Company social responsibility policy
1. Introduction
BlueHawk Venture Group LLC (“the Company”) is a responsible international organization and it
has various societal obligations. It always seeks ways to make a positive impact on society at
large.
The Company has developed its CSR (Company Social Responsibility) Policy in accordance
with well-established guidelines of international social responsibilities. This Policy, henceforth
called “BlueHawk CSR Policy”, underlines the guiding principles and mechanisms for
undertaking various CSR activities/ programs by the Company.
2. Vision statement and CSR philosophy
BlueHawk Venture Group LLC (BVG) Social Responsibility (CSR) policy refers to its commitment as an organization beyond the core business objectives. As a socially responsible and ethical participant in its contribution towards equitable and inclusive growth, the Company envisages on creating shared value with long term sustainable development vision for the larger communities through strategic social investment and employee volunteering engagement programs. These activities reach out to integrate social value creation with the business goals that foster sustainable benefits for all its stakeholders.
3. Objectives
The objectives of the BVG CSR Policy are to:
- Increasingly contribute to activities that are beneficial to society and community at large.
- Chart out a mechanism for undertaking CSR activities.
- Engage with the Company’s key stakeholders in matters related to CSR activities.
- Align the CSR activities undertaken by the Company with the applicable laws.
4. CSR implementation
The Company shall ensure that the CSR activities shall be undertaken/ executed/ implemented either by the Company itself and/ or through subsidiaries. The Company may elect to collaborate with its holding company/ subsidiaries/ fellow subsidiaries/ associates or other companies to undertake Corporate Social Responsibilities activities, provided that the CSR committees of the respective companies are in a position to report separately on such Corporate Social Responsibilities activities being undertaken in accordance with the Act.
5. CSR activities
(a) Owing to its tradition the Company is cognizant of being a socially responsible entity. The Company has been and will continue to engage in endeavors that strategically consolidate and strengthen its CSR initiatives that act as change enablers for myriad local and national social, ecological and economic related development concerns and challenges. The CSR projects are broadly categorized under four thematic areas as:
- Education
- Health
- Environment
- Community Development
(b) The Company will undertake its CSR activities in the following areas aligned with the Sustainable Development Goals:
(i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation;
(ii) promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects;
(iii) promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
(iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water;
(v) 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 art and handicrafts;
(vi) measures for the benefit of armed forces veterans, war widows and their dependents;
(vii) training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
(viii) contribution for socio economic development and relief and welfare of minorities and women;
(ix) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine;
(x)Rural development projects including community/ social/ infrastructure creation intended for the general well being of society at large;
(xi) Slum area development including social infrastructure projects in urban areas aimed at improving the well-being and safety of the general public in such urban areas; and
(xii) disaster management, including relief, rehabilitation and reconstruction activities.
(c) The Company shall give preference to the local area and areas around it where it operates, for undertaking/ implementing/ executing/ collaborating for CSR activities for the marginalized and vulnerable population.
6. CSR action plan
Engagement of International Organizations: The Company may engage international organizations for designing, monitoring and evaluation of the CSR activities as per the CSR policy as well as for capacity building of its own personnel for CSR.
7. Capacity building
The Company may build CSR capacities by providing suitable training to its own personnel as well as those of implementing agencies through recognized institutions.
8. General
In case of any doubt with regard to any provisions of the CSR Policy and also in respect of matters not covered herein, a reference to be made to the CSR Committee or to the Chairman of the CSR Committee. In all such matters, the interpretation and decision of the Chairman of the CSR Committee shall be final.
