Corporate Social Responsibility (CSR) is the integration of socially beneficial programs and practices into our business model and culture and it is the continuing commitment to behave ethically and to contribute to nation’s economic development. Through this, we aim at improving the quality of life of the workforce and their families as well as of the local communities and society at large to produce an overall positive impact on society.
Cochin Shipyard Ltd., in consonance with its Corporate Vision looks forward to continue in the best tradition of being a responsible Corporate Citizen recognised for the quality of its products and services and respected for its ethical way of conducting business. In this, it endeavours to follow the path of shared inclusive growth, thereby distributing the fruits of its prosperity towards improved quality of life of the society and contributing to environment and Nature for sustainable development.
CSL’s contribution towards Corporate Social Responsibility till date include interventions in healthcare both primary and secondary including in tribal areas, organising free medical camps/supporting charitable dispensaries, interventions in support of the Government of India’s Clean India Mission (Swachh Bharat), Education infrastructure creation, improving quality of education, scholarships, creating facilities for education of underprivileged and challenged children, women, geriatric and support to terminally ill patients, providing aid during disasters/natural calamities, providing employment to handicapped and Ex-serviceman, rainwater harvesting, plantation of trees, green energy and conservation of natural resources through environmental management.
Globally, the business scenario has been undergoing an unprecedented change leading to evolution of innovative strategies. Organisations are increasingly realising that their operations have a large impact on not only stakeholders like employees, shareholders, suppliers, customers but also on members of public sphere, communities and environment. It is considered to be the moral responsibility for an organisation to take care of the surroundings and people whose lives are being impacted by its operations.
Every business enterprise must take responsibility and be accountable for the social and environmental effects it has in its surroundings. Through this the concept of Corporate Social Responsibility (CSR) emerged, paving a way for businesses to return back to the society from the profits it earns. Such initiatives on the part of a company to improve livelihood of people and preserving environment at surroundings of its operations also go a long way in gathering acceptance from local communities.
Economic growth is possible only through consumption of inputs available in the environment and society. The harnessing of natural resources has a direct impact on the economy, the environment and society at large. Corporate Social Responsibility (CSR) is a concept whereby organizations serve the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. CSR has come to be accepted as an effective vehicle to reach the economic benefits of the corporate to its various stake holders in a more focused, tangible and measurable manner than before. It is no more an extended arm of charity of the corporate but an integral management function.
Cochin Shipyard Limited, incorporated in the year 1971 as a fully owned Government of India Company has been in the forefront in the Social Welfare and philanthropic activities, much before the CSR concept came into being.Cochin Shipyard formed a CSR Cell way back in 2010 and started earmarking funds and spending as part of its CSR activities.
CSL is committed towards holistic welfare of the society by undertaking CSR activities within the ambit of Schedule-VII of the Companies Act, 2013, as amended from time to time. The thrust areas for CSR activities will be:
1. Inclusivity: Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;
2. Education: Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement project;
3. Responsibility: Promoting gender quality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
4. Environment: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conversation of natural resources and maintaining quality of soil, air and water;
5. Heritage: Protection of natural heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up of public libraries; promotion and development of traditional arts and handicrafts;
6. Support to Armed forces veterans: Measures for the benefit of armed forces veterans, war widows and their dependents;
7. Sports: Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports;
8. Relief Funds: Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for Socio-Economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, Minorities and women;
9. Technology incubators: Contribution or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
10. Rural Development: Rural development projects.
The organization structure for selection, review and approval of Project proposals follows a 3-tier structure of committees, in addition to a dedicated CSR cell consisting of CSR professionals.
Details of committees are mentioned below:
Details of Company Projects:
Cochin Shipyard Limited conferred the NIPM Best Corporate Citizen Award - 2019 on recognition of its CSR initiatives in Healthcare. The CSR Team of Cochin Shipyard Limited received the award from the District Collector Shri. S Suhas IAS.
Cochin Shipyard Limited conferred the "CSR excellence awards 2019" on recognition of its CSR initiatives in the following categories:
Rotary International is introduced this awards in order to recognize and applaud the Corporates in this part of the world who are indulging in CSR initiatives. The awards are presented by the Global Trustee of Rotary Foundation, Gary Huang (past President of Rotary International) in a function held on 3rd September 2019 at Le Meridien Convention Centre, Kochi
Cochin Shipyard won the KMA CSR Excellence Award 2019 in its CSR initiative-‘Health & Hygiene’ segment. The CSR Team of Cochin Shipyard Limited received the award from the Jury during the function held on 03 July 2019
Cochin Shipyard won the KMA CSR award in two segments of CSR; promoting Health & Hygiene and Education.Shri M D Varghese, Head CSR received the award from the Jury during the inaugural ceremony held on 6 July 2018.
Cochin Shipyard won the KMA Corporate Excellence Award for Best CSR Activities.The award was received by Shri M D Varghese, General Manager (A&IR) and in charge or CSR Cell.
Cochin Shipyard Limited bagged the BT-CSR Excellence Award for 'Rural Development'.Madhu S Nair, CMD, Cochin Shipyard Limited, was honoured with the CSR-Oriented Chairman/CMD/MD of the Year (PSU) Award.
1.BT-13: BT-CSR Excellence Award for Rural Development
2.BT-34: BT-CSR Excellence Award for Best Performing PSE CSR Head
The first category award (Rural Development) is based on the CSL CSR project, -Supply of Safe Drinking Water for the Ambadimala Settlement Colony of Chottanikkara Grama Panchayat” and the second category award is to Sri. M.D.Varghese, General Manager (IR) for his outstanding contribution as CSR Head. The Chairman of the Award Committee, Shri Bhaskar Chatterjee IAS (Rtd), who is considered to be the father of focused CSR Movement in the Country, congratulated the top management and the CSR team for the company’s extraordinary CSR initiatives and winning both the awards. The awards were given away by the Hon Union Minister for Heavy Industries, Shri Anant Geete in a grand gala award ceremony in New Delhi on July 14, 2016.