Community Development and CSR Policy
Titan Industries has a clearly defined policy for Corporate Social Responsibility (CSR). As part of the company’s CSR initiative, the manufacturing units of Watch and Jewellery Divisions at Hosur have acquired the certifications ‘ISO 9001: 2000 Quality Management System Standards’ and ‘ISO 14001:2000 Environment System Standard’ emphasising the efforts to be an ecologically responsible organisation.
The company’s diverse CSR initiatives include:
Children’s education
Enabling the disabled
Artisan parks
Women’s empowerment
Environment management programmes
Miscellaneous community initiatives
Community Development and CSR Policy
Titan Industries has a clearly defined policy for Corporate Social Responsibility (CSR). As part of the company’s CSR initiative, the manufacturing units of Watch and Jewellery Divisions at Hosur have acquired the certifications ‘ISO 9001: 2000 Quality Management System Standards’ and ‘ISO 14001:2000 Environment System Standard’ emphasising the efforts to be an ecologically responsible organisation.
The company’s diverse CSR initiatives include:
Children’s education
Enabling the disabled
Artisan parks
Women’s empowerment
Environment management programmes
Miscellaneous community initiatives
Titan Industries’ community initiatives are committed to build partnership for social development, focus on sustainable initiatives and improve the quality of life of the communities where the initiatives operate. With a dedicated force of 250 enthusiastic employee volunteers, the company has formed a Community Development Forum. This forum works towards mobilising society and volunteers to make the community initiatives a success. The company’s miscellaneous community development activities include orphanage support, HIV/Aids awareness, village adoption, vision improvement program, a program to provide work to rural unemployed women, community rehabilitation, tsunami relief work, eradication of child labour and environment protection, to name a few. The company has made a positive change in the lives of over 2000 people.
Corporate responsibility begins at home
Titan Industries believes that corporate responsibility begins with the employees. The company ensures that the harmony, peace and inclusive approach at work place are maintained. Efforts are made to engage the employees in programs designed to fulfil our ecological and social responsibility. Various work-place initiatives are conducted to achieve this: War on Waste - an initiative that reduced the impact of manufacturing operations on the environment. At Titan Industries, Corporate Social Responsibility is more than philanthropy - it is an internal process that reflects the soul of the company.
Successful CSR programmes:
Titan Industries has embarked on and completed several community development programmes as part of its CSR initiative. A few among these successful projects are:
Titan Scholarship - for students in Dharmapuri and Krishnagiri districts (Tamil Nadu), based on academic performance and socio-economic background for over 550 students form the economically backward section
Titan Township – a sustainable community in Hosur (Tamilnadu), that provides housing to 1300 residents collaborating with NGOs MCA and Ashraya
Employment - to over 120 physically challenged people
Karigar Park – a social entrepreneurship project with six parks, benefiting over 400 artisans
Titan School and Titan Foundation for Education - a primary school with over 550 students, expanding to classes IX and X with a provision to accommodate 160 more students
Meadow Project (Myrada) – a collaborated effort with self-help groups of rural women to provide gainful employment to more than 400 rural women in and around Hosur (Tamil Nadu)
Recognition of CSR:
As an appreciation of its significant contribution to the community welfare, Titan Industries has received the ‘President of India’s Award' for employing the disabled. Titan Industries, a signatory to the Global Compact, is a recipient of the prestigious ‘Helen Keller Award’ and the ‘Mother Teresa Award’. The company has also been ranked as one of the top four and top ten companies in the ‘Karmayog CSR Rating of India’s Top 500 Companies’ in December 2007 and 2008 respectively.
Other noteworthy awards for CSR include:
• FICCI-SEDF Award for Social Responsibility
• The Rotary Club of Bangalore Award for Corporate Citizenship
• The PHDCII Award for Good Corporate Citizenship
Ranked among the nation's best corporate citizens, Titan Industries is committed to take on the social responsibility and fulfil it with dedication.
