CSR has been a long-standing commitment of the ICICI Group (the Group) and forms an integral part of the CSR Activities undertaken by the AMC. The objective of the AMC is to pro-actively support meaningful socio-economic development in India and enable a larger number of people to participate in and benefit from India’s economic progress either directly or through implementing agency. The CSR Activities of the AMC are primarily undertaken through ICICI Foundation for Inclusive Growth (ICICI Foundation) established in 2008.
Below is the composition of the CSR Committee of the AMC as on March 31, 2021:
|Name of Director||Member/Chairman|
|Mr. Naved Masood||Chairman|
|Ms. Vibha Paul Rishi||Member|
|Mr. Nimesh Shah||Member|
The Corporate Social Responsibility Policy (CSR Policy) of the AMC sets out the framework guiding the Company’s CSR activities. The Policy also sets out the rules that need to be adhered to while taking up and implementing CSR activities. The AMC’s CSR activities are largely focused in the areas like skill development and sustainable livelihood, education, financial inclusion, health care, providing support for natural calamities and disasters, etc.
The CSR Policy of the AMC is approved by the Board of Directors of the Company and is updated on the website of the AMC. Web-link to the CSR Policy of the AMC: https://www.icicipruamc.com/docs/default-source/default-document-library/csr-policy_april-2021.pdf
The CSR Activities of the Company are undertaken in accordance with the CSR Annual Action Plan approved by the Board of Directors of the Company for each financial year. As per the CSR Annual Action Plan for FY2022, the AMC intends to carry out its CSR activities in the areas of skill development and sustainable livelihood along with education, healthcare, environment and other social causes either directly or through ICICI Foundation. The details of the projects are given hereunder:
|Focus Area||Details of Projects|
|Skill development, sustainable livelihood and promoting financial literacy||ICICI Foundation, through its ICICI Academy for Skills or through any other mode, undertakes skill development. The ICICI Academy for Skills (ICICI Group Initiative) has been set up across the country to provide job-oriented skill training to youth and selected category of people. Several centres have been set up across the country.
As part of their skill development program, ICICI Foundation also has a program for training youth and other categories of people to become financial services entrepreneurs. Under this initiative ICICI Foundation shall provide training and skill building support to selected persons.
ICICI Foundation may also promote Financial Literacy and Financial Counselling
To view the activities undertaken by ICICI Foundation, click here (https://icicifoundation.org/ )
The Company may undertake aforesaid activities directly also.
|Health care, Environment and other social causes||The Company may also undertake other social and environmental projects like tree plantation, supporting the projects relating to providing education to the underprivileged children, projects/initiatives for old age homes or such other facilities for senior citizens.
The Company may also provide financial and logistical support for specific needs such as during disasters/ calamities/pandemics/epidemics.