The Ministry of Ports, Shipping, and Waterways (MoPSW) on June 08, 2023, issued the Guidelines on Corporate Social Responsibility for Major Port Authorities, 2023
The following has been stated namely: -
• The Corporate Social Responsibility guidelines aim to operate in an economically, socially, and environmentally sustainable manner while recognizing the interests of its stakeholders and society at large. This commitment is beyond mandatory requirements and is closely linked with the sustainable development of its periphery.
• These Guidelines are applicable to the following namely: -
i) Projects or programs relating to activities specified in Section 70 of the Major Port Authorities Act, 2021.
ii) Projects or programs relating to activities as specified in the Corporate Social Responsibility Guidelines issued by the Central Government from time to time.
• It states that Each Major Port shall at the beginning of the Financial Year prepare a “Corporate Social Responsibility Plan” to allocate funds and identify the projects, programs or activities to be undertaken under CSR from the activities listed in the annexure.
• The CSR projects, programs, or activities may be undertaken within the periphery of the Port, as declared by the Board.
• It states that the Port shall integrate its CSR in Business Plan with the social and environmental concerns related to the business of the entity.
• It states that the Investment in CSR should be project-based.
•The CSR activities should generate community goodwill, and create social or environmental impact and visibility, and for every project, the time frame and periodic milestones should be finalized at the outset.
• It states that the Board of every Major Port shall discuss the implementation of CSR activities in the Board Meetings
• The Board shall also finalize the activities to be taken up under CSR during the financial year, based on the local requirem
