HUDCO, since its establishment in 1970, has focused its activities on providing affordable housing to the economically weaker sections and low-income groups as well as providing basic infrastructure facilities for improving the quality of life of the citizens, especially the poor and the marginalized. Being committed to its contribution to the society as a whole, HUDCO’s activities have constantly been guided by its Corporate Social Responsibility & Sustainability.
Although HUDCO has been periodically undertaking various CSR & Sustainability activities, including significant disaster rehabilitation efforts, towards having a formal structured CSR policy and thrust areas in line with provisions of Companies Act 2013, HUDCO has created an exclusive budget earmarking a part of its net profits for activities under Corporate Social Responsibility (CSR). The activities under CSR from this exclusive budget are regulated by duly approved CSR Policy of HUDCO.
- Policy
CSR Policy of HUDCO means a statement containing HUDCO’s approach and direction given by its Board, taking into account the recommendations of its CSR Committee, and includes guiding principles for selection, implementation and monitoring of activities as well as formulation of the annual action plan”.
- Objective & Vision
The main objective of HUDCO’s CSR Policy shall be the Corporation's continuous commitment to operate in economically, socially and environmentally sustainable manner in consultation with its stake holders so as to ensure upliftment of the marginalized and under-privileged sections of the society to promote inclusive socio-economic growth, empowerment of communities, capacity building, environment protection, promotion of green & energy efficient technologies, development of backward regions by specially focusing on the projects relating to habitat sector & benefit of poor.