At Coffee Day Global Limited, they have integrated activities geared towards corporate social responsibility into their operations, thereby achieving commercial success in ways that honor ethical values and respect people, communities, and the environment. Their footprint across economic, social and environmental initiatives is a reflection of its overall objective. They strive to preserve the natural beauty and history, along with the natives of the land – the people, wildlife and the forest cover.
This policy sets out the Company’s commitment & approach towards Corporate Social Responsibility. The Company endeavors to facilitate livelihood opportunities, socio-cultural development and environmental sustainability in areas of its operations.
The CSR Committee shall comprise three or more directors of which, at least one will be an independent director. The CSR Committee of the Company shall be responsible for:
- Formulating and recommending to the Board the CSR Policy which shall indicate activities to be undertaken in line with Section 135 read with Schedule VII of the Companies Act.
- Recommending to the Board the CSR expenditure to be incurred.
- Monitor the implementation of the CSR Policy from time to time.
The CSR activities will be driven by a dedicated team from the CSR Committee, forming the Core Monitoring Group under the guidance and support of the CSR Committee members and the Board. The CSR Committee will be responsible for monitoring approved projects and fund disbursals for such projects. The Core monitoring group reviews the periodic reports from the designated Cluster CSR Committee. Where required, Core monitoring group may carry out an independent assessment to assess the adequacy of implementation. Further, core monitoring group shall provide any assistance that may be required at cluster level.