Meet your CSR by investing in or buying solar power
More than just chequebook philathrophy
As per the Companies Bill 2011, companies with a net profit of INR 5 crore or more, in a fiscal year, are mandated to spend 2% of their net profit on CSR activities. ‘Ensuring environment sustainability’ is one of the nine activities that qualify as a CSR initiative, according to the bill’s directives. As a part of their overall CSR initiative, many companies are expected to look at environment sustainability to meet a part of their obligations. Within this, investing in solar power can prove to be one of the most effective tools as solar power is also commercially viable at many locations across India.
There are three ways of ensuring CSR complaince through solar:
- Investing in a solar power project for captive consumption.
- Buying solar power for captive consumption
- Providing solar lighting and pumping solutions to rural households
Headway Solar can help your company with all of the above.