Nykaa's vision is to bring inspiration and joy to people everywhere, every day. This along with their Mission and Values are the DNA of their CSR agenda. From their founding days, giving back has been part of their journey. Over the years they have made strong strides with consistent efforts and a focus on underprivileged women and children. They aim to be an ally that inspires positive change in people and their communities as they believe this will go a long way in building a more inclusive India.
PURPOSE
The objective of CSR policy is to lay down the guidelines and mechanism to carry out CSR projects / programs by Nykaa and to report its CSR work in the format provided by the rules under the Act.
The key purpose of this policy is to:
i. Define what CSR means to them and the approach adopted to achieve our 3E goals.
ii. Identify broad areas of intervention in which the company will undertake projects
iii. Define the kind of projects that will come under the ambit of CSR
iv. Serve as a guiding document to help execute and monitor CSR projects
v. Elucidate criteria for implementation agencies This policy shall come into effect from the date of approval of the Board of Directors.
Policy Statement
Through their CSR program, Nykaa aims to be a champion of authentic self-expression and an ally that inspires positive change. The key philosophy centers around driving Empowerment and Inclusion for all. This includes the communities their business operates in, the underprivileged and marginalized - socially and economically, as well as society at large. Their ambition is to lay a CSR foundation that seamlessly ties in with our social voice and business behavior. Their intention and efforts will be to ensure programs that are Meaningful, Scalable, Sustainable and Timeless.
SCOPE
This policy applies to all their CSR projects of the company. On a periodic basis this policy will be reviewed and updated in line with relevant codes of corporate governance, and best practices. Furthermore, the policy also fulfils the requirements of Section 135 of the Companies Act, 2013.FOCUS AREAS FOR CSR
Inclusion will be a distinct lens for every CSR initiative Nykaa undertakes. Every program from Nykaa will aim to give voice and expression to outliers and bring balance through opportunity, financial or social support. They will identify and/or carve out specific areas of focus for their programs that will be at the cusp of:I. Upliftment and Mentoring of vulnerable age groups
With a specific focus on adolescent girls and boys, to help shape their idea of beauty, self-worth and individuality, they aim to create meaningful interventions in their formative years. This could be through the mediums of sports/ PE, specialized workshops on subjects such as body positivity and mental health counselling.II. Education, Skilling & Entrepreneurship
Facilitating inclusion through initiatives that offer equitable quality education and skilling for different age groups and societal groups. This can include education , financial literacy, skills training, STEM education, scholarships, mentorship programs for women entrepreneurs and more.III. Access to healthcare
Improving health outcomes through improved accessibility, awareness and delivery of healthcare. Initiatives can address specific health issues that impede the economic and social inclusion of individuals. These include programs for rehabilitation of the specially-abled and aiding their inclusion in the workforce, sexual and reproductive health with a specific focus on menstruation awareness and post-natal support, mental health & wellbeing.IV. Sustainability and environmental responsibility
Focus on initiatives directed towards biodiversity, conservation of resources, renewable energy and ecological balance. They will begin by focusing on geographies around their business operations such as warehouses and manufacturing units.Over and above these, from time to time, on need and criticality basis they will review additional CSR activities which are prescribed under Schedule VII of the Companies Act 2013, such as:
I. Relief funds:
Contribute to government relief funds like Prime Minister’s National Relief Fund, Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other central government or state government fund specifically devoted for disaster relief and rehabilitation.II. Armed forces welfare:
support armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows.III. Research & technology:
Support to research institutions and technology incubators in Central Government approved academic and research institutions.IV. National heritage:
Protection of national heritage, art and culture.V. Sports:
Promote sports in all forms, geographies and for all groups including (but not limited to) sports for persons with disabilities.They have constituted a robust and transparent governance structure to oversee the implementation of our CSR Policy, in compliance with the requirements of Section 135 of the Companies Act, 2013.
The CSR Activities Undertaken By Nykaa
#INTHISTOGETHER
During the COVID-19 global pandemic, Nykaa joined hands with PM Cares Fund to help the citizens of our country. They encouraged their customers to donate in order to enhance research, strengthen disaster management, provide essentials to medical staff and build capacities for quick emergency responses. They matched the amount donated by our customers to play their part in helping those affected by the outbreak. During the second wave of the COVID-19 pandemic, They contributed to the 'Give India Foundation' to provide medical essentials to hospitals in Maharashtra. They worked towards arranging the medical equipment such as N-95 masks, PPE kits, sanitisers, pulse oximeters in the hospitals.#CELEBRATING WOMEN'S DAY
CELEBRATING WOMEN'S DAY Nykaa joined hands with the Society for Nutrition, Education and Health Action (SNEHA), a non-profit organization, which focuses on various areas such as maternal healthcare, child nutrition, prevention of violence and women empowerment!#BEAUTY WITH BENEFITS - EMPOWERING WOMEN FOR
A BEAUTIFUL FUTURE
Nykaa supported the Planning Rural-Urban Development through Education (P.R.I.D.E India), a non-governmental organization, in their Joy of Giving Week campaign and contributed towards the programme focused on providing home salon skills training to rural women and girls in the Raigad district of Maharashtra.
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