Corporate Social Responsibility - CSR
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to fulfil their social obligation to the society. The Government of India has made it mandatory for companies of certain defined categories to contribute part of their profit to social activities. The Ministry of Corporate Affairs, Government of India under Section 135 of the Companies Act, 2013 makes it mandatory for companies having a Net worth of Rs.500 Crore / Turnover of Rs.1,000 Crore / Net profit of Rs. 5 crore must ensure to spend in every financial year at least 2% of its average net profits made during the immediately preceding three financial years for in CSR Activities.
The CSR activities in Schedule VII of the Indian Companies Act 2013 defines the allowed activities for CSR focused by LSSSDC:
- 1. Improvement in education which includes Special Education and Employment strengthening Vocational Skills among children, women, elderly and the differently-abled and livelihood enhancement projects.
- 2. Safeguarding environmental sustainability, ecological balance, protection of flora and fauna, conservation of natural resources and maintaining a quality of soil, air and water.
- 3. Engagement in Incubators or Research and development projects in the field of Science, Technology, Engineering and Medicine
- 4. Engagement in conducting research in Science, Technology, Engineering and Medicine aimed at promoting Sustainable Development Goals (SDGs).
- 5. Rural development projects.
LSSSDC brings together all the Stakeholders, Industries and the academia to develop a future ready Skilled Workforce for the Life Sciences Sector with following objectives:
STRATEGY
- Understand the philosophy of the Corporate entity
- Devise and execute suitable plan as per the CSR policy & activities of the Corporate aligned to LSSSDC capabilities
- Integrate the CSR activity for Skill Development / Livelihoods for the Organization
- Ensure monitoring and proper deployment of funds and project
- Outcome measurement to demonstrate Social ROI on Fund Spend and Impact Assessment.
EXECUTION
- Building a smooth and robust replicable model for CSR activity.
- Identifying suitable partner on Vocational Education under their CSR activity
- MoU for execution of the CSR programme as per agreed offer
- Execution and Monitoring of the training leading to certification
- Rehabilitation / Support for employability
- Outcome measurement and success evaluation including Impact Assessment
SERVICES
- PIA as a Vocational Education Agent
- Assessment and Certification including Online
- Project Consultants
- Project Monitoring Consultants
- Impact Assessment
- E-Learning training partner
- Virtual Training
- Mobilize trainees from extreme distressed segments of poor to handhold for skilling and enhancing their livelihoods.
LSSSDC has partnered with the following partners for CSR Activities:
| Name of the Partner |
Focus Area |
Location |
| Group Pharma |
|
|
| Saurav Chemicals Limited |
|
Punjab |
| Mankind |
|
|
| Granules India |
|
|
| Kumar Organics Private Limited |
|
|
