CSR towards Waste Management
You would glad to know that when the amendment was made in April 2014, India became the only country in the world to make CSR mandatory.
The amendment notified in the Schedule VII of the Companies
Act advocates that those companies who fit in any one of the following criteria
shall earmark 2 percent of average net profits of three years towards CSR.
1)
Net
worth of US$73 million (Rs 4.96 billion) or more.
2)
An
annual turnover of US$146 million (Rs 9.92 billion) or more.
3)
Net
profit of US$732,654 (Rs 50 million) or more during a financial year.
Maharashtra itself generates approx. 23,450 MT MSW everyday of which around 7,543 MT is processed & treated in eco-friendly manner i.e. 32.17% the overall percentage of
treatment.
Even though waste management & disposal features 3rd on the list of Swachh
Bharat’s objectives but still the number of companies looking to spend their
CSR on the waste management are barely few.
One of the main reason for getting low interest in waste
management in spite of prime minister’s announcement of achieving Swachh Bharat
by 2019 is the fact that it’s not a one-time investment.
Waste Management activity include collecting waste from the
generator, segregating & transportation to the recycling unit. All this
activity needs to be inter related through right channel in order to get the
maximum waste management done.
Also it is a daily process, which needs to be monitored on
daily basis & thus the maintenance cost needs to be considered
simultaneously.
Since the latest Solid waste management rule 2015 has
provided a supporting hand in guiding the CSR fund in the right way through
provision for creating waste to energy unit, improve the work condition of the
waste pickers, bio methanation.
We can look of few company which has set a good example
guiding the CSR for the cause of waste management.
1) Pepsico – Exnora – local bodies [Waste to Wealth]
In order to show its commitment to the environment, in
districts such as Pammal, Chennai, Nagapattinam, Tenkasi and Cuddalore, in
collaboration with Exnora, the firm started a waste collection and treatment
programme called Waste to Wealth. It is a four-way partnership between PepsiCo
India, Exnora, local municipal bodies and the residents. It involves
door-to-door collection, segregation, composting of the organic matter and
recycling of plastics and other inorganic material.
We can take a look at the following instance, were the local resident along with government body & funds received from the political leaders have started a great initiative of converting the waste to energy in the well renowned location of Mumbai suburbs.
The joint project of the following:-
1.
Pali Hill Residents Association (PHRA),
2.
Brihanamumbai Municipal Corporation (BMC)
3.
Yasasu
Green
They in collaboration along with the collected CSR fund have
set up a plant for converting the waste to energy plant which will be used to
light up the street light of the nearby location.
We need more of this collaboration of CSR to work for the
betterment of life. More and more companies needs to seriously look in to the
impact & importance of spending their CSR funds on the Waste management
activity, so that we can build a better place to live for our self & can
gift a green planet to our coming future generation.
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