PRINCIPLE 8 
PRINCIPLE 8
PRINCIPLE 8
Businesses should promote inclusive growth and equitable development
1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, in the current financial year.
According to applicable laws, SIA (Social Impact Assessment) is not required for any of the projects undertaken by us. However, as a part of our commitment to giving back to society, the company asses the need and evaluates the impact of major CSR projects. The impact assessment of CSR projects is aligned as per CSR Rules of 2014.
| Name and brief details of project | SIA Notification No | Date of notification | Whether conducted by independent external agency (Yes/No) | Results communicated in public domain (Yes/No) | Relevant Web-link | Relevant Web-link |
|---|---|---|---|---|---|---|
| Not Applicable | ||||||
2. Provide information on project(s) for which ongoing Rehabilitation and Resettlement (R&R) is being undertaken by your entity, in the following format:
We have not undertaken any new projects that requires Rehabilitation and Resettlement (R&R). Most of our plants and projects are operating on a land which is part of industrial development corporation.
| Name of Project for which R&R is ongoing | State | District | No. of Project Affected Families (PAFs) | % of PAFs covered by R&R | Amounts paid to PAFs in the FY (In `) |
|---|---|---|---|---|---|
| Not Applicable | |||||
3. Describe the mechanisms to receive and redress grievances of the community.
We are committed
towards community development not only around plant sites but also other areas.
We are also involved in redressing their grievances and concerns. We maintain
open registers at all our locations, in which community stakeholder groups can
voice their concerns. Additionally the CSR team of the organization, through its
implementing
agencies (NGOs) engages with the community members. The concerns are discussed
and addressed through the elected members of Panchayats, other bodies and
consequently a
formal application of the concerns is submitted to Schaeffler India.
Our grievance redressal mechanisms include
4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:
| FY 2024 | FY 2023 | |
|---|---|---|
| Directly sourced from MSMEs/small producers | 20.0% | 17.8% |
| Directly from within India | 85.0% | 86.4% |
Note: Figures for FY 2023 are revised due to change in methodology of computation
5. Job creation in smaller towns – Disclose wages paid to persons employed (including employees or workers employed on a permanent or non-permanent/ on contract basis) in the following locations, as % of total wage cost.
| Location | FY 2024 | FY 2023 |
|---|---|---|
| Rural | 57.8% | 57.8% |
| Semi-urban | 0.05% | 0.05% |
| Urban | 23.3% | 23.2% |
| Metropolitant | 18.9% | 18.9% |
(Place categorized
done as per RBI Classification System - rural/semi-urban/urban/metropolitan)
:Home | Government of India (https://censusindia.gov.in/census.website/)
1For calculation we are considering total number employees & workers
reported in ‘Section A’ IV.a
2In the above Snapshot we have not considered allied services like
Canteen, Housekeeping, Security, Transportation, construction workers etc.
1. Provide details of actions taken to mitigate any negative social impacts identified in the Social Impact Assessments (Reference: Question 1 of Essential Indicators above):
According to applicable laws, SIA (Social Impact Assessment) is not required for any of the projects undertaken by us during FY 2023.
| Details of negative social impact identified | Corrective action taken |
|---|---|
| Not Applicable | |
2. Provide the following information on CSR projects undertaken by your entity in designated aspirational districts as identified by government bodies:
| Sl. No. | State | Aspirational District1 / Aspirational Blocks2 | Amount spent (in ₹ Million) |
|---|---|---|---|
| 1 | Gujarat | Narmada | 14.6 |
| 2 | Madhya Pradesh | Chhatarpur | 30.5 |
| 3 | Maharashtra | Surgana (Nashik) | 27.4 |
1 1. out of 112 aspirational districts notified by NITI Aayog (Sl.
No. 36 as per list).
2. out of 112 aspirational districts notified by NITI Aayog (Sl.
No. 63 as per list).
2 3. The Aspirational Blocks Programme (ABP) is based on Aspirational
District Programme focuses on the development of the 500 most backward blocks of
the country.(Sl. No. 276 as per list of Aspirational Blocks).
3 (a) Do you have a preferential procurement policy where you give preference to purchase from suppliers comprising marginalized/vulnerable groups? (Yes/No)
No. Our suppliers are selected based on their performance on various parameters and standards including cost, quality, delivery, technology, and sustainability. Before being awarded a project, all suppliers must comply with the established sourcing guidelines. Also, we work with MSME suppliers to further on technical (technology aspects) and quality upgradation.
3 (b) From which marginalised/vulnerable groups do you procure?
Not applicable as answer to above question (a) is “No”.
3 (c) What percentage of total procurement (by value) does it constitute?
Not applicable as answer to above question (a) is “No”.
4. Details of the benefits derived and shared from the intellectual properties owned or acquired by your entity (in the current financial year), based on traditional knowledge:
| SI. No | Intellectual Property based on traditional knowledge | Owned/Acquired (Yes/No) | Benefit shared (Yes/No) | Basis of calculating benefit share |
|---|---|---|---|---|
| 1 | Nil | Nil | Nil | Nil |
5. Details of corrective actions taken or underway, based on any adverse order in intellectual property related disputes wherein usage of traditional knowledge is involved
Not applicable, as there are no adverse orders in intellectual property related disputes wherein the usage of traditional knowledge was involved.
| Name of authority | Brief of the Case | Corrective action taken |
|---|---|---|
| Nil | Nil | Nil |
6. Details of beneficiaries of CSR Projects:
| SI. No | CSR Project | No. of persons benefitted from CSR Projects | % of beneficiaries from vulnerable and marginalised group |
|---|---|---|---|
| 1. | Women Skill Development Project | 200 | 100% |
| 2. | Schaeffler India HOPE Engineering Scholarship Programme | 95 | 100% |
| 3. | Schaeffler Skill Development Center - Hosur, Phase II | 310 | 67% |
| 4. | Watershed Project Hosur (Jal Sanghamam) | 5,383 | 100% |
| 5. | Mobile Science Lab – Vadodara | 5,660 | 100% |
| 6. | Nitara project: Promoting livelihood for women and differently abled | 105 | 100% |
| 7. | Lok Vidhyalaya:providing holistic quality educational support - Phase II | 554 | 100% |
| 8. | Support to Mook Dhwani School - Phase II | 196 | 100% |
| 9. | Mobile Health Unit Phase II – Vadodara | 30,640 | 74% |
| 10. | Jal Jeevika - Watershred Project | 4,254 | 100% |
| 11. | Quest On Wheels - Heritage & Educational Trips | 2,378 | 100% |
| 12. | STEP Vadodara | 305 | 100% |
| 13. | Schaeffler Skill Development Center (STEP Center) – Pune | 209 | 79% |
| 14. | Energy-Efficient Cookstove Project | 38,866 | 100% |
| 15. | Mobile Health Unit – Talegaon | 13,891 | 94% |
| 16. | Wadi - Agro Horti Forestry Project | 2,400 | 100% |
| 17. | Pre-Vocational Education Programme in Govt. Schools | 1,985 | 100% |
| 18. | Mobile Science Lab – Hosur | 5,641 | 100% |
| 19. | Mobile Health Unit – Hosur | 5,003 | 100% |
| 20. | Community Development Project | 119 | 100% |
| 21. | Disaster Relief | 600 | 100% |
| 22. | Schaeffler Social Innovation Fellowship Programme | 10 | - |