Corporate Social Responsibility is resolutely affiliated with the principles of Sustainability. An organization should contribute to Sustainable Development and make decisions based not only on financial factors, but also on the social and environmental consequences. Keeping the same in mind, it is the core responsibility of Merlin Group to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders by delivering economic, social and environmental benefits.
Our Vision is to actively contribute to the social and economic developments of the communities in which we operate. In doing so, we build a better, sustainable way of life for the weaker sections of society and raise the country’s human development index.
Ensuring socio-economic developments as we provide the most professional, informative, loyal and dedicated service in the industry. The best interest of our client and stakeholders will always come first and we will place the client’s and societys concern ahead of our own in each and every transactions, as we are dedicated to the development of long-term client relationship!
Ensuring environmental sustainability, promoting education, promoting bio-diversity, eradicating hunger, poverty, malnutrition and promoting healthcare including preventive healthcare.
All CSR activities shall be driven by the core value of Inclusion. Merlin Group shall ensure that all developmental activities/initiatives undertaken are accessible to the most marginalized segments such as children, women, elderly and those with disabilities. This would reflect particularly in the field of education, healthcare, sanitation, community welfare, skill development, employment generation, infrastructure development, promotion of national heritage and culture etc.
Corporation will have a Board Level Sub-Committee herein after referred to as CSR Committee consisting of three or more Directors out of which at least one shall be an Independent Director.
CSR Committee:
Corporation will have a Board Level Sub-Committee herein after referred to as CSR Committee consisting of three or more Directors out of which at least one shall be an Independent Director.
The role/responsibilities of the CSR Committee include:
All projects are identified in a participatory manner in consultation with the community, latterly sitting with them and gauging their basic needs. We do recourse to the participatory rural appraisal mapping process. Subsequently, based on the consensus and in discussion with local people, society at large, NGOs, Trusts and other influential projects are prioritized. The corporation’s CSR focus areas are inspired from national developmental policies and international commitments of nation for development of children, women and weaker sections. Merlin Projects Limited CSR focus areas are based on inspiration from legislations on Child Rights, Child Development and Education, National Health Policy and National Health Missions, Health Care in India – Vision 2020, National Skill Development Mission, and policies on community/rural development.
All projects are identified in a participatory manner in consultation with the community, latterly sitting with them and gauging their basic needs. We do recourse to the participatory rural appraisal mapping process. Subsequently, based on the consensus and in discussion with local people, society at large, NGOs, Trusts and other influential projects are prioritized. The corporation’s CSR focus areas are inspired from national developmental policies and international commitments of nation for development of children, women and weaker sections. Merlin Projects Limited CSR focus areas are based on inspiration from legislations on Child Rights, Child Development and Education, National Health Policy and National Health Missions, Health Care in India – Vision 2020, National Skill Development Mission, and policies on community/rural development.
All projects/programs/activities will be in the areas of:
Detailed break up of projects/programs activities under each of these will be approved in line with the Limits of Authority Manual.
Any projects/programs activities in areas other than the above will be taken with the approval of CSR Committee.
These projects/programs/activities shall be undertaken at any of the following:
CSR projects/programs/activities will be implemented through implementing partners/specialized agencies. The minimum eligibility criteria of an implementing partner are as follows:
In alignment with The Companies Act, 2013 the corporation shall earmark as CSR Budget, at least 2% of the average of net profits of the company made during the three immediately preceding financial years.
a ) Annual CSR Budget
In alignment with The Companies Act, 2013 the corporation shall earmark as CSR Budget, at least 2% of the average of net profits of the company made during the three immediately preceding financial years.
b) Budgetary Allocations
Not less than 60% of the Budget will be allocated for activities in a Project mode.
Not more than 5% of the budget will be allocated for capacity building and communications.
Balance budget will be for one time and other social activities. On an overall basis, at least 25% of the budget should be with a special focus on SC/ST/Welfare Plan for Weaker Section.
Any surplus arising out of the CSR projects/programs/activities will not form part of the business profit of the Company.
a) Monitoring process will be a two tier mechanism through:
b) In addition to the above, at the end of the year, Third Party Impact Assessment of major projects will be carried out.
Activities which will be undertaken to comply with CSR policy by the company:
