As the fiscal year draws to a close, it is crucial for companies to heed the urgency mandated by Sub-section (5) of Section 135 of the Indian Companies Act. This stipulation requires every company to allocate a minimum of two per cent of the average net profits from the three immediately preceding financial years towards Corporate Social Responsibility (CSR) spending.
The impending deadline underscores the need for companies to act swiftly and strategically in utilising their CSR funds. Unspent funds not earmarked for ongoing projects at the close of the financial year must be transferred within six months to a fund specified in Schedule VII of the Indian Companies Act. Failure to meet this requirement may lead to penalties, emphasising the critical importance of timely and purposeful investment of CSR funds.
In this context, investing in Green Initiatives presents a golden opportunity for companies to not only fulfil regulatory obligations but also drive positive change. By partnering with our organisation, Grow-Trees, businesses can seamlessly translate their commitment to CSR into tangible social good.
At Grow-Trees, we strive to make a positive impact on society and contribute to the overall well-being of the communities with our tree plantation projects. Our initiatives are guided by a sense of responsibility and a commitment to creating a more sustainable and equitable future.
Sustainable Development Goals (SDGs):
The Sustainable Development Goals (SDGs) provide a comprehensive framework to address global challenges in social, economic, and environmental spheres. Applicable to all countries, the SDGs emphasise collective responsibility and international collaboration.
Here’s how tree plantation can help you achieve some of your SDGs:
SDG 1 (No Poverty):
We engage local communities in our tree plantation projects and provide a pathway to a sustainable income source. Since our establishment in 2010, we’ve successfully planted over 19 million trees and generated 1.5 million workdays.
SDG 13 (Climate Action):
A mature tree can absorb ~20 kg of CO2 per year. Their role as carbon sinks aid in lowering greenhouse gas emissions, reducing deforestation and protecting biodiversity.
SDG 15 (Life on Land):
Trees also play a vital role in maintaining the delicate balance of our ecosystem. We have numerous projects dedicated to enriching wildlife habitats and corridors, such as Trees for Tigers®, Trees for Elephants® and Trees for Colobus Monkeys.
1 Investment, Multiple Benefits:
Along with increasing the green cover, we partake in a comprehensive approach that goes beyond environmental conservation. Aligned with the mandates of the CSR Act, our initiatives are strategically crafted to address diverse issues outlined in Schedule VII. Our commitment extends to addressing crucial social and environmental concerns, with a particular focus on:
- Environmental Sustainability: We are dedicated to protecting our rich flora and fauna, conserving natural resources and improving soil and air quality.
- Empowering Women: We take pride in the fact that over half of our plantation workers are women. This not only provides them with employment opportunities but also empowers them to support their families.
- Rural Development: We have initiated several projects with a specific focus on uplifting rural communities, such as Trees for Farmers®, Trees for Tribals® and Trees for Villagers™.
What makes us stand out?
What sets us apart at Grow-Trees is our innovative inventory-based approach, a distinctive feature that enhances the efficiency and impact of our tree-planting initiatives. We strategically plant trees during the monsoon season, optimising growth and survival rates. We capitalise on the ideal conditions, ensuring that our trees have the best possible start. This strategic timing enhances their resilience and long-term viability.
The uniqueness of our approach lies in the availability of our plantations for adoption throughout the year. While we plant during the monsoon, you have the flexibility to adopt trees at any time, making the entire process swift and efficient.
If you are interested in aligning your business to a socially responsible cause – get in touch with us on firstname.lastname@example.org