CORPORATE SOCIAL RESPONSIBILITY POLICY OF DISCOVERY COMMUNICATIONS INDIA
(private company with unlimited liability)
Discovery Communications India (“Company”) is an integral part of Discovery Communications group of companies, one of the world’s largest infotainment broadcasting companies. The Company’s corporate social responsibility (“CSR”) policy truly reflects the vision of the Company to help positively impact the lives of the downtrodden and socially backward sections. The Company strives to become a significant contributor to CSR initiatives in India by implementing social welfare projects for upliftment of underprivileged sections of the society.
CONSTITUTION OF COPORATE SOCIAL RESPONSIBILITY COMMITTEE
The board of directors of the Company (the “Board”) have constituted a corporate social responsibility committee (“CSR Committee”) pursuant to Section 135 of the Companies Act, 2013 (the “Act”), and Companies (Corporate Social Responsibility Policy) Rules, 2014 (the “Rules”).
The CSR Committee will carry out the following functions:
- formulate and recommend to the Board, a CSR policy indicating activities to be undertaken as specified in Schedule VII of the Act;
- recommend the amount of expenditure to be incurred on the activities referred to in subparagraph (i) above; and
- monitor implementation of the CSR policy from time to time.
In accordance with the requirements of the Act, the Company’s CSR initiatives will mainly focus on the following areas:
a) Ensuring environmental sustainability and ecological balance through:
- Promoting welfare of animals;
- Plantation drives in schools, villages, offices/business premises and other areas in general;
- Conservation of natural resources;
- Maintaining quality of soil, air and water;
- Adoption of wastelands to cultivate plants; and
- Promoting biodiversity.
b) Gender Equality and Empowerment of Women: Adopting measures and programs to bridge the gap created by gender discrimination faced by socially and economically backward groups.
c) Rural Development Projects: Empowering and strengthening rural areas by providing safe drinking water, renovating school buildings, improving accessibility, building public toilets, sanitation and power, thereby creating sustainable villages.
d) National Heritage, Arts and Culture: Protecting monuments, national heritage, arts and culture, including restoration of monuments and sites of historical importance, building public library, promoting traditional handicrafts and arts.
e) Eradicating hunger, poverty and malnutrition: o Provision of food, nutrition supplement, clothes for the poor, underprivileged children and other deprived sections of the society; o Supporting nutrition in anganwadi centres; o Provision of shelter for homeless; and o Promoting sanitation and making available safe drinking water.
f) Contribution to Government Funds: Contributing to the Prime Minister’s National Relief Fund or any other fund set up by the central government for socio-economic development and relief and welfare of the scheduled castes, the scheduled tribes, other backward classes, minorities and women.
The Board may deliberate and decide to undertake additional CSR initiatives falling within the purview of Schedule VII of the Act, as may be amended from time to time, based on the recommendations of the CSR Committee.
MONITORING PROCESS OF CSR INITIATIVES
The CSR Committee will identify a project monitoring team to carry out the following functions:
- To ensure that the CSR policy is implemented as per the provisions of the Act and the Rules and that all programs are duly implemented;
- Monitor the CSR expenditure in an accountable and transparent manner; and
- Review periodically the CSR project reports and present the same to the Board on an annual basis.
COMPOSITION OF CSR COMMITTEE
Board will constitute the CSR committee of the Company. The Committee shall consist of at least three members. Board has the power of appointing and removing the member of the CSR Committee. Board alone shall have the power to fill any vacancy in the CSR Committee.
RESPONSIBILITY OF THE BOARD
The Board shall be responsible for the following:
- Approving the CSR policy as may be recommended by the CSR Committee, subject to necessary changes/modifications as the Board may deem fit;
- Ensuring that in each financial year the Company spends such amounts for CSR activities as may be stipulated in the Act, as amended from time
- to time (presently 2% of the average net profits of the Company made during the three (3) immediately preceding financial years); and
- Monitoring implementation of the CSR initiatives as set out in the CSR policy as amended from time to time in accordance with the Act.
EXPENDITURE OF CSR FUNDS
The Company intends to spend not less than 2% of the average net profits of the Company calculated as per Section 135 of the Act and its corresponding Rules, as amended from time to time, made during the three immediately preceding financial years for annual CSR initiatives. Any unutilised CSR allocation of a particular financial year, may be carried forward to the following year. Further, any surplus arising out of the CSR initiatives or programs or activities shall not form part of business profits of the Company.