SNC always believes responsibility for the society goes beyond business success thereby follows the motto of “Giving back to the society”. Kindness and compassion have always been part of our Indian tradition which continues at SNC. Corporate social responsibility is carved in the organisational DNA. In line with this philosophy,

SNC has initiated various CSR activities by providing emergency response services, housing for underprivileged people, education, health and hygiene, community-based programs and empowerment.

An extract of Hithopadesha articulates “Knowledge leads to Happiness”. We at SNC always acknowledge the Importance of education and endorse through our various initiatives.

• Mid day meals scheme were introduced by Government for increasing enrollment of school children and increase nutritional health. SNC supported this initiative by providing State-of-art meal delivery vehicle and Cooking vessels for The Akshaya Patra Foundation
• Students in rural areas of Coastal Karnataka face an strenuous task of accessing schools as they will be situated in remote areas. Our philosophy believes in making education easily accessible. SNC has provided ‘Akshara Ratha’ School bus to Government School, Belur Village in Kundapura taluk of Udupi district
• SNC has facilitated in improving Civil Infrastructure of Charmakki Narayana Shetty Memorial Government school at Ardi village and Government school at Shankaranarayana village in Kundapura taluk of Udupi district.

We at SNC strongly believe in “Healthcare for All”. Rural inhabitants in India are deprived of Emergency Medical responses. To improve the accessibility of Emergency Health Care, SNC has contributed Ambulance to Avarse village in Kundapura taluk of Udupi district.

• SNC is constructing numerous aesthetically designed architectural Bus stops in rural villages areas in Karnataka to facilitate the commuting of locals in the region
• SNC has constructed and bestowed State-of-art Charmakki Narayana Shetty bus stand comprising of all facility including community library at Shankaranarayana village to facilitate commuting of locals in the region.
• SNC has proposed to set up a vocational training centre in Shankaranarayana, Kota, Udupi district for guiding rural youth for employment.
• Under “ASARE” scheme of SNC – “Charmakki Narayana Shetty Badavane” was constructed consisting of 125 Houses for Flood affected Families and Villages at Shakara Village Haveri District in North Karnataka.
• SNC has set up “Charmakki Narayana Shetty Memorial Lions Eye Hospital” in Kota, Udupi District, Karnataka for providing free eye treatment for weaker sections of society.

Every company having

• net worth of rupees five hundred crore or more, or
• turnover of rupees one thousand crore or more or
• a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of the Board.
• The Committee shall consist of three or more directors, out of which at least one director shall be an independent director.

• To Formulate Policy of CSR
• To recommend the amount of expenditure to be incurred on the activities specified under schedule VII
• To Monitor the Corporate Social Responsibility Policy of the company
• To Place the Board Approved Policy on the company’s website, if any,
• To ensure that the Company spends, in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy

The Corporate Social Responsibility Committee of the Company was constituted by the board of directors in its meeting held on 26th April 2014 in pursuant to Section 135(1) of the companies Act, 2013 read with Rule 5 of the Companies Corporate Social Responsibility) Rules, 2014.

The Company has constituted Corporate Social Responsibility Committee (“the Committee”) comprising of following three Directors:

Board of Directors of the Company may re-constitute the Committee, as and when required to do so, by following the sections, sub-sections, rules, regulations, notifications issued or to be issued, from time to time, by the Ministry of Corporate Affairs or the Central Government of India. The Committee shall exercise powers and perform the functions assigned to it by the Board of Directors of the Company pursuant to section 135 of the Companies Act, 2013 and CSR Rules notified with regard thereto.

The Company has always believed that establishing a strong and ethical foundation, is a necessary prerequisite for maintaining long-term Corporate Sustainable Growth. It draws its strength from its core commitments, which is based on following Five Commandments:-

Emotion – It is a key that generates the required energy and enthusiasm for performing genuine duties towards the loved ones.

Responsibility – With great power comes the great responsibility, to serve the society.

Ethics – To maintain transparency and remain accountable for our own acts. Not to indulge in abusive, unfair, corrupt or anti- competitive business practices.

Respect – To honour the three Rs, Rights, Rules and Regulations of Employees, Workers and Government.

Development – To focus on economic as well as social developmental activities targeting the disadvantaged sections of the society. For us, Corporate Social Responsibility comes first

The term “Corporate Social Responsibility (CSR)” can be referred as corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare. The term generally applies to companies efforts that go beyond what may be required by regulators or environmental protection groups.

Corporate social responsibility may also be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

We take initiative to contribute towards harmonious and sustainable development of society and the environment through all our business activities that we carry out in each State and Region, based on our Five Commandments. In order to contribute to Corporate Sustainable Development, we believe that business must go hand in hand with a sense of responsibility towards all our stakeholders. The objective of this policy is to contribute in improvement and enhancement of the quality of life of communities in which the company operates thereby helping to create an equitable society.

We consider ourselves being socially and morally committed to being a Responsible Corporate Entity. Besides, the Company’s employees also actively embrace and participate in the Company’s community initiatives to accelerate inclusive growth and strengthen environment protection, in order to attain the Corporate Sustainable Development.

Respect the interests of, and be responsive towards all stakeholders, including shareholders, employees, customers, suppliers, project affected people and society at large etc.

Develop mechanism to actively engage with all stakeholders, inform them of inherent risks and mitigate them where they occur.

Provide a workplace environment that is safe, hygienic and humane and which upholds the dignity of employees.

Provide and maintain equality of opportunities to all employees with access to training and development of necessary skills for career advancement, on an equal and non-discriminatory basis.

To have an effective grievance redressal system.

To prevent employment of child or forced labour.

To undertake activities to fulfil corporate social responsibility. This may include (but not limited to) the following: 

To undertake the activities for economic and social development of communities and geographical areas, particularly in the vicinity of the operations. 

Promoting preventive health care and sanitation. 

Promoting education. 

Setting up homes and hostels for women, orphans and old age. 

Measures for reducing inequalities faced by socially and economically backward groups. 

Protection of national heritage, art and culture. 

Measures for the benefit of armed forces veterans, war widows and their dependents. 

Disaster Relief and Management. 

Rural development projects. 

Ensuring environmental sustainability.

Measures to check and prevent pollution.

Recycle, manage and reduce waste.

Manage natural resources in a sustainable manner.

Manage natural resources in a sustainable manner.

Ensure optimal use of resources.

Proactively respond to the challenges of climate change by adopting cleaner production methods.

Promoting efficient use of energy and environment friendly technologies.

And such other activities as specified under SCHEDULE VII of the Companies Act, 2013.

The Committee shall decide which activity/project should be given priority for the respective financial year. While arriving at the decision of the activity to be undertaken for the respective year, the Committee shall analyse the basic need of the community/ area in which the Company operates or at the place where its registered office is situated. The Committee shall record its findings and prioritised the CSR activities.

After prioritizing the activity the Committee shall finalise the detail implementation project/programme, including planning for expenses against the total budget allocated for CSR activities. 

 The Board of Directors shall constantly monitor the implementation of the CSR activities. The CSR committee shall place a progress report, including details of expenses, before the Board on quarterly basis. The Board shall review the same and suggest recommendation, if any, to the committee with regard to implementation process. 

The Committee is responsible to undertake CSR activities as per the approved CSR Policy. Apart from reporting from time to time to the Board about the implementation of CSR activity, a detail report containing the implementation schedule, total budget allocated, actual expenses incur, surplus arising, if any, result achieved, further work to do in the concern CSR activity, Recommendation for the CSR activities for next year etc. should be placed before the Board for its consideration. Any surplus arising out of the fund allocated for CSR activity shall not be the part of the business profit of the Company. 

Note: The CSR policy of the Company was approved by the board in its meeting held on 11th April 2019 based on the recommendation of the CSR Committee. This Policy is effective from 11th April 2019.