Index Summary Sustainability according to Cummins CSR Committee CSR Policies and Projects CSR Spending Social Justice and Infrastructure EmpowerHER 'Powering HER for a better tomorrow' Education and Environment Employee Safety Summary Sustainability according to Cummins CSR Intervention Integration of CSR and Business Model Critical Analysis References Sustainability according to CumminsSustainability for Cummins is the future and the way forward, and is especially necessary for them as it is a resource-intensive industry. Without sustainable development, it will not be possible for them to survive in the market and this is what drives their approach towards CSR. The reliability of Cummins products is of fundamental importance to the sustainability of the company and for this reason Cummins engineers are committed to achieving perfection in their production methods before the final product reaches the masses. Cummins considers sustainability as a much broader aspect and therefore includes various factors such as environment, corporate responsibility, safety, diversity and inclusion, employee development and governance as key performance indicators. Corporate social responsibility has always been one of its core values, with the motto "Serving and improving the communities in which we live". Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay In India, Cummins works alongside the Cummins India Foundation (CIF), established in 1990. It is a public charity registered under the Bombay Public Trusts Act, 1950, Income Tax Act, 1961 and Foreign Contribution (Regulation) Act, 2010 and focuses its attention on community service and the process of improving the quality of life of the people of those communities. CIF does not accept charity from the general public. Addressed various issues in the field of environment, society, etc., Cummins made significant contributions in 2017 18 with projects on education, rural development, water neutrality, solid waste management, scholarship program and Coach Them Young only to name a few. Cummins India Foundation's three main focus areas are higher education, energy and environment, and equal opportunity. To promote and encourage employee participation in such activities, Cummins has introduced the “Every Employee Every Community” (EEEC) initiative, where it is mandatory for every employee to dedicate four working hours to any CSR project. For the fifth consecutive year, your company has obtained a 100% score for this initiative. The Foundation works closely with local communities to identify the right projects and channel the contribution to CSR. CSR Committee The Board of Directors of Cummins India constitutes the so-called “CSR Committee” and this committee consists of the following members: Mr. Prakash M . Telang (President)Mr. PS Dasgupta (member)Mr. Nasser Munjee (Member)CSR Policy and ProjectsThe Committee has formulated a CSR Policy which states the activities to be undertaken under the Companies Act, 2013. It also monitors and then makes suggestions regarding the amount of expenses to be incurred for various activities in addition to auditing of the Company's CSR policy at regular intervals. CSR Expenditure1 Average net profit of the Company for financial years 2014 15, 2015 16 and 2016 17 830,642 Expected CSR expenditure (i.e., 2%) 16,613 Details of CSR spent during financial year 2017 18a. Total amount spent for the financial year 16.61b. Unspent amount, if any, Nil CSR Interventions: Higher Education Please note: This is just an example. Get a custom paper from our expert writers now. Get a custom essay Cummins isaware of the importance of education. In addition to rigorously recruiting from the nation's top institutions, Cummins also focuses on improving employability by providing enhanced educational opportunities. The following projects were established in 1991 in Pune, the college was established exclusively for women known as Cummins College of engineering for women (CCEW). It focused on higher education in STEM (science, engineering technology and mathematics) for school-going girls. Besides providing various facilities such as faculty, student exchange programs and internships for students, it has established a Center for Research and Intellectual Entrepreneurship (CeRIE). The “Cummins Scholarship Program” has also been successful for 12 consecutive years, with this year adding 200 scholarships for deserving and needy students. Social Justice and Infrastructure The Khadakwasla water conservation project has seen active partnerships from various other corporate players and NGOs and has managed to save over 13,300 million liters of water. Scientific implementation of watershed management techniques and holistic use of modern hydrogeological studies has helped Cummins reach out to over 5,500 villagers through our Monsoon Resilient Maharashtra strategic project. The project has been piloted in four villages in KoregaonTaluka, Satara district, Maharashtra and there are plans to extend the project to another fourteen villages in MaanTaluka, which are much more drought-prone regions. EmpowerHER “Powering HER for a better tomorrow” This initiative was focused on helping income generation activities for women in some model villages. Through this initiative, self-help groups and business models have been developed, enabling women to become self-sufficient and financially capable. Education and Environment Padarwadi, a village located 120 kilometers from Pune, was a paddy producing region. But due to lack of connectivity, decortication required them to move to another village, which resulted in a lot of non-productive work. Cummins solved this problem by establishing a "distributed generation model for rural electrification", which was economically viable and scalable across multiple villages. To educate residents about waste disposal and give dignity to waste collectors, the "Zero Garbage Project" was introduced. . Not only did it prove to be an effective measure, but it also made waste one of the renewable and profitable resources. He implemented the "Safe Chula" project, which aimed to reduce the consumption of wood for cooking as it posed a danger to the environment and health. It introduced energy-saving cooking gas as an alternative among households. Cummins launched the "Paper Bag Project"; this project attempted to introduce newspaper bags instead of plastic bags. They not only spread awareness among the community about the harmful effects of using plastic bags, but also provided various NGOs with the necessary skills to produce paper bags, which would be fully recyclable and non-polluting like newspaper plastic bags. , providing privileged people with a source of livelihood to help them make ends meet. The “Coach them young” project was launched in 2012, with the aim of educating school children, and has reached almost 3.3 million people since its inception. The 'Clean Air Delhi' project in collaboration with the government NITI Aayog has been implemented to address the harmful problems of pollution. Cummins plans to submit a series of recommendations and regulations to the government in this regard. To resolve the imbalance between the production of.
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