SRMT is striving to build an effective governance setup.
Giving back to society is in the ethos and belief system of SRM Technologies (SRMT). Our CSR initiatives are based on the belief that social responsibility is much more than the incurrence of cost or resource or a charitable /philanthropic act of social benefit.
CSR Vision Statement
- Enable the less privileged section of the society, especially children, to lead a better life
- Helping people live better lives
The key purpose of this CSR policy is to:
- Define what CSR means to us and the suggested approach to achieve our goal of helping people live better lives
- Define the kind of projects that SRMT wishes to undertake as part of its CSR initiatives and its execution modalities.
- Identify broad areas of intervention in which the company will undertake projects
- Laydown the implementation, monitoring and reporting framework.
Title and Applicability
The Policy lays down the principles and mechanisms for undertaking various programs in accordance with Section 135 of the Companies Act,2013 (hereinafter referred to as “the Act”) on CSR and in accordance with the CSR rules (hereinafter referred to as “the Rules”) notified by the Ministry of Corporate Affairs, GOI on 27th February 2014 as amended from time to time and circulars and notifications issued thereunder. The Policy shall apply to all the CSR programs and activities undertaken by SRMT directly or through any other registered trust/society/section 8 company at various locations in India as per Schedule VII of the Act for the betterment of Indian community.
Key focus areas of CSR Initiatives at SRMT (CSR Projects)
In accordance with the requirement of Companies Act, 2013, SRMT activities, amongst other, will focus on:
|Schedule VII activity
(through tie-ups with any registered trust/foundation/society/non-profitorganizationincludingHospitals across India)
|Response to Humanitarian Disaster
||SRMT will extend its helping hand to aid communities facing natural disasters through multifarious ways as may be required under the circumstances.
|Social business projects
||SRMT through its FMSE – Chennai (Forum for Micro & Small Enterprises) Unit, encourages and motivates small businesses on entrepreneurship & training.
|Promotion of education
||SRMT through its ‘Village Education’ focusses on teaching students for free during evening sessions.
The CSR Working Committee, with approval of CEO, reserves the right to change, insert, amend or withdraw any activities of the policy any time during the year in accordance with Schedule VII of the Act.
- The mode of implementation of CSR programs will include a combination of direct and indirect implementation working with partners such as Governments and Government bodies, Government schools and college, training institutes, NGOs, business partners, registered societies etc. SRMT will select its activity partners after appropriate due diligence.
- SRMT may use the services of internal teams, expert agencies, consultancy firms etc., wherever required for carrying out base line surveys, guidance on project design and implementation, due diligence of implementation partners, impact assessment surveys etc.
- SRMT will encourage employees and independent SRMT distributors/suppliers for volunteering in community service.
The Company either directly or through a registered society/trust/section 8 company will undertake CSR activities as per the provision of Companies Act, 2013. The Company has a CSR Working Committee in place to implement CSR activities of the Company.
Registered NGOs can assist the CSR Committee in identifying the new CSR areas, CSR activities, programs and execution of initiatives. Registered NGOs can also assist the Board and the Committee in reporting the progress of deployed initiatives and in making appropriate disclosures on the periodic basis.
Monitoring and Reporting Framework
SRMT will institute a monitoring and evaluation mechanism to ensure that each CSR program has:
- Defined objectives developed out of the societal needs
- Defined targets, time lines and measureable parameters, wherever possible
The Committee will periodically monitor the CSR spend programs and activities undertaken. Monitoring activities may include monthly field visits, comprehensive documentation, periodic reports from implementing agencies and regular interaction with beneficiary communities.
In accordance with the Act, a specific budget is allocated for CSR initiatives. This budget is project driven and may be allocated by the CEO and the CSR working committee based on the prioritization and impact assessment of the focus areas.
The company’s engagement in this domain is disseminated on its website, newsletters, and through the media.
||Mr. JayakumarManagement Representative, Social Sustainability
||Head – Operations
||Mr. Ashok Murali
Management Representative, Business Conduct & Compliance||PMO
Management Representative, Environmental Sustainability
||Manager – Quality
||Head – Quality
||Mr. Sathiah Sankar
||Sr. Manager HR
||Asst. Manager Admin
||Mr. Altrin Jenix Prabhu
||Ms. Kavitha K
||Mr. Ajmal khan
||Mr. Mahaganesh C N
||Senior System Analyst
||Ms. Sivagami K
Supplier Code of Conduct Policy
SRM Technologies work in a very complex legal environment. But our principle is clear in this area: We will obey the law — everywhere. This principle also extends to all SRM Technologies suppliers. We require our suppliers to comply with the laws of their countries and with all other applicable laws, rules and regulations. We encourage suppliers to go beyond legal compliance by committing to meet relevant international standards and to commit to continuous improvement.
SRM Technologies Suppliers agrees to safeguard the human rights of its employees and to treat them with dignity and respect. This refers to all employees including part-time and migrant workers, temporary workers, full-time employees and any other form of manpower.
No Child Labors
The employment of children is prohibited. Employees under 18 years of age shall not perform work that could endanger their health or safety.
The weekly hours of work shall not exceed the respective statutory maximum. The weekly hours of work including overtime shall in any event not exceed 60 hours. Emergencies and extraordinary circumstances constitute an exception. Employees shall be entitled to at least one day off per calendar week.
Wages and Employee Benefits
Alongside economic circumstances, the requirements for business development and productivity, the remuneration paid to employees (employees and their family members) shall accord with all applicable national laws on remuneration, which includes laws on the minimum wage, overtime and statutory welfare benefits.
Employees shall not be subjected to disproportionate stringency or treated in an inhumane manner. This includes sexual harassment, sexual abuse, physical reprimand and physical and mental abuse. It also applies to the threat of such treatment.
Health and Safety
SRM Technologies suppliers acknowledges that a safe and healthy work environment contributes to improvement in the quality of goods and services and to motivation of the workforce.
Health and Safety at the Workplace
SRM Technologies suppliers shall ensure that it has organization systems, processes and/ or measures in place in order to comply with national health and safety legislation. SRM Technologies suppliers shall identify, assess and take measures to eliminate potential safety risks. The employees shall be informed of potential safety risks and instructed on proper, safe behavior and the corresponding safety measures to be implemented. Should such measures not afford adequate hazard management, the employees shall be provided with suitable personal protective equipment.
Potential emergency situations and events shall be identified and evaluated. Their impact shall be minimized by implementing emergency plans and reporting procedures.
Embedded Suppliers acknowledges that environmental responsibility is an integral part of product manufacture. Production processes shall be designed to prevent negative impacts on the environment and natural resources shall be conserved.
SRM Technologies Suppliers confirms that it has implemented systems, processes and/ or measures and has obtained the necessary approvals in order to comply with statutory national environmental regulations. The employees shall be instructed on how to mitigate environmental risks.
Chemicals and other materials, that pose a hazard to the environment if released, shall be identified and managed in such a way that ensures their safe handling, transport, storage, use and recycling or disposal.
SRM Technologies Suppliers and its representatives shall uphold high ethical standards in order to fulfil their social responsibilities and be regarded as successful in the market. The following principles shall apply:
Avoiding Conflicts of Interest
Decisions shall only be taken on the basis of objective, business-related considerations and not influenced by personal interests.
Protection of Confidential Information
Business secrets and personal information shall only be used to the extent to which they are necessary and permitted and they shall be protected appropriately
Disclosure of Information
Information on the company's business activities, structure, financial situation and performance shall be disclosed in accordance with the applicable provisions and usual business practices in the sector. The falsification of records and misrepresentation of conditions and practices in the supply chain are not acceptable
By signing this document, the Embedded 360 Suppliers agrees to act responsibly and to adhere to the stated principles.
We also confirm to ensure the adherence to these principles by our suppliers and service providers
||(2nd Signature - Optional)
|(Name in Block Letters)
||(Name in Block Letters)
|(Department / Designation)
||(Department / Designation)
Code of Conduct
Corruption, Extortion and Anti-Bribery Policy:
We discourage employees from accepting gifts from clients or partners. Corruption is the misuse of public power for private profit, or the misuse of entrusted power for private gain. SRMT condemns improper demands for payment from Employees or government officials, referred to in many parts as ``extortion``. We prohibit briberies for the benefit of any external or internal party. Bribery is the offer, promise, or payment of cash, gifts, or even excessive entertainment, or an inducement of any kind offered or given to a person in a position of trust to influence that person’s views or conduct or to obtain an improper advantage. Bribery and corruption can take many forms, including the provision or acceptance of:
- Cash payments;
- Phony jobs or “consulting” relationships;
- Political contributions;
- Charitable contributions;
- Social benefits; or
- Gifts, travel, hospitality, and reimbursement of expenses.
Respect for Human Rights Policy
SRMT believes that all persons have the fundamental right to be treated equal with personal dignity, respect, and fairness on any business decision regarding employment.
Non – Discrimination Policy
SRMT does not and will not discriminate any employee or job applicant, under any circumstances, because of race, color, religion, sex, national origin, age, physical or mental disability.
Our non-discrimination policy extends to hiring, placement, promotion, transfer, compensation, training opportunity and the administration of any personnel policy or condition of employment.
No forced or compulsory labor Policy
SRMT ensures that employees working in its facility are doing so voluntarily and does not engage in or support the use of forced labor.
The company shall not engage in or support the use of forced or compulsory labor as defined in ILO Convention 29. Neither the company nor any entity supplying labor to the company shall withhold any part of any personnel’s salary, benefits, property, or documents in order to force such personnel to continue working for the company.
Personnel shall have the right to leave the workplace premises after completing the standard workday, and be free to terminate their employment provided that they give reasonable notice to their employer. This is in compliance with Indian Bonded labor system (abolition) Act, 1976 and the contract labor (regulation and abolition) Act, 1970.
Neither the company nor any entity supplying labor to the company shall engage in or support trafficking in human beings.
All employees are informed of the terms of their employment i.e. job description, hours of work, over time details etc. and are not expected to work beyond these hours without their consent.
Employees are not required to work on any holiday or work overtime without their consent.
Designated person with specific responsibility to communicate, deploy, monitor and maintain the process and procedures aimed towards ensuring that forced labor is not used in the SRMT.
Employees in the recruitment & production function are trained on the requirements and other instruments relating to forced labor to ensure that violations do not take place at SRMT.
Periodic verification of the operation of processes and procedures aimed at ensuring that forced labor is not used in SRMT is carried out to monitor and ensure continued compliance.
No child labor Policy
SRMT does not employ Child Labor nor does it support the use of Child Labor.
The minimum age for recruitment for all levels of employees shall be 18 years and above.
It is ensured that any contract employees engaged through contractors and working in our factory shall also be above the minimum age.
At the time of employment, it is ensured that all employees are above or at least of minimum age. This is ensured by checking the age of all employees from age records as evidenced by birth certificates, school records, and certificate of age proof.
Periodic review of the performance of the process and procedures aimed at prohibiting child labor implemented in SRMT is carried during which the documents in support of age are also reviewed.
Health & Safety Policy
Ensure that all employees/personnel have a safe and healthy place to work and that the surrounding environment shall not be adversely affected by work activities.
Continual improvement in prevention of accidents, particularly those involving personal health or injury, through improvisation in process, where permissible, to avoid hardship and suffering.
Inculcate in all employees a sense of personal responsibility in preventing injury to themselves, their fellow workers and the public in general and to report to their immediate supervisor any hazard which they themselves cannot eliminate.
Comply with all statutory, regulatory & other applicable requirements related to occupational Health & safety.
Competition Law Compliance Policy
Employee shall not, directly or indirectly, for himself or herself, individually, jointly or as a partner, employee, agent or otherwise seek employment or to do business with any client of the Employer on whose accounts Employee worked at any time during employment, or any other client for which the Employer is performing services at the time of Employee’s termination of employment.
No human trafficking Policy
SRMT is committed to a work environment that is free from human trafficking and slavery, including forced labor and unlawful child labor. SRMT will not tolerate human trafficking or slavery in any part of our organization. This Policy applies to all personnel employed by or engaged to provide services to SRMT, including, but not limited to, SRMT employees, contract workers, contractors’ suppliers and partners. Every SRMT employee is responsible for reading, understanding and complying with this Policy.