OVERVIEW-CORPORATE SOCIAL RESPONSIBILITY
At GAIL, we believe that corporate responsibilities go beyond the financial, to non-financial areas such as community development and nation building. Conducting business responsibly is central to our philosophy. Community improvement, undertaken in consultation with local groups (Gram Panchayats, Revenue Offices, Collectors, State or District authorities, school teachers and principals), is an integral part of all our corporate activities. As a national company, we have given CSR its due importance with the creation of a portfolio dedicated to funding and helping various social causes and working towards strengthening the relationship between the Government and citizens. We also support solutions for rural development and for reducing socio-economic disparities.
We have committed 1% of the company's net Profit After Tax (PAT) of the previous financial year to CSR programmes. These are spread across three levels National, Zonal and Work Centre. Whereas the National and Zonal programmes are executed by the Corporate or Zonal Offices, the Work Centre programmes are carried out at the Work Centre itself, and are allocated 75% of the overall CSR budget. Our social welfare programmes come under the Special Component Plan (SCP) and Tribal Sub Plan (TCP) of the Government of India.
GAIL is one of the few companies that has fulfilled the reservation target for employment to Scheduled Castes / Scheduled Tribes and physically challenged persons. The major areas that we work in deals with raising awareness levels and enacting efficient measures to help empower India's physically challenged.
We evaluate our performance by the triple bottom line - social, environmental, and financial success. Thus, we catalyse initiatives aimed at sustainable development even as we continue to grow and reward investors' the community. Today, sustainability is a buzzword with every corporate contributing to some cause or the other. But for sustenance, the transparency of the project and the genuineness of the executors are equally important.
At GAIL, Corporate Social Responsibility is :
"Continuing commitment for operating our core businesses in a socially responsible way, complemented by investment in communities, so as to produce an overall positive impact on society".
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