Mytrah's CSR Policy

A clear and approved CSR policy is desirable for any company for more than one reason – good corporate governance, placement in the public domain for increased visibility and transparency, provision of a clear approach for the CSR teams implementing and monitoring CSR activities, and guidance on building employee awareness about the management’s commitment to CSR.

It is mandatory under Section 135 of the Companies Act 2013 to constitute a CSR committee of the board. The intent is to ensure that this committee formulates and recommends an inclusive CSR policy to the board to indicate the activities to be undertaken by the company as specified in Schedule VII.

objectives

  • To share Mytrah’s commitment to CSR with stakeholders
  • To provide guidance on strategy, programme and geographical approaches, methods of planning and implementation of projects, and all the activities to be taken up on the ground to stakeholders
  • To bring about standardization and uniformity across approaches and projects, duly recognizing location-specific issues and aspects
  • To periodically measure outputs, outcomes and impacts of the implemented project through reviews and mid-term and ex-post evaluations
  • To comply with statutory requirements under the Companies Act 2013 and the IT Act 1961

Policy Framework

Mytrah endeavours to bring in the synergy element in its activities to create value for all our stakeholders. We do so by implementing focused and sustainable CSR projects and programmes across the Group. To implement an effective CSR policy, it is important to align all the relevant elements of CSR. These include a clear Policy Statement, Strategic CSR domain-based interventions, a definite CSR governance structure, sustainable CSR implementation approaches and CSR communication strategies for both internal and external communication.

The overall synergy is achieved through an understanding of stakeholders’ needs at locations, existing organizational mandates, interaction with key stakeholders across the Group, and participation at all levels of the Group in taking the CSR mandate forward.

Mytrah is committed to ensuring societal and community wellbeing through its myriad CSR initiatives. In the coming year too, we will endeavour to achieve our larger objective of community empowerment while maintaining our focus on:

Scope

Mytrah’s CSR Policy meets the statutory requirements as per section 135 of the Companies Act 2013 and the rules framed to implement various social and economic development activities. That said, it also covers various broad activities, approaches, and methods to be considered in taking up CSR activities for the Mytrah Group in the four widely recognized domains of – Workplace (employees and their families), Marketplace (clients, customers, contractors and shareholders and secondary stakeholders), Community (neighbourhood communities and society at large) and Environment (Sustainable climate change adaptation measures). While Section 135 (5) of the Companies Act 2013 lays emphasis on giving preference to the local area / areas around the company where it operates, it disallows spending the amount earmarked for CSR on business-related expenditure or employees. Further, as directed by Section 135 of the Companies Act 2013, the activities must be implemented in the project and programme mode and, therefore, spending money on one-time events must be avoided.

Mytrah’s CSR Policy is applicable to all its subsidiaries, which have been set up as Special Purpose Vehicles (SPVs) implementing CSR activities and to all locations from where Mytrah operates.

Mytrah’s CSR Policy is freely placed / available in the public domain and can be accessed by general the public and the Group’s employees alike. The policy educates employees about the standards required to uphold it. It also makes clear to all stakeholders – customers, employees, shareholders, investors, suppliers and business partners, non-government organizations, pressure groups, and the community in which it operates – what our vision for CSR is and how we propose to work towards achieving it.

CSR Policy Statement

At Mytrah, CSR begins with the conviction that the business we do is pertinent and important to society. Our core values too are aligned with social responsibility as a proposition and we are committed to contribute to the creation of infrastructure and energy security in every way possible.

Our Vision, therefore, is ‘to be the catalysts of positive change in society’ and our Mission is ‘to contribute towards improving the quality of life of our neighbourhood communities and society at large following a participatory development-oriented approach.

Our CSR activities encompass social, economic and environmental aspects that are interlaced with our stakeholders’ engagements. That said, we achieve sustainable development by focusing on meeting present needs without compromising on the ability of future generations to meet their own needs.

Our strategy objectives, meanwhile, focus on promoting entrepreneurship to contribute to the economic growth of the country, university-level technical and professional education to meet the growing need for quality human resources across various sectors, and on encouraging sports and sportspersons to motivate youth to develop their skills and excel, as reflected in our Vision and Mission statements.

Passion and professionalism define the way we work on, and deliver, various CSR projects we undertake while adhering strictly with the laws of the land.