Corporate Social Responsibility (CSR) Policy
WAISL Limited (the Company) has adopted the CSR Policy. The Company recognizes that its business activities have wide impact on the societies in which it operates and therefore an effective practice is required giving due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations.
The Company is driven by the vision to make a difference, specifically to society by contributing to the economic development of the country and improving the quality of life of the local communities. Towards this vision, the Company, through GMR Varalakshmi Foundation (GMRVF), partners with the communities around the businesses to drive various initiatives in the areas of education, health, hygiene, sanitation, empowerment, livelihood and community development.
Projects / Activities / Programmes proposed to be undertaken under CSR Policy
As recommended by the CSR Committee of the Board and as per the approval of the Board of directors the Company contributes or carries out its CSR activities or contribute funds to GMRVF for utilization broadly towards the following projects /activities / programmes:
- Support for promotion of education of all kinds (school education, technical, higher, vocational and adult education), to all ages and in various forms, with a focus on vulnerable and under-privileged.
- Education for girl child and the underprivileged by providing appropriate infrastructure and groom them as future citizens and contributing members of society.
2. Health, Hygiene and Sanitation:
- Ambulance services, mobile medical units, health awareness programmes and camps, medical check-ups, HIV/AIDS awareness initiatives, health care facilities and services, sanitation facilities.
- Eradicating hunger, poverty and malnutrition, promotion of preventive health care and sanitation, and making available safe drinking water.
- Reducing child mortality and improving maternal health.
3. Empowerment & Livelihoods:
- Employment enhancing vocational skills training, marketing support and other initiatives for youth, women, elderly, rural population and the differently abled, and livelihood enhancement projects.
- Promoting gender equality, empowering women, working for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
- Assist in skill development by providing direction and technical expertise for empowerment.
4. Community Development:
- Encouraging youth and children to form clubs and participate in community development activities such as like cleanliness drives, plantation drives etc.
5. Environmental sustainability:
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
6. Heritage and Culture:
- Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.
7. Measures for the benefit of armed forces veterans, war widows and their dependents.
8. Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports.
9. Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government or the State Governments for socio-economic development and relief, and funds for the welfare of the Scheduled Castes, Scheduled Tribes, other backward classes, minorities and women.
10. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
11. Rural development projects.
12. Such other activities included in Schedule VII of the Companies Act, 2013 as may be identified by CSR Committee from time to time, which are not expressly prohibited.
The activities undertaken in pursuance of the normal course of business, activities undertaken outside India and activities that benefit exclusively the employees of the company or their family members shall not be treated as CSR activities of the Company.
Further, the surplus arising out of the CSR activity shall not form part of business profits of the Company.
Since, the amount to be spent by a company under Section 135 (5) does not exceed fifty lakh rupees, the requirement under sub-section (1) for constitution of the Corporate Social Responsibility Committee shall not be applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors of such company.
At WAISL LIMITED, The PRO is implementing a sustainable, cost-effective, and environmentally sound collection and recycling mechanism that is consistent with the industry objectives and in compliance with the E-waste (Management) Rules 2016 we believe that it is our responsibility to ensure that we do business in such a manner that it enriches our environment and planet. That’s why we make sure that we deliver innovative and Eco-friendly products to our consumers. We are committed to product stewardship through the life cycle of our electronics, and ensure compliance with E-waste rules in India.
E-waste has been defined as “waste electrical and electronic equipment, whole in part or rejects from their manufacturing and repair process, which are intended to be discarded.” In other words, E-waste or Waste Electrical and Electronic Equipment is the term used to describe old, end-of-life or discarded appliances using electricity. With the increase in usage and dependence on electrical and electronic gadgets such as washing machines, refrigerators, air conditioners etc. there has been increase in E-waste generation in large quantities. A UN report estimates that the world wide generation of E-waste is around 30 to 50 Million tone per Annum. E-waste generally consists of those substances which are hazardous for environment and can seriously affect the health of the human beings.
Benefits of recycling of old electronic products/why recycle?
1. Saves Natural Resources:
There is a need to encourage recycling of all useful and valuable material from E-waste so as to conserve the ever depleting natural resources. Recycling end-of-life products is vital if we are to save resources and minimize waste.
2. Reduces Environmental Pollution:
Scientific disposal of E-waste reduces the environment pollution. Moreover, making products from recycled materials creates less air and water pollution than making products from virgin materials.
3. Alternate Resource:
With virgin resources facing rapid depletion, E-waste can be a good alternate resource since it contains many valuable and recoverable materials such as aluminum, copper, gold, silver and ferrous materials.
Negative consequences of disposal of product in an unscientific manner
1. Health Risks:
E-waste-connected health risks may result from direct contact with harmful materials such as lead, cadmium, chromium, brominated flame retardants or polychlorinated biphenyls (PCBs), from inhalation of toxic fumes, as well as from accumulation of chemicals in soil, water and food.
2. Children Are Vulnerable:
Children require more specific protection from E-waste exposure. As they are still growing, their air, water and food intake is more as compared to adults- and with that the risk of hazardous chemical absorption. Moreover, it may cause an irreversible damage to their central nervous system, immune system, reproductive and digestive system.
3. Environmental Degradation:
Oil and gases which are present in E-waste such as compressor and CRT causes environmental pollution. Burning of rubber and plastic in open area causes air pollution.
Accidental breakage/damage of electronics & E-waste :
Accidental breakage and damage of electronics and E-waste can pose a threat to the environment. As long as the toxic components in electronics are enclosed within the original manufacturer’s designed outer-shell of the gadget, they don’t pose much of a danger as they have been engineered to contain any such effects. However, accidental breakage or damage of such electronics or E-waste can lead to toxic elements leaking and contaminating their immediate environment. Damage to the environment due to accidental breakage of E-waste is a major concern in informal E-waste disposal and recycling facilities, so consumers need to ensure that they dispose their E-waste only at authorized E-waste Recycler.
Brief about E-waste (Management) rules 2016
The E-waste (Management) Rules, 2016 have been notified with primary objective to channelize the E-waste generated in the country for environmentally sound recycling which is largely controlled by the UN-organized sector who are adopting crude practices that results into higher pollution and less recovery, thereby causing wast ages of precious resources and damage to environment.
Guidelines for customers on the disposal of end-of-life products
Own Collection Center
As required by the regulatory bodies, the Ewour Waste Management Pvt Ltd. shall establish collection centers to drive own collection. Own collection centers will be one source of achieving the required overall volumes. Collection centers will be either fully owned by the Ewour PRO or will be outsourced to PRO partners. Collection centers will be secured with metal detectors, CCTV cameras and equipped with collection containers. There will be a registration desk where a collector accepts and registers the equipment into the IT system. All staff will wear safety equipment including helmets, safety shoes, gloves, goggles. The collection and operations staff will be trained and the collection centers will adhere to Environmental Health and Safety Management Standards (EHSMS) standards. Each collection centers will have its own management team, recruited collectors, security and helpers to store and manage the collected e-waste. Collectors will own vehicles, bikes and tricycles to support collection. Collection centers will aim at integrating low skilled labor into the formal e-waste collection. The PRO will cooperate with experts in the area to create the most effective incentives to integrate the informal channel into the overall collection process
Bulk customer Pickup
The Ewour Waste Management Pvt Ltd. will operate a system for managing pickups from Bulky customers as defined in E-waste (Management) Rules 2016. The PRO will approach bulky customers proactively in order to encourage them to shift their used products into the PRO network. It is assumed; initially the PRO will have to purchase this material. There will be a web form and a toll-free number set up to facilitate the management of the collection pickup requests and once confirmed, the PRO will dispatch the pickup request to the optimal service provider (depending on their capabilities, coverage, quality and price) to be auctioned.
How to drop off products at our collection point?
Here are the steps you need to follow when dropping off your electronics item at our Collection Point:
- Pack the electronics item in light packaging, so that the device is secured inside safely.
- Identify the Collection Point in your state through customer care.
- Take the packaged product to the Collection point.
- At the Collection Point, you will be provided with a form. Please fill in the necessary details.
- Now submit the product package along with the filled up form at the Collection Point.
This way, the appliance recycling organized by Ewour Waste Management Pvt Ltd. will be done under best possible conditions, in compliance with E-waste Management and Handling Rules on Waste Electrical and Electronic Equipment. We thank you for fulfilling your responsibility towards environment.
Ewour Waste Management Pvt Ltd. As part of this partnership with Ewour Waste Management Pvt Ltd. the company will ensure environmentally sound management of electronics that have reached their end of life phase. Ewour Waste Management Pvt Ltd. has obtained all the necessary authorizations from the appropriate governmental agencies for their processing facilities. Ewour Waste Management Pvt Ltd. ensures proper recycling and disposal of e-waste. This helps us protect the environment from any hazardous consequences, which would be otherwise caused by the inappropriate waste management of e-waste.
Do’s and don’ts for customers
- Your application has been submitted.
- Always look for information on the Catalog with your product for end-of-life equipment handling.
- Ensure that only Ewour repair and handle your electronic products
- Always call Local Ewour PRO to dispose products that have reached end-of life
- Always drop your used electronic products, batteries or any accessories when they reach the end of their life at your nearest Ewour PRO Call Center
- Wherever possible or as instructed, separate the packaging material according to responsible waste disposal options and sorting for recycling.
- Always disconnect the battery from product, and ensure any glass surface is protected against breakage.
- Do not dismantle your electronic products on your own.
- Do not throw electronics in bins having “Do Not Dispose” sign.
- Do not give E-waste to informal and unorganized sectors like Local Scrap Dealer/ Rag Pickers.
- Do not dispose your product in garbage bins along with municipal waste that ultimately reaches landfills.
Collection Points/Drop Points
You can find your nearest Collection Points Click here
- Do consumers have to pay for getting their electronics recycled?Consumers do not have to pay any fee for recycling of WAISL LIMITED Product/used in India.
- Is there any monetary benefit/discount linked to this take-back and recycling program?As of now there is no monetary benefit/discount linked to this program, however one can check for latest discounts/offers for exchange at your nearest WAISL LIMITED., Branch. The main benefit of this program is cleaner, safer and greener environment.
- Which WAISL LIMITED. Product can be recycled through this initiative?Currently the initiative covers pick up of e-waste related to only Hard Drives, Electric and Electronic Equipment.
- Do consumers have to pay to get their WAISL LIMITED. Product disposed?Consumers do not have to pay for safe disposal of their appliances through WAISL LIMITED., Product. Authorized PRO .
- Can we dispose any old product through WAISL LIMITED. Product. authorized PRO recyclers /agents? No. You can dispose only WAISL LIMITED Product through our PRO recyclers/agents.
- Is it possible to dispose of the products from anywhere in India, and how much time will it take?Yes it is possible and it will take about 5- 10 days to get the products picked by our authorized PRO from the time of the first call made to call center.
In case of any queries regarding the proper disposal and /or recycling of electronics, consumers can contact the helpdesk (Toll free) at:
Email: [email protected]
WAISL Limited is a leader in the adoption and implementation of ethical management practices. To further this approach, as well as to comply with the applicable provisions of the Companies Act, 2013 (hereinafter referred to as the ‘Act’) and the rules made thereunder, WAISL Limited has decided to adopt a vigil mechanism which can be referred to as the Whistle Blower Policy.
This Policy provides a platform for Directors, employees and stakeholders to raise genuine concerns and grievances by internally disclosing information which they believe show serious malpractice, impropriety, abuse or wrongdoing within the Company, or in the dealings of the Company with other persons or constitutes a violation of the WAISL’s Code of Business Conduct and Ethics Policy (hereinafter referred to as a “Concern”).
Pursuant to Section 177(9) of the Companies Act, 2013, read with Rule 7 of Companies (Meeting of Board and its Powers) Rules, 2014 provides a mandatory requirement, for all unlisted companies which has borrowed money from banks and public financial institutions in excess of Rs. 50 Crores to establish a mechanism called “Vigil Mechanism” for their directors and employees to report their genuine concerns or grievances.
It covers all the Permanent employees and Director of the Company.
- The Company means “WAISL LIMITED.”
- Employees mean all permanent employees of the Company.
- Directors means define as per Section 2(36) of the Companies Act, 2013.
- Audit Committee shall mean a Committee of Board of Directors of the Company,constituted in accordance with provisions of Section 177 of Companies Act, 2013.
- Policy or This Policy means, “Vigil Mechanism Policy.”
Terms that have not been defined in this Policy shall have the same meaning assigned to them in the Companies Act, 2013 read along with the rules as amended from time to time.
Protection under Policy
The vigil mechanism shall provide adequate safeguards against victimization of employees and directors who avail of the vigil mechanism and report their genuine concerns or grievances.
Disclosure & Maintenance of Confidentiality
Employees and directors shall report through e-mail addressed to [email protected].Confidentiality shall be maintained to the greatest extent possible.
In case of repeated frivolous complaints being filed by a director or an employee, the audit committee or the director nominated to play the role of audit committee may take suitable action against the concerned director or employee including reprimand.
- Any employee or director shall submit a report of the genuine concerns or grievances to the Audit Committee
- An audit committee shall oversee through the committee and if any of the members of the committee have a conflict of interest in a given case, they should recuse themselves and the others on the committee would deal with the matter on hand
- In exceptional case, the vigil mechanism shall provide direct access to the Chairperson of the Audit Committee or the director nominated to play the role of Audit Committee
- Audit Committee shall appropriately investigate all grievances received. In this regard, Audit Committee to investigate into the matter and prescribe the scope and time limit, therefore
- Audit Committee shall have right to outline detailed procedure for an investigation
- The Audit Committee or chairman or the director nominated to play the role of Audit Committee, as the case may be, shall have right to call for any information/document and examination of any employee or director of the Company or other person(s), as they may deem appropriate for the purpose of conducting investigation under this policy
- A report shall be prepared after completion of investigation and the Audit Committee shall consider the same
- The decision or direction of Audit Committee shall be final and binding
This policy can be changed, modified, or abrogated at any time by the Audit committee of the Company.
The Compliance Officer shall be responsible for intimating to all Directors and Departmental heads of any changes in policy.
This policy as amended from time to time shall be disclosed by the company on its website and in the Board’s report.