Corporate Social Responsibility Policy of International Travel House Limited

 

Philosophy

The travel and tourism industry comprises diverse and interdependent sectors which together represent 9% of global GDP and employment worldwide. In line with the unprecedented growth in this industry, International Travel House Limited ('ITHL') recognises the importance of societal resources in attaining sustainable development. The Company's effort to procure “Green” hybrid cars for its rental fleet reflects its prime focus towards the need for conservation of energy and reduction in pollution.

Corporate Social Responsibility Policy

The Corporate Social Responsibility (CSR) Policy intends to provide the liberty to the Company to consider and undertake activities as provided in Schedule VII to the Companies Act, 2013 which inter-alia includes eradication of poverty, environmental sustainability, empowerment of women, enhancing vocational skills, protection of national heritage, promoting education, conservation of natural resources, enhancing vocational skills, contribution to PM's National Relief Fund, rural development projects and similar activities.

Keeping in view the industry in which the Company operates and the nationwide spread of Company's offices, the Company's policy on CSR focuses on environmental sustainability, empowerment of women, enhancing vocational skills among youth, protection of national heritage, contribution to the Swachh Bharat Kosh, Clean Ganga Fund, Prime Minister's National Relief Fund in order to promote sanitation, rejuvenation of river Ganga and nation building.

Implementation

The Company's CSR Programmes shall be implemented in the manner recommended by the Corporate Social Responsibility Committee of the Company, subject to the approval of the Board. The Committee shall consider the following points while recommending the CSR program / project / contribution, to the Board:

- Efficient and effective utilisation of the amount of corpus set aside for Corporate Social Responsibility in the manner that it yields maximum benefits to the society.

- Consider the interest of the nation and public at large for the implementation of the CSR Plan.

- Preference shall be given to areas around the Company's branches, offices etc.

Governance

  1. The CSR Committee will place annually for the Board's approval, a CSR Plan / activity to be carried out during the financial year and specify the budgets thereof. The Board will consider and approve the CSR Plan with any modification that may be deemed necessary.

  2. The CSR Committee shall assign such CSR Plan as approved by the Board of the Company, to the Corporate Management Committee (CMC) for its execution.

  3. The CMC may further assign the task of implementation of the CSR Plan within specified budgets and timeframes to such persons or implementing agencies as it may deem fit.

  4. The persons / implementing agencies to which the implementation is assigned will carry out such CSR Programmes as determined by the CMC within the specified budgets and timeframes and report back to the CMC on the progress thereon at such frequency as the CMC may direct.

  5. The CMC shall review the implementation of the CSR Programmes once in every half year and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy and provide a status update to the CSR Committee on the progress of implementation of the approved CSR Programmes carried out during the said six month period.

  6. It shall be the responsibility of the CSR Committee to review such reports and keep the Board apprised of the status of implementation of the same.

  7. At the end of every financial year, the CSR Committee will submit its report to the Board which shall form part of the Board’s Report of the Company.

CSR Expenditure

CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programmes undertaken in accordance with the approved CSR Plan. Moreover, any surplus arising from any CSR Programmes shall be redeployed for CSR. Accordingly, any income arising from CSR Programmes will be netted off from the CSR expenditure and such net amount will be reported as CSR expenditure.

Plane
Plane
Our Journey at a Glance
19
Cities
39
Offices
1200
Employees
3000+
Clients
1mn+
Transactions
 
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