The Ministry of Corporate Affairs introduced the new concept – Corporate Social Responsibility (“CSR”) in the Companies Act, 2013. Corporate Social Responsibility is strongly connected with the principles of Sustainability; an organization should make decisions based not only on financial factors; but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of Balmar Lawrie-Van Leer Limited to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.
The need for Corporate Social Responsibility has gained prominence from all avenues. The Government cannot alone uplift the society as a whole and thus corporate must extend their hands for this noble cause.
The main objective of this policy is active involvement in the social and economic development of the society, in which we operate, share profits with the society through responsible business practices as well as good governance and bring positive changes to the lives of mankind.