• CSR

CSR

Corporate Social Responsibility (CSR) is an integral part of our business practices in real estate development. We recognize the need to contribute positively to the sustainable growth and development of our society. We will take you through our CSR policies focusing on the initiatives undertaken by BSD Projects Private Limited. By examining our CSR policy, objectives, funding, implementation, and monitoring, you will understand how CSR initiatives are creating a positive impact in the community.

Real estate development involves the construction, development, and sale of residential and commercial properties. It is a sector that directly impacts the environment, local communities, and various stakeholders. Recognizing these impacts, BSD Projects Private Limited has embraced CSR policies to ensure sustainable growth and development.

Objectives 
The primary objective of CSR is to achieve sustainable growth while contributing to the development of society. We aim to act as good corporate citizens by adhering to standards and minimizing social risks associated with our operations. By implementing CSR initiatives as a real estate developer, we address key social, economic, and environmental challenges in our communities.

CSR Committee
To effectively implement CSR initiatives, BSD Project Private Limited established a CSR Committee comprising key directors and other members . The committee is responsible for formulating and recommending a CSR policy that outlines the activities to be undertaken by the company. Additionally, the committee recommends the budget allocated for CSR activities and monitors their implementation. In the case of BSD Projects Private Limited, the CSR Committee consists of Mr. Sameer Shaikh as Chief promotor, Mrs. Tumul Sethi, Mohd Kazim Asgar Mr. Pramil Agnihotri, and Mr.Akash Mishra as members.

Focus Areas and Activities
BSD Projects Private Limited undertakes CSR activities in various focus areas to address key social and environmental issues. These areas include the Development of education sites in the running projects by availing cost-effective land availability for them. Rural Development Programs by engaging people as much as possible, Women and Social Empowerment with various easy options and schemes, and Natural and Environment-friendly real estate development. Many other activities are undertaken directly by the company or through collaboration with NGO/charitable/non-profit organizations, as recommended by the CSR Committee.

Funding for CSR Activities
The CSR Committee recommends the amount of expenditure to be incurred on CSR activities. If the allocated budget is not fully utilized, the remaining amount is carried forward to subsequent years for implementation of CSR initiatives.

Implementation and Monitoring
To ensure effective implementation of CSR activities, the CSR Committee assesses proposed initiatives and regularly monitors their progress. The committee reviews the status of CSR activities and recommends improvement measures to be taken. This constant monitoring and evaluation help in measuring the impact of CSR initiatives and making necessary adjustments for greater effectiveness.

CSR Reporting
This report is annexed to the company's Annual Report and provides details of the CSR activities undertaken throughout the year. The CSR Committee also submits a responsibility statement, confirming that the CSR policy has been followed in letter and spirit, in alignment with the CSR objectives.

Changes and Modifications
Modifications to the CSR Policy can be made based on the recommendations of the CSR Committee and subsequent approval by the Board of Directors. Any changes made to the policy are communicated to all stakeholders and published on the company's website.

Conclusion 
BSD Projects Private Limited, a real estate development company based in Lucknow, has incorporated CSR initiatives into its business practices. With a vision to enhance value and create a positive impact in society, the company focuses on various objectives, including education, healthcare, rural development, women empowerment, and environmental conservation. The CSR Committee plays a crucial role in formulating the CSR policy, allocating funds, and monitoring the implementation of CSR activities. By complying with reporting requirements and making necessary modifications, BSD Projects Private Limited demonstrates its commitment to being a socially responsible corporate entity.