CSR

While we strongly believe that our primary obligation or duty as corporate entities is to our shareholders – we are just as mindful of the fact that this imperative does not exist in isolation; it is part of a much larger compact which we have with our entire body of stakeholders: From employees, customers and vendors to business partners, eco-system, local communities, and society at large.

We evaluate and assess each critical business decision or choice from the point of view of diverse stakeholder interest, driven by the need to minimize risk and to pro-actively address long-term social, economic and environmental costs and concerns.

For us, being socially responsible is not an occasional act of charity or that one-time token financial contribution to the local school, hospital or environmental NGO. It is an ongoing year-round commitment, which is integrated into the very core of our business objectives and strategy.

Because we believe that there is no contradiction between doing well and doing right. Indeed, doing right is a necessary condition for doing well.

At Flying Group of Industries, the Corporate Social Responsibility (CSR) has been an integral part of the way we have been doing our business since inception. For more than 35 years, the Group’s CSR initiatives has played pivotal role in improving the lives of the communities and society at large and in & around our operations with an objective to energize, involve and enable them to realize their potential. This has also enabled us to fulfill our commitment to be a socially responsible corporate citizen.

Flying group instead is committed to create a shared and sustainable value for all stakeholders and act as a responsible partner, to contribute to effectively improve the quality of life of the members of its workforce, their families and the communities around its operations. This commitment also extends to conducting business consistent with sustainable development principles in its operations, as well as with its suppliers and customers.

1. Our Vision and Mission:

Our vision is to be the most sustainable and competitive group in Pakistan. Our mission is to create delighted customers, inspired employees, enlightened partners, energized society, and ensure a cleaner environment and safety for all.

2. Our Objective:

The main objective of FGI’s CSR policy is

• To lay down guidelines to make CSR a key business process for the sustainable development of society.
• To directly/indirectly undertake projects/programs, this will enhance the quality of life and economic well-being of the communities in and around our plants and society at large.
• To generate goodwill and recognition among all stakeholders of the group.

3. Our Responsibilities:

Towards our communities:

We will involve communities surrounding our operations to bring about a positive change in their lives through holistic, sustainable and integrated development.

Towards our Customers:

We will build gainful partnerships with our customers to understand their needs and provide the right product and service solutions. We will adopt and actively encourage the best and fair business practices and shall endeavor to build solid bonds with them.

Towards our Business Partners:

We will support our suppliers to cultivate ethical and fair business practices and give preference over others to those who demonstrate this.

As a Corporate Citizen:

We reaffirm our commitment to conduct our business with environmental accountability. We will endeavor to adopt environment-friendly technologies and energy efficiency in our operations while continuously monitoring and reducing emissions.

Towards our Employees:

1. We will foster a work culture with high ethical principles and standards and encourage our employees to perform with total integrity, commitment and ownership. We will do all we can to support their professional growth and recognize high achievers.

2. We value diversity and promote a workplace that is inclusive, fair and which fosters respect for all employees. We respect workers’ rights, promote equal opportunities in recruitment, employment, promotion, development, compensation and retention and treat our workforce with dignity and respect.

3. We will continue to raise the bar with our Health & Safety standards and guidelines. We recognize that our employees and contractors deserve to work in a safe and healthy work
Environment and will make it our responsibility to ensure zero harm to people.

4.CSR Mainstay:

We promote social engagement and relationships with stakeholders based on mutual respect. A Stakeholder Engagement Plan (SEP) will be developed at our operational sites with an aim to build and maintain constructive relationship with stakeholders.

5.CSR Activities:

The scope of the CSR activities of the Company will cover the following areas but not limited to the same and may extend to other specific projects/ as permitted under the law from time to time.

6. Exclusion From CSR :

The following activity shall not form part of the CSR activities of the Flying group instead

1. The activities undertaken in pursuance of normal course of businesses of a Group.
2. CSR projects/programs or activities that benefit only the employees of the Group and their families.
3. Any contribution directly/indirectly to political party or any funds directed towards political parties or political causes.
4. Any CSR projects/programs or activities undertaken outside Pakistan.
5. Any expenses incurred for the fulfillment of any Act/Statute or Regulations.

6. CSR Committee:

CSR Committee shall be formed as per the applicable laws and the committee shall be responsible for the implementation/monitoring and review of this policy and various projects/activities undertaken under the policy. The CSR Committee shall submit periodical reports to the board of directors.

7. Monitoring & Reporting:

The CSR Committee will be responsible for the monitoring CSR activities and report to the Board from time to time.

The CSR Committee has the powers to:

1. Seek monitoring and implementation report from the Organizations receiving funds.
2. Delegate a designated company official to co-ordinate with the Organization receiving funds to inspect the activities undertaken and ensure information in a timely manner.

A) Continuous Monitoring

• The Committee Members will receive in a prescribed format, a quarterly report of CSR spend.
• A presentation on the progress of the CSR projects I activities will be made to the Committee by the CSR Executives at the Committee meetings held from time to time
• An annual presentation will be made to the Committee which will also include the details of the projects/activities planned for the next year and its respective budgets.

ANNEXURE: DEFINITIONS

Donations:

Donations are voluntary one off contributions to an institution or organization where Flying group instead does not receive or expect to receive anything in return, except for donations given to Flying group instead which are meant for Strategic Social Investment. Donations can be monetary or in kind support, such as the supply of material.

Partnerships:

Partnership is an agreement with different organizations to cooperate to advance mutual interests. Partnerships increase the likelihood of achieving the company’s mission and to amplify its reach.

Stakeholder:

Stakeholders are all those who exercise or could exercise, influence over the activity of a site and all those who are, or could be influential/ impacted by the activity of a site.

Stakeholder Engagement:

Stakeholder engagement is the process used by the organization to engage relevant stakeholders for a purpose to achieve agreed outcomes. It is formalized in a Stakeholder Engagement Plan (SEP). SEP facilitates the site to clearly explain the benefits for the stakeholders from Flying group instead operations and enables stakeholders to raise their concerns. Engagement enables us to better understand the stakeholder issues and gain their trust in defining new project.

SEP includes mapping and prioritizing stakeholders, conducting consultations with internal and external stakeholders to consider, map and review risks relating to FGI’s operations, developing and defining an activity for each stakeholder and a mitigation plan for each risk identified, and implementing the defined SEP according to the local context. Community Advisory Panel is a formal structure of a cross section of Stakeholders that meet regularly to discuss diverse topics and would be an integral part of SEP.

Strategic Social Investment:

It is a way to promote local development and benefit stakeholders where we operate. It is a long term initiative coordinated and executed. Flying group instead does not expect or receive a business or financial advantage in return (non-profit oriented).