By Our Business Affairs Bureau
BHUBANESWAR: Indian Metal Ferro Alloys Ltd (IMFA) receives “Economics Times-KPMG – 2-GOOD 4-GOOD” Corporate Social Responsibility Distinction in Corporate Governance, Strategy and Reporting (2015-16).
On behalf of IMFA, T C Hota,Executive Vice President,BIPF (CSR arm of IMFA) received the certificate of commendation from Mr. Jaco Cillier, Country Director UNDP, at a formal function held at New Delhi on 19/July/2017.
The Economic Times, along with KPMG in India as a knowledge partner has created “The ET 2 Good, 4 Good”, which is a certification scheme that certifies organizations based on their CSR performance, CSR processes and systems. This is the first instalment of CSR rating thatthe Economic Times and KPMG have developed as the gold standard of the good work done in CSR domain by corporates.
The recognition was provided after going through a meticulous evaluation and scrutiny process. The ratings were provided based on the weightage on level of CSR spend, high overall performance score and minimum cut-offs in each of the pillars.
The evaluation procedure involved a rigorous study and scoring of each filled-in questionnaire of the respective companies by a dedicated team of consultants at KPMG as per signed-off process and scoring guidelines. Thereafter, a high powered jury comprising of eminent personalities associated with corporate boards, academia and policy makers vetted the evaluation process and individual scores.
This certificate is a recognition of IMFA’s culture and committment towards social transformation and its continued effort at upholding the decades old IMFA legacy of ‘touching lives beyond business through‘ its CSR initiatives.