CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility

Bharat Oman Refineries Limited is the first company to operate its refinery in Central India.

Along with meeting the energy needs of the nation, ensuring sustainable development of our region and transform existing challenges into unique strengths that can be harnessed for national building. In doing so, the Company is guided by the principles that CSR initiatives are sustainable and have a lasting impact

The CSR activities would be undertaken in the state of Madhya Pradesh and Gujarat and preferably in the nearby areas of the refinery at Bina, Crude Oil Terminal at Vadinar, nearby areas of the Vadinar Bina pipeline.

CSR Vision

“To promote inclusive and sustainable development by partnering with internal and external stakeholders and leveraging CSR for business value creation, and thus become a role model in CSR for other companies”.

CSR Policy

BORL’s CSR Policy is approved by the Board as per the new Companies Act 2013 and a CSR Committee has been constituted. The Board is the approving authority for the CSR budget which is a part of the approved Annual Business plan

CSR Committee

The CSR Committee of the Board consists of four directors and headed by an external director. All the CSR projects are required to be approved by this committee.

Scope

The CSR Projects/Programs related activities to be undertaken by the Company are specified in Schedule VII of the Companies Act 2013, and amendments thereof. At present these activities are as follows:

·                 Promotion of Education and Skill Development

·             Promotion of Health, Hygiene & Sanitation

·             Rural development and Environment sustainability

·             Promotion of Sports & culture

 

  • Monitoring

The CSR Committee shall review the progress of projects on a periodic basis.