Terms of Reference for the Corporate Social Responsibility & ESG Committee is as follows:
For CSR
(a) formulate and recommend to the Board, a “Corporate Social Responsibility Policy” which shall indicate the activities to be undertaken by the Company as specified in Schedule VII of the Companies Act, 2013, and the rules made thereunder and make any revisions therein as and when decided by the Board;
(b) To identify corporate social responsibility policy partners and corporate social responsibility policy programmes;
(c) review and recommend the amount of expenditure to be incurred for the corporate social responsibility activities and the distribution of the same to various corporate social responsibility programmes undertaken by the Company;
(d) To review and monitor the implementation of corporate social responsibility programmes and issuing necessary directions as required for proper implementation and timely completion of corporate social responsibility programmes;
(e) To formulate and recommend to the Board, an annual action plan in pursuance to the Corporate Social Responsibility Policy, which shall include the following, namely:
i. the list of Corporate Social Responsibility projects or programmes that are approved to be undertaken in areas or subjects specified in the Schedule VII of the Companies Act, 2013;
ii. the manner of execution of such projects or programmes as specified in Rule 4 of the Companies (Corporate Social Responsibility Policy) Rules, 2014;
iii. the modalities of utilisation of funds and implementation schedules for the projects or programmes;
iv. monitoring and reporting mechanism for the projects or programmes;
v. details of need and impact assessment, if any, for the projects undertaken by the company.
Provided that the Board may alter such plan at any time during the financial year, as per the recommendations of the Corporate Social Responsibility & ESG Committee, based on the reasonable justification to that effect.
(f) monitor the corporate social responsibility policy of the Company and its implementation from time to time; and
(g) To perform such other duties and functions as the Board may require the Corporate Social Responsibility & ESG committee to undertake to promote the corporate social responsibility activities of the Company and exercise such other powers as may be conferred upon the Corporate Social Responsibility & ESG committee in terms of the provisions of Section 135 of the Companies Act, as amended.
(h) any other matter as the Corporate Social Responsibility & ESG committee may deem appropriate after approval of the Board or as may be directed by the Board from time to time and/or as may be required under applicable law, as and when amended from time to time.
For ESG:
(a) To recommend and advise the Board of Directors in relation to ESG matters:
i. Setting NGEL’s overarching strategy on alignment with national and global priorities.
ii. Developing, implementing, and monitoring initiatives and policies in line with evolving regulatory and stakeholder expectations.
iii. Overseeing internal and external communications with employees, investors, and other stakeholders of the Company.
iv. Monitor the ESG activities of the Company as per the approved budget and suggest measures for improvement in implementation.
v. Anticipating developments relating to and improving the Company’s understanding of ESG & related Matters.
(b) To review and recommend the Business Responsibility and Sustainability Report or other reports as required by SEBI or other authorities to the Board for approval.
|
S. No. |
Name |
DIN |
Category |
Designation |
|---|---|---|---|---|
|
1. |
Mr. Jaikumar Srinivasan |
01220828 |
Executive Director |
Chairman |
|
2. |
Mr. K S Sundaram |
10347322 |
Executive Director |
Member |
|
3. |
Mr. Deepak Babu |
11100474 |
Independent Director |
Member |
