WOMEN’S HEALTH AND LIVELIHOOD ALLIANCE (WOHLA)

Ensuring Health and Economic Well-being of Women

Samhita-CGF’s REVIVE Alliance Awarded Best CSR Project in Skill Development & Livelihood

Samhita-CGF’s REVIVE Alliance has found a place among the best CSR projects conceptualised and executed in the year 2020-21 for our efforts to support and restore the livelihoods of informal workers, nano and micro-entrepreneurs, artisans and women collectives who have been severely impacted by the COVID-19 pandemic.

The jury for selecting the best social projects for “TheCSRUniverse COVID Response Impact Awards 2021” included Dr Rishikesha T Krishnan, Director, Indian Institutes of Management (IIM) Bangalore; Dr Himanshu Rai, Director, Indian Institutes of Management (IIM) Indore; Dr Umakant Dash, Director, Institute of Rural Management Anand (IRMA); and Prof Shalini Bharat, Director, Tata Institute of Social Sciences (TISS), Mumbai.

In addition to the top academicians, the renowned social sector experts in the jury panel included Mr Nixon Joseph, Ex-President & Chief Operating Officer, SBI Foundation; and Mr Sanjay Sinha, Managing Director, M-CRIL.

CSR Trends & Opportunities in India: 2021

Samhita has conducted a CSR research study in collaboration with the Japan International Cooperation Agency (JICA), which coordinates Official Development Assistance for the government of Japan. JICA assists economic and social growth in developing countries, along with promoting international cooperation.

This research report on ‘CSR trends and opportunities in India’ maps the CSR landscape in India, as experienced by Japanese, Indian and MNC companies, as well as implementation partners (NGOs and Social Enterprises). The report achieves this by taking an in-depth look at the following:

  • National macro-level CSR trends on compliance, spending by cause areas, geographies and modes of implementation,
  • Findings surrounding the CSR approaches, types of approaches to CSR and challenges as reported during surveys and quantitative interviews conducted with Japanese companies, Indian companies and MNC companies operating in India,
  • Insights from qualitative interviews with implementation partners regarding their approaches to funding and CSR partnerships, benefits they see in engaging with CSR and challenges they face while building and maintaining CSR partnerships,
  • Defining features of an ideal CSR program and CSR trends in the near future,
  • CSR recommendations for Japanese companies operating in India and recommendations for JICA for creating a more enabling CSR ecosystem.

Are We Moving Towards a Truly ‘Social’ Stock Exchange?

SEBI recently approved the creation of India’s social stock exchange. We analyse some of the strengths and shortcomings of its proposed framework and operational structure.

The purpose of establishing the SSE in India is to ‘take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion’.

While it is too early to determine if the SSE will be able to achieve this purpose in the long run, Samhita’s Anushree Parekh, Amiya Walia, and Shivina Jagtiani examine whether the proposed mechanisms are defined and designed in a manner that furthers this goal. In doing so, we draw upon the insights and learnings published in our comprehensive research that reviewed seven global SSEs

Samhita’s Report on Social Stock Exchanges from 7 Countries

Samhita recently conducted a study of SSE’s in 7 countries to evaluate its importance in India

The Securities and Exchange Board of India (SEBI) approved the creation of the ‘Social Stock Exchange’ which is widely perceived to be a game changer in the social impact segment.

According to Samhita’s report, SSE holds the potential of becoming an agent of change for civil society. It can theoretically unlock new capital, promote equity, introduce new instruments for donors to fund operations, streamline regulations and create an ecosystem of enabling frameworks for civil society.

But on the other hand the report also lays down the risks such as duplicating the operations of a conventional stock exchange, segmenting or further exacerbating inequalities within and between sectors, and failing to create a strong culture of giving. Stakeholders must create a representative that incorporates the concerns and wisdom of civil society and social organisations.

An SSE can be a means for the markets to serve the society; not for society to serve the markets.

Hyderabad City establishes its first FSTP with the support of CSR, promoting Citywide Inclusive Sanitation

The Minister of Municipal Administration and Urban Development, Government of Telangana, K. T. Rama Rao, inaugurated Hyderabad’s first Faecal Sludge Treatment Plant (FSTP), set up by the Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB).

This public-private initiative is supported by HDFC Limited through its philanthropic arm, the H T PAREKH FOUNDATION and facilitated by Samhita & Administrative Staff College of India (ASCI).  

The Minister also flagged off 87 septic tank trucks and said that two more FSTPs located in Nagaram and Injapur would be operational in the coming days.

Bringing humanity to the boardroom

In 2014, India became the first country in the world to mandate corporate social responsibility (CSR) spending. CSR in India isn’t about making one-time charitable donations – it has a higher purpose of giving back to the community and creating positive social change. The mandate has made Indian corporates think more proactively about social issues in India and focus their ideas of business responsibility and purpose.

In this article, ADP Rethink traces the evolution of CSR in India as it goes from being a regulation to redefining corporate citizenship.

Collaborating against COVID-19: Rallying global support to vaccinate India

Through strategic partnerships, Global India Fund, Samhita, and Collective Good Foundation fight to ensure equity in the world’s largest vaccination drive

When India’s COVID-19 case count surged in April 2021, the devastation horrified the world — healthcare systems collapsed, cremation sites were overcrowded and morgues worked around the clock. The crisis was unprecedented. 

The second surge put the spotlight on the need for collective action. Immediate critical healthcare requirements such as oxygen concentrators, ventilators and hospital beds were in extremely short supply. With the fear of subsequent waves already washing through the population, it was necessary to increase long-term efforts to end the pandemic — i.e: Vaccinations.

Yet, only 3.5% of India’s 1.4 billion population was fully vaccinated at the start of the second wave in April 2021. Burdened by wastage, supply constraints, and accessibility barriers, India’s vaccination drive has been slow and staggered. To create long-term solutions to end the pandemic and supplement government efforts, Global India Fund (GIF), in collaboration with Samhita and Collective Good Foundation (CGF), launched the Together for India | #VaccinateIndia Campaign, an international fundraising initiative to support vaccination of the second-most populous country in the world.

The Together for India fundraising campaign, launched in April 2021 in response to the COVID-19 crisis in India, has rallied Indians, international humanitarians, and the Indian diaspora who want to support the equitable distribution of vaccines in India. For those most weighed down by the economic fallout of the pandemic, the toll on health becomes inescapable. They are also at an increased disadvantage at all stages of access, such as the inability to access the CoWIN portal to register for vaccination, burden on health systems to deliver at scale during vaccinations, and lack of information and healthcare support post vaccination. “We need to take a comprehensive approach to not just recovery, but also resilience and growth. As part of a holistic approach to solving India’s livelihood crisis created by the pandemic, we are focused on efforts to ramp up vaccinations for vulnerable communities. It is important to address problems in vaccine access, to ensure that no one is left behind. That’s the only way India can take a decisive step forward in this time of crisis to truly create a ‘better normal’,” says Priya Naik, CEO and Founder, Samhita.

The fundraiser focuses on marginalised and vulnerable communities and those with poor access to healthcare to tackle vaccine hesitancy; it ensures availability of vaccination material like syringes, needles, etc.; and addresses vaccine barriers like tech illiteracy and information asymmetry. “As people around the world watched the crisis unfold in India, they were eager to help in any way possible. People wanted to help their friends, family, colleagues, and even strangers. Amidst the devastation, we knew that vaccinations would offer hope and a way out of this pandemic, but that also hinged on ensuring equitable distribution of vaccines. We know that vaccinations can fight COVID-19, but we also know that everyone needs to be vaccinated — not just those who are educated or have the means. And we know that in some communities, we also have to combat vaccine hesitancy. It is only when a vast majority of India is vaccinated that we’ll know we have won the fight against COVID-19,” says Amita Vyas, Founder, Global India Fund. 

With strategic partnerships forged by Samhita and CGF, the first phase of the Together for India | #VaccinateIndia campaign is kicking off simultaneously in Maharashtra and Madhya Pradesh. Support from corporates, philanthropy, civil society, and influencers remain an essential and immediate requirement to accelerate access to vaccines at multiple locations, which will result in an increased adoption of immunisation drives and ensure compliance to COVID-19 appropriate behaviours post vaccination. 

In partnership with the Rotary Club of Pune Central and Jivika Healthcare (VaccineOnWheels), the vaccination drive in Maharashtra will be supported by the Municipal Corporation of Satara City to set up vaccination centres at the community level. The program will accelerate vaccinations in socio-economically challenged communities and free daily doses will also be made available to beneficiaries identified by the government. The vaccination project in Madhya Pradesh, executed in partnership with Transforming Rural India Foundation (TRIF), is expected to have a reach of 1,00,000 people across five blocks to increase awareness and encourage individuals to get vaccinated in nearby government-run vaccination centres. 

These strategic partnerships have gone beyond vaccines — the partnership with GIF has resulted in the donation of 400 5L Oxygen Concentrators to the Government of Punjab and 380 Oxygen Concentrators to the Madhya Pradesh Forest Department.  

In the next phase of partnerships, Samhita envisions rolling out vaccination programs across Gujarat, Rajasthan, Uttar Pradesh, Bihar, Jharkhand and other parts of the country in partnership with other strategic partners. The objective is to achieve 1million vaccination doses given to those from the most vulnerable communities across the country. 

As the pandemic reached an incomprehensible scale in India, donors and diaspora from around the world have come forward to fundraise and help alleviate the situation. From corporate donations and celebrities rallying their followers, to individuals hosting fundraising events through yoga and dance classes, the pandemic has fostered collaboration from all over the world to support India. In the same vein, GIF, Samhita and CGF are inviting and nurturing new tactical partnerships to ensure vaccine equity in India — vaccines are our only hope in defeating this pandemic.

This article is written purely for the purpose of gratitude and public recognition of GIF and CGF’s philanthropy

Decoding CSR Amendments 2021

Initiating discussions to decode the CSR Amendments 2021, Samhita Social Ventures and Noshir Dadrawala, Programme Director at the Centre for Advancement of Philanthropy cohosted a webinar and engaged with over 150 representatives of companies, philanthropic trusts and foundations on 3 February 2021.

FAQs On The CSR Law Amendments 2021

The Ministry of Corporate Affairs, on 22nd January 2021, updated the Companies Corporate Social Responsibility Rules. These CSR law amendments bring several significant changes to the national CSR policy including an increased focus on impact assessment, decriminalisation of non-compliance, greater inclusion of international organizations, and provisions altering the guidelines for management of excess funds and surplus expenditures. 

Here are the answers to some frequently asked questions (FAQ) about the CSR Amendment Rules 2021:

What activities qualify as CSR activities?

According to the latest amendment, the following expenditure will now be included in the list of CSR activities:

  1. Research & development of new vaccines, medication, and medical devices related to COVID-19 in the firm’s normal course of business
  2. Overseas training of Indian sports personnel representing any State or Union territory at national level or India at international level.

According to the latest amendment, the following expenditure will NOT be included in the list of CSR activities:

  1. Contribution of any amount directly or indirectly to any political party
  2. Activities benefiting employees of the company
  3. Activities on sponsorship basis for deriving marketing benefits for its products or services

What all must a company’s CSR Policy mandatorily include?

A company’s CSR Policy needs to mandatorily include:

  1. List of CSR projects that are approved to be undertaken
  2. The manner of execution of such projects
  3. The details of utilization of funds for the projects
  4. Implementation schedules for the projects
  5. Monitoring and reporting mechanism for the projects
  6. Details of impact assessment, if any, for the projects undertaken by the company

What are “Administrative Overheads” and what does the definition include?

Under the new rules, “Administrative Overheads” will only include expenses directly incurred by the company on “ general management & administration” of CSR functions. 

Therefore, the expenses incurred by the company on designing, implementation, monitoring, and evaluation of a particular Corporate Social Responsibility project will not be included as part of the administrative overheads but as a CSR expenditure.

Also, the board shall ensure that the administrative overheads shall not exceed five percent of total CSR expenditure of the company for the financial year.

What is the penalty for non-compliance to CSR rules and obligations?

A significant departure from the erstwhile CSR policy, non-compliance to the CSR rules and obligations will no longer be treated as a criminal offence. These will now be treated as civil wrongs.

What CSR related information does a company have to disclose publicly:

The 2021 CSR amendment mandates that every company must disclose the following:

  1. Composition of the CSR Committee
  2. The CSR Policy
  3. Projects approved by the Board 

Has impact assessment of a company’s CSR projects made mandatory in the new CSR law amendments?

Impact assessment is only mandatory for companies with CSR obligations of INR10 crore or more of any and all projects with outlays of INR1 crore or more. These Impact assessments must be undertaken by an independent agency.

What is an international organization and what CSR functions can it fulfill?

A company may engage International Organisations for designing, monitoring and evaluation of the CSR projects and for capacity building of their own personnel for CSR.

“International organization” means an organisation notified by the Central Government as an international organization under section 3 of the United Nations (Privileges and Immunities) Act, 1947.

What is to be done with additional income being generated through a company’s CSR projects?

Any surplus income being generated through a company’s CSR activities can not form part of the company’s profit. The surplus shall be reinvested into the same project or shall be transferred to the Unspent CSR Account.

What happens if a company spends more than its required CSR expenditure?

Any CSR expenditure that exceeds the required amount can be carried forward to the next three years.

Can the company create or acquire any capital assets using its CSR expenditure? 

CSR funds may be spent on creating or acquiring capital assets. Although, these capital assets can not be held by the company. They must be held by any one of the following entities:

  1. A Section 8 company
  2. A registered public Trust or Society having charitable objects 
  3. Beneficiaries of said projects
  4. Public authorities

Is there any provision for projects that go on for longer than one year in the new CSR Law Amendments?

A new concept of an “ongoing project” has been added to the rules. ‘Ongoing Project’ means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years. These can include projects that were initially not multi-year projects but were extended based on reasonable justification.

What is a Utilization Certificate?

A Utilization Certificate must now be presented by the CFO to the Board, certifying that all the funds allocated by the Board have been utilized in a manner approved by the board.