National Bulk Handling Corporation Private Limited ("NBHC") is registered under the Companies Act, 2013 having its registered office at 7th Floor, A Wing, Dynasty Business Park, Chakala, Andheri Kurla Road, Andheri East, Mumbai - 400 059. NBHC was formed for strengthening the post-harvest infrastructural facilities of the country. The physical delivery system has evolved to include end-to-end solutions in procurement, storage, quality gradation, certification and inspection, commodity care and pest management, disposal and collateral management. The Government is pro-actively encouraging corporate participation in the above sectors and creating favourable conditions for promoting business and investments. Recognizing the immense business potential in the Indian agri-commodities management market, NBHC is at the forefront of creating and offering"Complete Solutions in Commodity Management" to all ecosystem participants
The stakeholders of NBHC desire to participate in Corporate Social Responsibility ("CSR") activities and wish to include CSR strategies as part of their management strategies for creation of a sustainable livelihood in society. This Policy is aimed at implementing welfare measures in the society by addressing the concerns of the marginalized section of the society as part of their core business areas and to encourage employees to give back to the society. This Policy is made in accordance with the Companies Act, 2013 ("Act") along with Companies (Corporate Social Responsibility) Rules, 2014 ("Rules") and forms parts of NBHC's key business process and this Policy has been approved by the Board of Directors of NBHC ("Board") in their meeting held on August 18th, 2014 and Board constituted CSR committee for implementation of CSR initiatives of NBHC.
NBHC believes in connecting people to markets. Reaching out to unserved communities such as farmers is part of NBHC's DNA. Indian farmers have the spirit of innovation and the capacity to feed a growing population and to feed it better. NBHC endeavors to help them gain access to the right incentives to do the job. Farmers need to be able to get their products to market, increase their competitiveness, and receive equitable price treatment when they do. NBHC believes in the partnership concept. This entails understanding the specific challenges small farmers face, and working towards creating meaningful solutions for the transition from an opaque to a transparent market.
CSR PHILOSOPHY AND VISION OF NBHC:
NBHC's CSR vision is -"to actively contribute to the social and economic development of farmers by helping them gain better. In doing so, build a better, sustainable way of life for rural communities and raise the country's human developmentShort title & Applicability
This Policy is titled as the "NBHC’s CSR Policy” and it shall apply to all CSR initiatives and activities taken up by the Company for the benefit of the Society.
In accordance with the Act and the Rules, the Board has constituted the Corporate Social Responsibility Committee ("CSR Committee") consisting of 3 (three) members (including the Directors and Non-Executive Directors). The present members of the CSR Committee are mentioned here in below and such membership of the CSR Committee shall be subject to review by the Board on a periodical basis:an style="mso-tab-count:2"> : Independent Member Director
b) Mr. Divya Sehgal : Member Director
c) Mr. Anil K. Choudhary : MD & CEO, Member to the Committee
Company Secretary will be secretary to the Committee
The CSR Committee shall, inter alia, perform the following functions:
Formulate and recommend to the Board, a CSR Policy which shall indicate the CSR activities proposed to be undertaken and such projects will be identified based on the proposed thematic areas as provided under the Act and the Rules therein;
1) To recommend the amount of expenditure to be incurred on the CSR activities; and
2) To monitor the implementation of the CSR Policy from time to time and take such other action as it may deem fit in pursuance of the CSR Vision of NBHC
CSR PROJECTS, PROGRAMMES AND ACTIVITIES
The initial focus of NBHC will be on Gujarat and Maharashtra, where a sizeable number of Farmer Producer Organizations are active. These territories will be subject to periodical review.entified and prioritized in a participatory manner, in consultation with FPOs, local NGOs and other large community influential in each location. There is a need to create facilities for cleaning, grading and packaging not only in spot markets but also in the villages from where produce is brought to the market for sale.
There is a need to promote proper packaging after grading in conformity with FSSAI norms, so that, further chances of adulteration reduce. Besides this, there is a strong need to educate farmers about proper packaging and grading before they bring the produce to the market.
The focus areas will be on enhancing the marketability and marketing of crops through trainiThe focus areas will be on enhancing the marketability and marketing of crops through training in post-harvest commodity management and FSSAI norms, providing appropriate quality testing facilities at doorstep, and establishing supply chain linkages.
1.ent of procurement manual that includes SOPs for post-harvest management and storage, price fixation / valuation guidelines, quality specifications for various kinds of produce under FSSAI, quality assessment techniques / technologies / systems, risk management protocols especially for storage, processing and logistics.
2. Develop SOPs and Checklists for Key Activities related to Harvest and Post-harvest Management by Farmers, which shall facilitate in achieving, a) better handling of produce during harvest and post-harvest processes by farmers; b) improving quality and reducing wastage arising from improper handling by farmers.
3. Develop an Operational Manual for Aggregation, Procurement and Storage of Agricultural Produce supplied by Farmers, which shall facilitate in achieving,
a) Documenting key processes and guidelines for assessing quality and price of the agricultural produce supplied by farmers;
b) Enabling transparency, fairness and agreement between farmers and procuring agency;
c) Ensuring fulfillment of all regulatory compliances related to food procurement and storage.
4. Install quality testing equipment for parameters, such as moisture, at FPO premises for easy access before transporting goods to market. Once fully phased in, farmers will benefit from seeing quality grading before they enter into a transaction.
5. Guidance and implementation support for financing of stocks using pledge/warehouse financing.
6. Technical assistance for integration of an online auction / bulk sales platform.
7. Market intelligence to connect anchor implementation partners to unmet demand for sustainable produce.
8. Rural sanitation for farmers initially in states like Maharashtra and Gujarat.
9. Engaging the services of organisations like the National Skills Foundation of India for the skill development of rural people and farmers.
10. Contribution to Prime Minister’s National Relief Fund or any other fund setup by the Central Government.
Following kind of expenditure or contributions to other parties shall not be construed as expenditure on CSR Activity under this Policy : 1) All Projects, programs or Activities that benefit only the employees of NBHC and their families.
2) All Projects, programs or Activities those are undertaken outside India.
3) All kind of Political Contribution whether directly or indirectly
4) All projects, programs and activities, which are undertaken in pursuance of its normal course of bAll projects, programs and activities, which are undertaken in pursuance of its normal course of business.
TARGETS, TIMEFRAMES AND PERFORMANCE MANAGEMENT:
Prior to the commencement of projects, NBHC will carry out a baseline study of FPOs and their challenges. The study will encompass various parameters such as - price information asymmetry, access to markets, buyer linkages, and state of post-harvest infrastructure, among others. From the data generated, a 1 year plan and a 3 year rolling plan will be developed for each FPO. These plans will be presented at the CSR Annual Planning and Budgeting meet. All projects will be assessed under the agreed strategy, and be monitored every quarter, measured against targets and budgets. Wherever necessary, midcourse corrections will be made.
ORGANISATIONAL MECHANISM AND PERFORMANCE:
NBHC will provide the vision under the leadership of its Board, CSR Committee and Managing Director. This vision will underline all CSR activities.BHC and/or its eligible subsidiaries, volunteers, along with outside consultants wherever necessary. To measure the impact of the work done, a social satisfaction survey / audit will be carried out by an external agency.
Collaborative partnerships will be formed with the entire system of stakeholders with the expertise, the influence and the infrastructure to coordinate a fundamental shift, not only in our own operations, but in the way agricultural markets operate. This will help widen the NBHC's reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.
SURPLUS OF CSR PROJECTS:
The surplus arising out of the projects or programs or activities shall not form part of the business profit of NBHC and such surplus shall be invested in suitable bank deposits, liquid funds and other instruments offering adequate safety and reliability and any interest income earned on the foregoing shall be utilized for CSR purposes.
The NBHC's CSR projects will be disseminated on its website, annual reports, house journals and through the media. NBHC will provide employees, customers and external stakeholders with a significant depth of information about this issue through credible research, white papers, videos, stories, and social media.
The Board, our management and all of our employees subscribe to the philosophy of ethical business. NBHC believes and act on an ethos of transparency, freedom and inclusiveness, characterized by a willingness to build a commodity ecosystem that works for everyone. This is the cornerstone of CSR Policy.
NBHC shall provide an annual report which is to be included in the Board's Report on all CSR activities undertaken as per the format prescribed in the Rules. The internal monitoring group shall prepare such report on behalf of NBHC.