Education & Skill Development
Education, skill development and livelihood enhancement projects that support learning and opportunity.
Responsible business · Sustainable development
Corporate Social
Responsibility
Our commitment to operating responsibly, supporting communities and contributing to economic, social and environmental well-being.
Our commitment
Growth that creates a positive impact
Spark Technologies Private Limited has developed a Corporate Social Responsibility (CSR) Policy to guide programmes in alignment with the Companies Act, 2013 and the company’s objective, principles and values.
Our policy recognises our responsibility as a socially and environmentally responsible corporate citizen. It aims to make CSR a key business process for sustainable development while considering the interests of stakeholders.
Where we focus
Our CSR focus areas
The policy identifies the following thrust areas for CSR initiatives.
Employment & Economic Empowerment
Initiatives focused on employment and strengthening economic empowerment.
Gender Equality & Women’s Empowerment
Promoting gender equality and empowering women.
Healthcare & Well-being
Supporting healthcare and well-being as part of a more resilient society.
Environmental Sustainability
Encouraging environmental sustainability and responsible resource use.
Other Eligible Activities
Other activities covered under Schedule VII of the Companies Act, 2013.
Accountability
How CSR is governed
The policy sets out responsibility, planning, budget oversight and monitoring for CSR activities.
01 · EXECUTION
Board oversight
The Board of Directors is responsible for executing the plan for CSR activities. The policy states that a separate statutory CSR Committee is not required for the company.
02 · ANNUAL PLANNING
Planned programmes
The annual action plan covers approved projects, execution methods, fund utilisation, implementation schedules, monitoring and reporting, and impact assessment where applicable.
03 · BUDGET & MONITORING
Responsible utilisation
CSR spending is to follow applicable provisions of the Companies Act, 2013. The Whole-time Director/Managing Director monitors fund utilisation and certifies it.
Policy principles
Our policy in practice
The CSR Policy also addresses the following operational principles.
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Promote economically, socially and environmentally sustainable business practices.
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Allocate CSR budgets to activities aligned with policy objectives and applicable law.
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Monitor project implementation, fund utilisation and reporting.
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Ensure CSR-created or acquired capital assets are held for the benefit of project beneficiaries or an eligible public body, as described in the policy.
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Transfer any unspent CSR amount, where applicable, in accordance with applicable CSR Rules.
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Review and amend policy provisions when required, subject to the policy and applicable guidance.
Read the complete CSR Policy
View the company’s policy document for the full wording and provisions.