Corporate Social Responsibility

At SRMT, Corporate Social Responsibility is an inherent component of its long term business strategy that shapes the value system supporting the company’s vision & mission. This business strategy also accounts for and is responsible for the decisions and choices made each day by its executives, managers, employees and business partners as they engage with the society at large. It’s a broader framework that covers how SRMT lives & practices its values through its behavior: in the products it manufactures, in the services it offers, in how it treats its employees, in how it ensures a sustainable work environment.

Social responsibility and sustainability is an integral part of the SRMT ethos since its inception, and was crafted to constructively and consistently give back to society and contribute to social well-being.

environment
society
governance

Environment

Management
Environmental Policy
Policy

Basic Principle on the Environment

SRMT recognizes co-existing with the global environment is an important management issue and is committed to realize sustainable growth of the society through the combined efforts of all members in all business operations.

Basic Policy on the Environment

Based on this principle, SRMT will lead society by carrying out environmental protection activities quickly and effectively with the consideration for climate change, biodiversity and finiteness of resources to hand over a healthier environment to future generations.

  • Promote activities to realize this policy by the organization with clearly defined responsibility and resources assured by Top Management.
  • Contribute to the society by creating and supplying eco-conscious products in the lifecycle perspective to the market.
  • Conduct eco-conscious production by assessing potential environmental impact from the product designing stage
  • Comply with national and local environmental laws, regulations and agreements with suppliers and customers, and also correspond to social needs.
  • Act proactively with the consideration for contributions to protect environment and conserve ecosystem through communication and interaction with local society.
  • Improve environmental performance continuously to achieve mid-long term targets and realize the environmental vision.
Protecting Nature and Biodiversity

In order to make its products, SRMT uses various metals and oxides as raw materials. These come from mineral ore and other sources mined all over the world. Mining for ore involves the risk of damage to the environment, including landscape damage, clearing of forests, changes in water sources, and possible effects on the ecosystems.

As a manufacturer of components, we cannot simply stop using raw materials, but we can try to mitigate adverse effects. We actively promote not only raw material resource savings by improving production efficiency, we also engage in activities aimed at protecting forest resources, water resources, and more.

All SRMT employees are aware of the impact on the environment from production activities. We consider the relationship between business operations and the environment and strive to protect a diverse global environment. SRMT expressly provides that employees are to consider contributions to ecosystems and take proactive action at all times.

Environmental Management System

EMS comprehensively address environmental issues that are becoming ever more complex and globalized. It goes beyond the approach focusing on single sites, allowing us to respond promptly and effectively while remaining aware of the big picture.

The production site of SRMT have applied ISO14001* certification and aimed at promoting SRMT Environment, Health and Safety.

SRMT invites suppliers to briefing seminars for business partners. Issues to be addressed will include reducing environmental impact at the procurement stage.

SRMT recognizes how important it is in management to assess environmental impact throughout the full lifecycle of products.

Through these seminars SRMT plans to emphasize to suppliers the importance of issues both societally and for business, and we will ask suppliers to take further environmental action and cooperate by making the necessary improvements.

Performance
  • Reduce CO2 Emissions from Production Activities
  • Reduce Water Usage
  • Use Resources Effectively
  • Reduce CO2 Emissions in Logistics
  • Reduce Risks of Chemical Use

Society

Response to Humanitarian Disaster

When natural disasters and humanitarian crises strike, communities are often devastated and left vulnerable, having little access to some of life's essentials, such as food, clean water, shelter, and basic services. While they must deal with the tragic loss of human life and property, they also have to face the uncertainty of seeing their livelihoods destroyed or severely affected.

SRMT is charged with mobilizing corporate and private contributions, and public sector grants, to support disaster preparedness and mitigation, emergency responses and to implement disaster rehabilitation and reconstruction programs.

disaster
disaster1
Social business projects

SRMT besides being a positive force to inspire youth. wishes to convey the fact that self-employment opportunities can also be made by individuals with a mind set to get trained.

In order to encourage Micro Enterprises all over the State of TamilNadu, “Suyathozhil manram” (Forum for Micro & Small Enterprises - FMSE) has been launched.

social_business
social_business1

The Forum will provide Training, mentoring along with guidance to avail bank loans for Micro and Small Enterprises. In addition to the Financial linkage assistance, the forum also aims at giving marketing assistance.

Benefits under FMSE:
  • Access to emerging Entrepreneurs all over Tamil Nadu.
  • Effective Networking with all stake holders like Bankers, Financial Institutions, Skill Development Institutes, Entrepreneurs etc…
  • Social Service Programmes through which Forum members can increase their reach and spread their Business.
  • Monthly Programmes involving Micro Enterprises, Financial Institutions & Training Institutions etc…
  • Free Special Entrepreneurship Directory to all Members.
Promotion of education

SRMT has been establishing Rural Tuition Centres under the Rural Education Development Scheme for the welfare of the school students of the rural areas. The aim of this scheme is to facilitate them to study in a peaceful environment and without any obstacles. We have appointed knowledgeable and experienced teachers in all our Centres to guide the students.

Unlike cities, we can see only a very few number of tuition Centres in the villages. SRMT runs 52 Rural Tuition Centres all over Tamil Nadu and Puducherry. This enables the children to get proper guidance and concentration in their studies.

promotion
promotion1
promotion2

Governance

SRMT is striving to build an effective governance setup.

CSR Policy
1
2
3
Preamble

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
Purpose

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 Broad Actions
(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.

Implementation
  • 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.
Governance Structure

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.

Budget

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.

Information dissemination

The company’s engagement in this domain is disseminated on its website, newsletters, and through the media.

Working Committee
S.No. Name Designation
1. Mr. Jayakumar
Management Representative, Social Sustainability
Head – Operations
2. Mr. Ashok Murali
Management Representative, Business Conduct & Compliance
PMO
3. Mr. Prakash
Management Representative, Environmental Sustainability
Manager – Quality
4. Mr. Ravichandran Head – Quality
5. Mr. Sathiah Sankar Sr. Manager HR
6. Mr. Vasanth Asst. Manager Admin
7. Mr. Altrin Jenix Prabhu Lead Engineer
8. Mr. Dharmaraj Production Engineer
9. Ms. Kavitha K Software Engineer
10. Mr. Ajmal khan Software Engineer
11. Mr. Mahaganesh C N Senior System Analyst
12. Ms. Sivagami K System Analyst
Supplier Code of Conduct Policy
Introduction

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.

Working Conditions

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.

Working Hours

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.

Humane Treatment

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.

Emergency Preparedness

Potential emergency situations and events shall be identified and evaluated. Their impact shall be minimized by implementing emergency plans and reporting procedures.

Environment

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.

Environmental Protection

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.

Hazardous Substances

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.

Business Ethics

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

Suppliers:

Company Stamp

Place    Date

(1st Signature)

(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;
  • Kickbacks;
  • 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.