Corporate Social Responsibility (CSR) is a company’s commitment to operate in an economically, socially and environmentally sustainable manner. 

It is a continuing commitment by business to perform ethically and contribute to economic development while sustainable growth for the society at large. CSR extends beyond philanthropic activity and entails the company to act beyond statutory requirements and to integrate social, environmental and ethical concerns into the company's vision and mission. 

 

This CSR Policy is formulated under Section 135 of the Companies Act 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 and existing guidelines for CPSEs issued by Department of Public Enterprises, Government of India.

 

AIMS & OBJECTIVES 

 

IREDA being committed to operate and grow in a socially and environmentally sustainable manner; aims to optimally contribute towards the overall benefit to the public at large, under this CSR policy and the communally responsible regulatory regime executed by the Government of India from time to time through investment of funds in economically, socially and environmentally sustainable projects. 

IREDA promotes and will continue to facilitate enhancement of its value creation in society through contribution in sustainable community and environmental projects in the field of healthcare, nutrition, renewable energy, energy efficiency, clean technologies etc. towards environmental and social development of the country. 

 

IREDA shall also take up social welfare activities which fall under the eligible list of activities as per Schedule VII of the Companies Act, 2013 including all amendments issued from time to time. 

 

The key objectives of the CSR Policy shall be: 

 

a. To ensure an increased commitment at all levels in the organization to operate its business in an economically, socially& environmentally sustainable manner. 

b. To directly or indirectly take up programmes that benefit communities and results, over a period of time, in energy efficiency/ conservation and enhancing the quality of life & economic well‐being of the local populace. 

c. To generate, through its CSR initiatives, a community goodwill for IREDA and help reinforce a positive & socially responsible image of IREDA as a corporate entity. 

d. Encourage alignment with millennium development goals related to gender sensitivity, skill enhancement, entrepreneurship development etc. 

e. Encourage partnerships with National Disaster Management Authority (NDMAs) and other organizations at state and national levels to ensure preparedness of communities towards disaster resilience.