csr

1. Preamble

CSR Covers the entire process by which an organisation approaches, defines and develops its relationships with stakeholders for the common good, and demonstrates its commitment in this regard by adopting appropriate strategies and projects. Thus CSR is not charity or mere donations but a way of going beyond business as usual, creating shared value and contributing to social and environmental good

2. Purpose

Drools Pet Food Private Limited is committed to identifying and supporting programs aimed at:

• Developing and advancing the community and in particular, those at the bottom of the pyramid who are unequally endowed/enabled and also
• Reducing the negative impact of its operations on the environment

The CSR policy would function as a self-regulating mechanism for the Company’s CSR activities and enable adherence to laws, ethical standards, and international practices in this regard.

3. Policy Statement / Vision

The Company’s CSR mission is to contribute to the social and economic development of the community. Through a series of interventions, the company seek to mainstream economically, physically and socially challenged groups and to draw them into the cycle of growth, development and empowerment. At the core of this is its commitment to reach out marginalized through its Sustainable livelihood initiatives.

The Company’s strategy is to integrate its activities in community development, social responsibility and environmental responsibility and encourage each business unit or function to include these considerations in its operations.

4. Scope

This policy will apply to all projects/programs undertaken as part of the Company’s Corporate Social Responsibility activities and will be developed, reviewed and updated by reference to relevant codes of corporate governance and international standards or best practices. This policy is also in line with the CSR Rules. (Sec. 135 of Companies Act, 2013)

5. Governance

Overall governance of CSR and approval of the CSR Policy will be the responsibility of the Board of Directors. The Board of Directors of the company will be responsible for administering and executing the policy. As the Company’s CSR activities evolve further, the policy may be revised from time to time

6. CSR Budget

The overall amount to be committed to CSR will be approved by the Board as part of the Company’s overall Annual Budget/Plan. Within the budgeted amount, specific CSR initiatives/projects will be approved in line with process approved by the Board. All Projects undertaken by the Company will be approved /ratified by the Company’s Board of Directors.