TKM Report 2021

Foundation to good governance TKM has drafted detailed CSR Standard Operating Procedures to ensure transparency and accountability, till the last mile implementation of our CSR initiatives. TKM follows established monitoring systems to track the progress of CSR programmes on ground. With the help of technology platform, the progress status of our programmes is made available to all stakeholders. As per the SOPs, all programmes are reviewed on monthly basis by the functional head and quarterly basis by the CSR committee members. TKM also conducts impact assessment studies at required intervals to measure the change created through our interventions, and to take cues if any course correction is required to arrive at the desired social impact. Toyota Kirloskar Motor believes that good governance is pertinent to the ethical functioning of a company. Our company values, code of ethics and internal control systems are aimed at striking a balance between our Economic, Environment and Social goals; echoing our commitment to this belief. At TKM, the Board of Directors constitute the highest governing body, which operates at the pinnacle of our organizational structure. For delivering upon our Corporate Social Responsibility, we have a CSR Committee constituted through a board resolution. The CSR Committee is the focal agency which guides TKM in the implementation of our CSR programmes, whereas our CSR team ensures the implementation of CSR programmes on ground. We achieve our CSR objectives by adopting one of the following pathways: Direct programme implementation Collaborating with implementation partners for programme execution Making direct contributions to any Schedule VII Fund, set up by the Government, as it may deem suitable 01 02 03 Annual Report 2020-21 8