Corporate Social Responsibility

Sustainable development is fundamental to our business.

It is the Company's intent to make a positive difference to society. We will work towards doing projects with greater impact and focusing initiatives on communities in which the Company lives and operates.

CSR Policy: Project Selection Criteria

  • SCOPEIs the project proposal within the scope and does it comply with the legal requirements?
  • IMPACT, PEOPLEHow many individuals will we reach directly or indirectly?
  • IMPACT, ENVIRONMENTHow big an impact will the project have on our environment over the project life span and beyond?
  • STRATEGIC RELEVANCEDoes the project have a strategic significance to AAK?
  • CRITERIA
    • Neighbours
    • Value Chain Stakeholders
    • Purposes defined in Company Act
    • Supporting SDGs relevant to AAK
  • CRITERIA
    • Number of people directly or indirectly impacted by the project
    • Cost per individual
  • CRITERIA
    • Project dependant
    • Examples; Number of trees planted, CO2 emission reduction, reduction of water consumption, etc. & cost per same
  • CRITERIA
    • Can by nature be subjective;
    • Increased goodwill
    • Marketing Value
    • Synergy with other initiatives
  • SCOPEIs the project proposal within the scope and does it comply with the legal requirements?
  • CRITERIA
    • Neighbours
    • Value Chain Stakeholders
    • Purposes defined in Company Act
    • Supporting SDGs relevant to AAK
  • IMPACT, PEOPLEHow many individuals will we reach directly or indirectly?
  • CRITERIA
    • Number of people directly or indirectly impacted by the project
    • Cost per individual
  • IMPACT, EnvironmentHow big an impact will the project have on our environment over the project life span and beyond?
  • CRITERIA
    • Project dependant
    • Examples; Number of trees planted, CO2 emission reduction, reduction of water consumption, etc. & cost per same
  • STRATEGIC RELEVANCEDoes the project have a strategic significance to AAK?
  • CRITERIA
    • Can by nature be subjective;
    • Increased goodwill
    • Marketing Value
    • Synergy with other initiatives

Project Overview

Women Empowerment
Water Purification
School Building
Solar Street Lights
Scope
  • Target Group
  • AAK Relevant SDGs
  • Neighbours, Khopoli
  • 1. No poverty
  • 3. Good Health and Well-being
  • 8. Decent Work and Economic Growthi
  • Neighbours, Khopoli
  • 3. Good Health and Well-being
  • Neighbours, Khopoli
  • n.a.
  • Neighbours, Khopoli
  • 7. Affordable and Clean Energy
Impact, People
  • Number of people
  • ~ 500 direct beneficiaries
  • ~ 3,500 Villlage population
  • ~ 60 direct beneficiaries*
  • ~ 3,000; Village population
Impact, Environment
  • n.a.
  • n.a.
  • n.a.
  • Non-polluting power source *
Impact, Environment

For all 4 projects we will benefit from improved relations with local authorities, since they will regard us as a positive contributor to the local environment

We have a number of our own staff living in the included villages, and the sense of pride of being associated with AAK, and the positive image that they can bring to their surroundings is bound to improve AAKs image and standing with the local population.

Potential positive impacts also extend to ease of recruitment. We will increase our attractiveness by proving that AAK is a responsible company showing an honest interest in doing good and making a difference / making better happen also for it’s neighbours.

UNDP Goals
1
NO POVERTY
3
GOOD HEALTH AND WELL-BEING
8
DECENT WORK AND ECONOMIC GROWTH
3
GOOD HEALTH AND WELL-BEING
7
AFFORDABLE AND CLEAN ENERGY

CSR POLICY

(APPROVED BY THE BOARD OF DIRECTORS ON 11.03.2022)

Implement Social investments / CSR programs primarily in the economic vicinity of our Company’s operations with a view to ensuring the long term sustainability of such interventions.

It is the Company’s intent to conduct CSR programs as given in the schedule VII of the Company’s Act 2013.

Activities undertaken by AAK India as CSR for the Financial year 2021-22:
Women Empowerment
  • 01. This Program has empowered mothers of children afflicted with cancer - through education and skills development.
  • 02. Sessions are held with parents/ relatives of the children, on financial and stress management.
  • 03. The project focuses on skill development for a target group up to 500 women over a period.
  • 04. Ojus Medical Institute (NGO) will implement.
  • 05. The classes are conducted at two skill centres, both located within 10 km of our factory.
  • 06. Both centres are equipped for tailoring and beautician classes.
  • 07. The duration of each course is upto 6months.
  • 08. Participants will be eligible for examination based on minimum 80% attendance and a government recognised certification will be provided on passing of examination.
Water Purification
  • 01. Village household are connected to pipeline water, but there is no water purification/filtration, so the water is not really fit for drinking, resulting in high incidence rates of water borne diseases.
  • 02. Project proposes to install a 1000 ltr/hour capacity Reverse Osmosis plant at a central location in the village.
  • 03. Household can collect their drinking water needs at the RO plant, while using their pipe water for cleaning and hygiene purposes.
  • 04. The plant will be constructed in a proper room with adequate drainage.
  • 05. Once constructed ownership, maintenance and running cost obligations will be with the local authorities.
  • 06. The AAK project team will continue to monitor that proper maintenance will be carried out.
  • 07. Further support and other support projects for the village will be dependent on maintenance being carried out as agreed.
Solar Street Lights
  • 01. Located some 20 kilometres from our factory the small town is connected by a main road with no street lights.
  • 02. Project proposes to installing 35 street lights covering the final stretch into town.
  • 03. Every month 5-10 accidents take place during the dark hours on the final stretch leading into the town
  • 04. Installing street lights have proven to reduce traffic accidents as well as reducing incidences of violence
  • 05. Once constructed ownership and maintenance obligations will be with the local authorities.
  • 06. The AAK project team will continue to monitor that proper maintenance will be carried out.
Ventilator Distribution
  • 01. To combat the situation, we undertook this initiative to donated ventilators to the Children’s ward of the Alibag Civil Hospital.”
  • 02. This initiative was also under the umbrella of Pragati (AAK India CSR Initiative)
Donating ambulance to group gram panchayat, Honad for patient transfer.
  • This will provide ease of access to health services to villagers in the neighbourhood of our factory.
Donating waste collection van to group gram panchayat, Honad for promotion of sanitation.
  • This will help in promoting sanitation in the villages about our factory.
School Building
  • 01. Current structure is practically derelict, and parents are hesitant to send their children because of the state of the building, where especially the old asbestos roof is cause for concern
  • 02. The current foundation is sitting lower than surrounding buildings and the building is suffering from water damage/flooding.
  • 03. Project will demolish existing structure, lift the foundation to avoid flooding, and construct a 2 storey, 4 class room building.