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    Amway India CSRpolicyfinal

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    Shubhankar Rudra
    This policy outlines Amway India's corporate social responsibility initiatives and governance structure. The key points are: 1. Amway India has been executing CSR initiatives since 1996 through the Amway Opportunity Foundation, focusing on education, health, hygiene, livelihoods, and responding to disasters. 2. The purpose of the policy is to define Amway's approach to CSR and identify broad intervention areas like education, health, livelihoods, nutrition, and environment. 3. CSR activities will be implemented directly or through partners, and focus areas include education, health, livelihoods, malnutrition and environment projects.

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    Amway India CSRpolicyfinal

    Uploaded by

    Shubhankar Rudra
    224 views6 pages
    This policy outlines Amway India's corporate social responsibility initiatives and governance structure. The key points are: 1. Amway India has been executing CSR initiatives since 1996 through the Amway Opportunity Foundation, focusing on education, health, hygiene, livelihoods, and responding to disasters. 2. The purpose of the policy is to define Amway's approach to CSR and identify broad intervention areas like education, health, livelihoods, nutrition, and environment. 3. CSR activities will be implemented directly or through partners, and focus areas include education, health, livelihoods, malnutrition and environment projects.

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    This policy outlines Amway India's corporate social responsibility initiatives and governance structure. The key points are: 1. Amway India has been executing CSR initiatives since 1996 through the Amway Opportunity Foundation, focusing on education, health, hygiene, livelihoods, and responding to disasters. 2. The purpose of the policy is to define Amway's approach to CSR and identify broad intervention areas like education, health, livelihoods, nutrition, and environment. 3. CSR activities will be implemented directly or through partners, and focus areas include education, health, livelihoods, malnutrition and environment projects.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    224 views6 pages

    Amway India CSRpolicyfinal

    Uploaded by

    Shubhankar Rudra
    This policy outlines Amway India's corporate social responsibility initiatives and governance structure. The key points are: 1. Amway India has been executing CSR initiatives since 1996 through the Amway Opportunity Foundation, focusing on education, health, hygiene, livelihoods, and responding to disasters. 2. The purpose of the policy is to define Amway's approach to CSR and identify broad intervention areas like education, health, livelihoods, nutrition, and environment. 3. CSR activities will be implemented directly or through partners, and focus areas include education, health, livelihoods, malnutrition and environment projects.

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    You are on page 1of 6

    CorporateSocialResponsibilityPolicy

    AmwayIndiaEnterprisesPrivateLimited

    1.

    Preamble
    GivingbacktosocietyisintheethosandbeliefsystemofAmwayIndiaEnterprisesPrivate
    Limited(HereinafterreferredtoasAmwayIndiaorAmway).WhichiswhywhileAmway
    IndiastartedcommercialoperationsinMay1998,wetookourfirststepmuchearlierinthe
    social sector in 1996. Amway India has been executing its Corporate Social Responsibility
    initiativesthroughtheAmwayOpportunityFoundation(AOF),anotforprofitorganization,
    registeredundertheSocietiesRegistrationActXXI.OurCSRinitiativesarebasedonthebelief
    thatsocialresponsibilityismuchmorethantheincurrenceofcostorresourceoracharitable
    /philanthropicactofsocialbenefit.

    2.CSRVisionStatement

    3.

    Enablethelessprivilegedsectionofthesociety,especiallychildren,toleadabetter
    life.

    Helpingpeoplelivebetterlives

    Purpose
    ThekeypurposeofthisCSRpolicyisto:

    4.

    DefinewhatCSRmeanstousandthesuggestedapproachtoachieveourgoalofhelping
    peoplelivebetterlives.
    DefinethekindofprojectsthatAmwaywishestoundertakeaspartofitsCSRinitiatives
    anditsexecutionmodalities.
    Identifybroadareasofinterventioninwhichthecompanywillundertakeprojects.
    DeterminetheestimatedCSRspend.
    Laydowntheimplementation,monitoringandreportingframework.

    TitleandApplicability
    The Policy lays down the principles and mechanisms for undertaking various programs in
    accordancewithSection135oftheCompaniesAct,2013(hereinafterreferredtoastheAct)
    onCSRandinaccordancewiththeCSRrules(hereinafterreferredtoastheRules)notified
    bytheMinistryofCorporateAffairs,GOIon27thFebruary2014asamendedfromtimeto
    timeandcircularsandnotificationsissuedthereunder.

    The Policy shall apply to all the CSR programs and activities undertaken by Amway India
    directlyorthroughitsCSRarm,AmwayOpportunityFoundation(hereinafterreferredtoas
    AOF),orthroughanyotherregisteredtrust/society/section8companyatvariouslocations
    inIndiaasperScheduleVIIoftheActforthebettermentofIndiancommunity.

    5.

    KeyfocusareasofCSRInitiativesatAmwayIndia(CSRProjects)

    InaccordancewiththerequirementofCompaniesAct,2013,AmwayIndiaactivities,amongst
    other,willfocuson:

    Broad Actions
    Schedule VII activity Amway Initiatives/
    (throughtieupswithanyregistered
    Projects

    trust/foundation/society/nonprofit

    organizationincludingHospitalsacrossIndia)
    Education,Healthand
    ProjectSunrise
    Amway will identify intervention areas
    Hygiene
    and promote and contribute in
    education, health and hygiene of
    underprivilegedChildren.

    LivelihoodEnhancement NationalProjectfor
    VisuallyChallenged

    Heath&MedicalCare

    AmwaythroughAOFhasalreadytiedup
    with around 40 NGOs and continue to
    support underprivileged children in the
    areasofeducation,healthandhygiene.

    Amway will work to provide skill


    developmentandadvancethecauseof
    building capacity in visually challenged
    Individuals.

    AmwaythroughAOFhassetupsixteen
    fullyequipped computer centres for
    visually challenged children to provide
    computertraining&ITjobrelatedskills
    toenablethemtobecomeeconomically
    independentinfuture.

    The braille textbooks project in various


    states across India aims at providing
    primary education for betterment of
    visually challenged children and make
    them capable for further academic
    pursuits.

    Toprovidehealthcarefacilitiestothe
    underprivilegedincluding
    organizingfree/subsidizedhealth
    camps,
    providingsubsidized/freemedical
    treatment,etc.

    ChildhoodMalnutrition

    NutrilitePowerof5
    Campaign

    Environment
    Sustainability

    Responseto
    HumanitarianDisaster

    Theprogramisfocusedonsolvingissues
    facedbymalnourishedchildren(below5
    yearsofage).
    Amway will focus on projects bringing
    nutrition to malnourished children as
    well as on creating awareness on child
    malnutrition.
    AmwayIndiawilltakeinitiativestoconservethe
    natural resources of water and soil in
    partnershipwithvariousNGOs/Governmentetc.
    primarilyfocusingonrainwaterharvestingand
    tree plantation, promoting environmental
    sustainability, ecological balance etc. The
    harvestedwatercanbeusedasdrinkingwateras
    well as for storage and other purpose like
    irrigation.
    Amway will extend its helping hand to aid
    communities facing natural disasters through
    multifariouswaysasmayberequiredunderthe
    circumstances.

    TheCSRCommittee,withapprovalofBoard,reservestherighttochange,insert,amendorwithdraw
    anyactivities/projectsofthepolicyanytimeduringtheyearinaccordancewithScheduleVIIofthe
    Act.

    6.

    Implementation

    7.

    ThemodeofimplementationofCSRprogramswillincludeacombinationofdirectand
    indirectimplementationthroughAmwayopportunityFoundationand/orworkingwith
    partnerssuchasGovernmentsandGovernmentbodies,Governmentschoolsandcollege,
    traininginstitutes,NGOs,businesspartners,registeredsocietiesetc.Amwaywillselect
    itsactivitypartnersafterappropriateduediligence.
    Amwaymayusetheservicesofinternalteams,expertagencies,consultancyfirmsetc.,
    wherever required for carrying out base line surveys, guidance on project design and
    implementation,duediligenceofimplementationpartners,impactassessmentsurveys
    etc.
    AmwaywillencourageemployeesandindependentAmwaydistributorsforvolunteering
    incommunityservice.

    GovernanceStructure

    The Company through a registered society/trust/section 8 company can undertake CSR


    activities as per the provision of Companies Act, 2013. Accordingly, Amway Opportunity
    FoundationoranyotherregisteredNGOasdeemedsuitablebyAmwaywillworkcloselywith
    andsupporttheBoardandtheCSRCommitteeinimplementingCSRactivitiesoftheCompany.

    AmwayOpportunityFoundationoranyotherregisteredNGOcanassisttheCSRCommittee
    inidentifyingthenewCSRareas,CSRactivities,programsandexecutionofinitiatives.Amway
    Opportunity Foundation or any other registered NGO will also assist the Board and the
    Committee in reporting the progress of deployed initiatives and in making appropriate
    disclosuresontheperiodicbasis.TheBoardwillreportCSRperformanceinitsannualreport
    asperthestructureandformatprescribedinthenotifiedCSRRules.

    8.

    BoardLevelCSRCommittee

    TheCSRCommitteewillconsistofalltheDirectorsforthetimebeinginforceintheCompany
    whichshallnotbelessthan3atanypointoftimeunlessAmwayhasonly2directorsonthe
    Board.

    Responsibilities:

    formulateandrecommendtheCSRPolicytotheBoardforapproval
    monitortheCSRPolicyfromtimetotimeandrecommendchangestotheBoard
    recommendtheamountofexpendituretobeincurredonCSRprojects
    constitute a transparent monitoring mechanism for ensuring effective and efficient
    implementationoftheCSRprojects
    constitute a CSR team for coodination, implementation and monitoring of the CSR
    activitiesinaccordancewiththePolicyandprovideguidancetotheteam.

    9.MonitoringandReportingFramework

    Amway will institute a monitoring and evaluation mechanism to ensure that each CSR
    programhas:
    Definedobjectivesdevelopedoutofthesocietalneeds
    Definedtargets,timelinesandmeasureableparameters,whereverpossible

    TheCommitteewillperiodicallymonitortheCSRspendprogramsandactivitiesundertaken.
    Monitoring activities may include monthly field visits, comprehensive documentation,
    periodic reports from implementing agencies and regular interaction with beneficiary
    communities.

    The Board of Director will report CSR performance in its annual reports per structure and
    formatprescribedinnotifiedCSRrules.

    10.
    Budget

    InaccordancewiththeAct,aspecificbudgetisallocatedforCSRinitiatives.Thisbudgetis
    project driven and may be allocated by the Board and the CSR committee based on the
    prioritizationandimpactassessmentofthefocusareas.
    11.TreatmentofSurpluses
    AnysurplusgeneratedfromCSRprojectsundertakenbyuswillbetrackedandchannelized
    intoourCSRcorpus.ThesefundswillbefurtherusedindevelopmentoftheCSRprojectsand
    willnotbeaddedtothenormalbusinessprofits.

    12.

    13.

    Informationdissemination
    Thecompanysengagementinthisdomainisdisseminatedonitswebsite,newsletters,and
    throughthemedia.
    EFFECTIVEDATEOFTHEPOLICY
    ThePolicyiseffectivefrom1stApril2014.

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