REC and UNFPA join hands for CSR initiatives in India
REC LIMITED (Formerly Rural Electrification Corporation Limited). (RECL) and United Nations Population Fund (UNFPA) India signed an agreement of Rs. 32.84 crore to support a range of innovative projects across the country under CSR initiatives of REC. The projects will be implemented and financed through REC Foundation, a Society established to undertake CSR initiatives of REC Ltd.
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.
Mr. Diego Palacios, UNFPA Representative, pointed out 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”.
Dr. P.V. Ramesh, CMD REC, 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”.