Corporate Social Responsibility: ICD India

Context

Our CSR vision is to actively contribute to the social and economic development of the communities where we operate. In doing so, we aim to build a better, more sustainable way of life for the weaker sections of society and raise the country's human development index. Our CSR activities focus on the principle of enabling access to quality education, better healthcare facilities, access to better health and hygiene, and more.

 

ICD Security Solutions (India) Private Limited carried out its first formal CSR activity from 2018-2019, with funds collected from 2017-2018.

Governance

CSR implementation in India is periodically reviewed and monitored by the duly constituted CSR Committee of the Board as per the requirements of Section 135 of the local Companies Act, 2013. The CSR Committee of the Board is responsible for (a) recommending to the Board a CSR policy and indicating the activities to be undertaken by the company; (b) recommending the expenditure to be incurred on CSR activities; (c) disclosing the content of the policy, including projects undertaken, in its report and on the company’s website; (d) monitoring the implementation of activities included in the CSR policy; and (e) monitoring the spending on CSR activities by the company in each financial year, in terms of the Companies Act, 2013. In computing such profit, any wholly owned and partly owned subsidiaries as well as overseas branches shall not be considered.

Implementation

The operational procedure for India will be aligned with the requirements of Clause 135 of the Companies Act 2013. Proposals for new CSR activities, as and when received, shall be evaluated in terms of appropriateness and alignment with ICD's CSR policy. On clearing the evaluation process, the same shall be put up to the CSR Committee for approval, as per the CSR policy.

CSR Committee

The CSR Committee consists of the following directors:

  1. Wang Chaozhen (Tony Wang)
  2. Yap Kui Chuan (Nicholas Yap)
  3. Narasimha Murthy Nagaraj
The first CRS board meeting held in Hong Kong, 3rd of April 2019, attended by all CSR committee members
The first CRS board meeting held in Hong Kong, 3rd of April 2019, attended by all CSR committee members

Responsibilities of the Committee

The responsibilities of the CSR Committee include:

  1. Formulating and recommending the CSR Policy and indicating activities to be undertaken to the Board of Directors; 
  2. Recommending the amount of expenditure for the CSR activities; and
  3. Monitoring CSR activities.

Our Contribution

The committee decided to contribute the CSR funds for the year 2017-2018 to the noble cause of eradication of hunger, poverty and malnutrition, by contributing to The Akshaya Patra Foundation's Mid-Day Meal Scheme which serve meals to students in need across the state of Karnataka. Our Company has extended support by sponsoring INR14,95,000 (1.495 million) towards the Mid-Day Meal Scheme which serves a mid-day meal to 1343 government aided school children every day over the period of one year from 1st April, 2018 to 31st March, 2019.

 

The Akshaya Patra Foundation added our company logo to their vehicle which serves food to school children. The entire ICD India Bengaluru team inaugurated the vehicle on its first day serving food.  

A copy of the acknowledgement letter received from the foundation for the contribution of INR 1,495,000 is listed below, as per the CSR obligation under Section 135 of the Companies Act, 2013. 

About the Akshaya Patra Foundation

The Akshaya Patra Foundation is a not-for-profit organisation headquartered in Bengaluru, India. The Akshaya Patra organisation strives to eliminate classroom hunger by implementing the Mid-Day Meal Scheme in the government schools and government-aided schools. In addition, Akshaya Patra also aims to address malnutrition and supports the right to education of socioeconomically disadvantaged children.

 

Since 2000, Akshaya Patra has been concerting all its efforts towards providing fresh and nutritious meals to children on every single school day. Akshaya Patra are continuously leveraging technology to multiply their reach. The state-of-the-art kitchens have become a subject of study and have attracted curious visitors from around the world.

 

Akshaya Patra's partnership with the Government of India and various State Governments, alongside continuous support from corporations, individual donors, and well-wishers have helped the foundation to grow from serving just 1,500 children in 5 schools in 2000 to serving meals to over 1.76 million children today.

 

Today, Akshaya Patra is the world’s largest (not-for-profit run) Mid-Day Meal Program serving wholesome food every school day to over 1.76 million children from 15,668 schools across 12 states in India.


We have a range of social responsibility initiatives across the Asia Pacific.