REC joins hands with UNFPA for CSR initiatives -Governance Now

REC joins hands with UNFPA for CSR initiatives

The projects will be implemented and financed through REC Foundation

GN Bureau | February 7, 2018

#UNFPA #CSR #REC #PSU #Rural Electrification Corporation

To support various CSR innovative projects across the country, Rural Electrification Corporation Ltd (REC) and United Nations Population Fund (UNFPA), India have signed an agreement of Rs 32.84 crore.

The projects will be implemented and financed through REC Foundation—a society established to undertake CSR initiatives.

The cluster of REC-UNFPA projects will address important issues like adolescent health, girls’ empowerment, life skills for adolescents, reproductive health, and rehabilitation of young people in conflict-impacted areas. Ensuring these projects have a large footprint, there will be backward and forward integration into flagship government programme at the national and state levels.

UNFPA representative, Diego Palacios said that, “a strategic linkage to long-term programmes is essential to raise the sustainability quotient of CSR projects. Our close association with the government, large NGOs and national and international
development agencies helps connect the dots”.

CMD REC, P V Ramesh, said, “Corporate India’s commitment towards social development does not begin and end with providing funds for social responsibility. We are equally responsible for ensuring high return on investment on this part of our investment too. Our partnership with UNFPA will help usher in best-in-class standards into the way we plan, fund, monitor and evaluate CSR”.

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