CORPORATE SOCIAL RESPONSIBILITY POLICY

The Corporate Social Responsibility (“CSR”) initiative at Sony Pictures Networks India Private Limited (hereinafter referred to as the “Company”/ “SPN”) draws on our guiding principles that as a responsible organization, we will contribute to the greater common good of our community and society and help build a sustainable way of life for marginalized sections of society.

  1. Vision
  2. Our Vision is – ‘To be conscientious in all our actions and create positive change in the society we live in’.

    This statement gives a sense of purpose to all our endeavors.

  3. CSR Activities

    With this vision in mind, the Company will endeavor to carry out one or more of the following Corporate Social Responsibility activities (“CSR Activities”/ “CSR Projects”):

    • Eradicating hunger, poverty and malnutrition, promoting healthcare, including preventive healthcare and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water:

    • Promoting education, including special education and employment enhancing vocational skills especially among children, women and the differently abled and livelihood enhancement projects;

    • Promoting gender equality, 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;

    • Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for the rejuvenation of river Ganga;

    • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art, setting up public libraries, promotion and development of traditional arts and handicrafts;

    • Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows;

    • Training to promote rural sports, nationally recognized sports, Paralympic sports as well as Olympic sports;

    • Contributions to the Prime Minister's National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES 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;

      • (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and

      • (b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organization (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)

    • Rural development projects;

    • Slum area development;

    • disaster management, including relief, rehabilitation and reconstruction activities; and

  4. Such other activities as may be notified by the Central Government and approved by the CSR Committee.

  5. Modalities of Execution of CSR Activities

  6. Our CSR Activities will be carried out in one or more of following modalities:

    1. Company directly;

    2. Company through a registered public trust/ registered society/Section 8 company, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961) in India established independently by SPN or along with any other company in accordance with the Corporate Social Responsibility Rules, 2014 (the “Rules”) to the Companies Act, 2013 (the “Act”);

    3. Any entity established under an Act of Parliament or a State legislature;

    4. Companies specified above in b which have a proven track record of at least three (3) years in undertaking similar activities;

    The entities other than the Company as specified above in b, c, and d shall be hereinafter referred to as “Partner Organization”.

    The Company believes in being employee-driven in its approach and will encourage its employees to actively engage in CSR Activities voluntarily as part of their individual contribution to the community (“Volunteers”).

  7. CSR Committee

    • 4.1 In accordance with section 135 of the Act and the Rules, the Company has constituted a CSR Committee (“CSRC”) comprising of following directors:

      • (a) N. P. Singh and

      • (b) Ashok Nambissan

    • 4.2 The CSR Activities will be carried out under overall direction and supervision of CSRC;

    • 4.3 CSRC will formulate and recommend to the Board an annual action plan in pursuance of the Rules. Such action plan may be altered by the Board at any time during the financial year, as per the recommendation of the CSRC, based on the reasonable justification to that effect.

  8. Implementation and Monitoring

    • 5.1 All CSR Activities will be selected and implemented based on the 4 step process of:

      • Identification

      • Planning

      • Execution

      • Monitoring

    • If the Company decides the planning and/or implementation of CSR Activities in any financial year with collaboration of Partner Organizations as specified in aforesaid Section 3, then the Company will select its Partner Organizations in accordance with the guidelines as given in Annexure A to this policy. The planning and execution of the CSR Activities will be done in a time bound manner and in accordance with the Rules.

    • 5.2 The following administrative mechanism for implementation of CSR Activities has been designed:

      • A CSR head (“CSR Head”) will be appointed to spearhead the CSR Activities of the Company who will report to the CSRC through the CEO of the Company;

      • The CSR Head will select the appropriate organizations/entities as specified in Section 3 in accordance with criteria as stated in Annexure A;

      • Sufficient manpower and other resources will be made available to the CSR Head for carrying out the CSR Activities;

      • CSR Head will provide reports in the statutory format as required under the Act and the Rules and will also provide annual reports to the CEO on the actual spend against the budgeted spend;

      • In addition, the CSR Head will also be responsible for the following:

        • To monitor the implementation of CSR Activities on a regular basis;

        • To prescribe/provide timelines for execution of CSR Activities;

        • To examine that CSR Activities are in line with the CSR policy laid down by the Company;

        • Submitting periodic reports to the CSRC.

         

  9. Reporting and Reviewing Mechanism

  10. All projects will be assessed against their pre-defined goals, objectives and indicators of success.

    It is the responsibility of Partner Organization to prepare a quarterly and annual report as applicable, in the format as specified under Annexure-II of the Rules and submit to the Company.

    An annual report of the CSR Activities in the format as specified in Annexure-II of the Rules will also form part of the Report of the Board of Directors.

     

    Miscellaneous

  11. Information Dissemination

  12. All initiatives undertaken by the Company will be transparent and shall be shared with its various stakeholders.

  13. Surplus from CSR Activities

  14. Any surplus arising out of the CSR Activities shall not form part of the business profit of the Company and will be used only for similar CSR Activities/ CSR Project or shall be transferred to the Unspent CSR Account or transfer to a Fund specified in the Rules.

  15. Management Commitment

  16. The Management of the Company is committed to being socially responsible and bringing a positive change in the community in which we operate.

ANNEXURE

Annexure A

Framework for selecting Partner Organizations

A seven-point selection criterion is to be used for selecting a Partner Organization.

  1. Work of the Organization

    Before delving into detailed project planning with a prospective partner, SPN must conduct proper research on the domain that it operates in. This primary research must include:

    • Year and History of establishment

    • Domains of work

    • Beneficiaries

    • Past and current projects

    • Geographic Reach

    • Members of governing body and its head

    • Flow of finances

  2. Registration details

    1. The Partner Organization should be legally registered under or as one of the following:

      • Societies Registration Act of 1860;

      • Public Trusts registered under the Indian Trust Act 1882;

      • Licensed company under Section 25 of the Companies Act 1956 or Section 8 of the Companies Act, 2013.

    2. Partner Organization specified above in A should be:

      • registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961);

      • registered with the Ministry of Corporate Affairs by filling Form CSR-1 and should have obtained a registration number;

      • have a proven track record of at least three (3) years in undertaking similar activities.

     

  3. Infrastructure

  4. The basic infrastructure of the Partner Organization should be in place and in a functional condition. This includes offices and centres (owned or rented), office equipment, etc. This check is fundamental to ensure that there is more to the Partner Organization than just a website. This necessitates a visit by SPN CSR Head and/or Volunteers to the premises of the concerned Partner Organization.

  5. Stable Organizational Structure

  6. To ensure better accountability, the organization should have a clearly defined staff structure including number, names, roles and responsibilities of the staff etc. involved in the project, Partner Organization's capacities, staff experience and expertise in the context of the proposed project and otherwise, geographical area covered by the organization, other projects undertaken by the Partner Organization.

  7. Other Supporters

  8. The Partner Organization must furnish information about its promoters and other stakeholders.

  9. Credibility of the Partner Organization

  10. The credibility of the Partner Organization must be gauged on the basis of its prior experience in the proposed domain of work. SPN must look at the track record of the organization and the impact it has hitherto created. A robust financial management system with transparent and regular updation is an important factor. SPN will not associate with any organization which:

    • Has pending legal disputes and or enquiries in connection with offences like cheating, misappropriation of funds, exploitation of beneficiaries, etc.

    • Is blacklisted by any government agency.

    A self-declaration w.r.t. (i) & (ii) is required to be submitted by the Partner Organization with other necessary documents at the time of finalising the project.

  11. Fit with SPN

  12. An important criterion for the selection of a Partner Organization is how well it fits with SPN’s CSR philosophy.

Sd/-

(Chairman – CSR Committee)

Sd/-

(Director)

Projects approved for

Financial Year 2021-22

Sr. No.

CSR Projects/ Programs*

Manner of Execution

     

1.

COVID -19 Response:

Provision of medical supplies to hospitals to tackle COVID-19 cases

Reference Sr. No. of Schedule VII is xii

Through implementing agency – External

2.

COVID -19 Response:

Support to domiciliiary care system to manage COVID-19 cases

Reference Sr. No. of Schedule VII is xii

Through implementing agency – External

3.

Empowerment:

Develop Wearable Assistive and Rehabilitation Devices for the differently abled

Reference Sr. No. of Schedule VII is ix(b)

Through implementing agency – External

4.

To be allocated towards relief from COVID-19, Education, Environment and Empowerment during the course of the year.

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*CSR Projects/ Programs may be altered by the Board of Directors of the Company at any time during the financial year, as per the recommendation of the CSRC, based on the reasonable justification to that effect.

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