Leap Green Energy (LGE) is an Independent Power Producer (IPP) aiming to build India's largest and most scalable green energy business.
LGE Earnest desire to develop its renewable energy projects by
- Free of by-products and emissions
- Support Sustainable development
LGE believes in creating values for its stakeholders, local community, environment, employees, suppliers, government and civil society.
OUR CSR MOTTO
Largest and most sustainable green energy venture for value creation to society and community.
Equal employment opportunities without any discrimination on race, color, religion and gender. Engaging with communities to contribute to socioeconomic development through feasible activities.
Activities to overcome indigenous community risk due to our renewable energy projects is our key concern.
Programs that benefit communities in and around its operations by enhancing the quality of life and economic well-being of local communities.
The CSR activities be undertaken by Leap Green Energy P. Ltd. collaboratively with the subsidiary companies. However, the reporting of the activities undertaken shall be separate for each company as stipulated in the CSR rules. Any or all of the activities as enumerated below shall be undertaken by the Company under the CSR ambit
- Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation including contribution to the Swach Bharat Kosh set up by the Central Government for promotion of sanitation and making available safe drinking water,
- Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently-abled and livelihood enhancement projects
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans, setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set up by the Central Government for rejuvenation of river Ganga
- 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;
- Measures for the benefit of armed forces veterans, war widows and their dependents;
- Training to promote rural sports, nationally recognized sports, Paralympics’ sports and Olympics sports;
- Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
- Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government; Rural development projects.
The CSR activities shall be undertaken within the territory of India.
- Every year, the Company shall with the approval of its Board of Directors make a budgetary allocation for CSR activities/ projects for the year. The budgetary allocation will be based on the profitability of the Company and the requirements of applicable laws.
- The Company expects to spend the budgeted amount allocated for CSR activities/ projects planned for each financial year, within that year. If for any reason, the budget of a year remains unutilised, the same may be carried forward to the next year for expenditure on CSR activities, which were planned for implementation in the previous year, but could not be completed due to some reason. The CSR Committee and the Board of Directors will disclose the reasons for not being able to spend the entire budgeted amount on the CSR activities as planned for that year in the Annual Report of the Company.
- Any surplus arising out of the CSR activities, projects or programs shall not form part of the business profits of the Company.
- Implementation and monitoring of the CSR activities will be overseen by the CSR Committee which will plan for CSR expenditure each year and set-up budgets up to 2% of the profits (PBT) of the Company.
- The Company may take up the implementation of CSR project with its own manpower and resources, if the CSR Committee is confident of its organizational capability to execute such projects.
- If in the opinion of the CSR Committee, the implementation of CSR projects requires specialized knowledge and skills, and if the Company does not have such expertise in‐house, the wherewithal, and dedicated staff to carry out such activities, the CSR Committee may decide to avail the services of external specialized agencies for the implementation of such CSR projects.
- In the event an external agency is engaged for the purposes of the CSR initiatives of the Company, the Company will need to enter into an agreement with the relevant executing/implementing external agency, setting out the terms and conditions of the engagement of the external agency.
- The Company recognizes that monitoring is critical for assessment of the progress as regards timelines, budgetary expenditure and achievement of targets. Monitoring will be done periodically with the help of identified key performance indicators, the periodicity being determined primarily by the nature of key performance indicators.
- Monitoring will be done in project mode with continuous feedback mechanism and recourse always available for mid‐course correction in implementation, whenever required.
- The performance of the Company’s CSR activities would be monitored on the basis of their achievement of annual targets and the utilization of their annual budgets for the activities planned and the targets set for each year.