling within the purview of the objectives of this policy.
9.4. The CSR expenditure shall include all actual expenditures relating to CSR activities recommended by the Committee and approved by the Board of Directors but shall not include any expenditure that does not fall within the purview of Schedule VII of the Act.
This policy may be amended by the approval of the Manager HR and COO. The company will promptly report to all officers, directors, and employees on any such amendments.
11.1. For any query or clarification on the policy, please contact Manager HR / write to firstname.lastname@example.org.