CSR Policy CSR Policy
COLORBAR COSMETICS PRIVATE LIMITED
Corporate Social Responsibility is COLORBAR’s commitment to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical. Stakeholders include employees, investors, shareholders, customers, Government and nongovernment organizations, local communities and society at large.
Corporate Social Responsibility is essentially a way of conducting business responsibly and COLORBAR shall endeavour to conduct their business operations and activities in a socially responsible and sustainable manner at all times.
The CSR Policy addresses social, economic and environmental concerns and the selection of specific activities shall focus on the social, economic and environmental impact thereof. Activities which are ad hoc and philanthropic in nature shall not be considered. COLORBAR will strive to contribute to inclusive growth and sustainable development by taking up activities in line with relevant provisions of Companies Act as stated above and schedule VII of the Act read together with clarification of MCA vide its circular no. 21/2014 dated 18/06/2014.
All activities which are selected under CSR agenda for external stakeholders will be, as far as possible, implemented in project mode, and within the allocated budgets. It also involves assigning clear responsibility and accountability of the designated officials/ agencies that are entrusted with the task of implementation. Till the projects are identified, the company may undertake activities through a registered trust/society/section 8 company having established track record of at least three years in undertaking permissible CSR activities.