CSR Mission Statement
At IndusInd Bank we believe that 'Good Ecology is Good Economics'. We will continue to create value for all our stakeholders and emerge as a 'Best-in-Class' Bank that is committed to sustainable economic growth. We will ensure that the Bank's business grows consistently and responsibly, benefitting those we directly serve while also promoting the well-being of our employees, our natural environment and the community at large.
We recognize our on-going commitment to engage with our stakeholders to be a crucial and powerful tool for the way we conduct business. We will pursue a process of continuous improvement of our CSR policy and practices. Our vision is to be trusted, valued and respected for our financial, environmental and social performance. We will be guided by the principles outlined in the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGSEE) and the UN Global Compact as listed below:
- Strengthen our governance framework with ethics, transparency and accountability
- Provide value to consumers through effective stakeholder engagement
- Promote gender equality, diversity and wellbeing of all employees
- Respect the protection of internationally proclaimed human rights
- Engage with Government and Trade & Industry Associations on national and international platforms
- Build inclusive, healthy and sustainable communities
- Undertake initiatives to promote greater environmental responsibility
- Communicate our CSR objectives and goals to all internal and external stakeholders.
- The CSR Department will attend to all activities related to CSR. Consultants with required competency and experience may also be hired from time to time.
- The CSR Department may take up projects directly or through any reputed NGOs, having specific domain knowledge and work experience for a minimum period of 5 years, and/or any other agency/respective district authorities, as may be decided with the approval of the CSR Committee of the Board.
- Initiatives and projects will be selected based on their relevance to the Bank's selected areas of focus and their alignment with the guidelines provided under Schedule VII, Section 135 of the Companies Act, 2013.
- Projects will be regularly monitored by the CSR department which will also be responsible for holding quarterly reviews with the relevant Implementing Agencies, if any.
- The CSR Committee of the board shall meet annually to review project progress and revise the CSR policy as needed. Additional meetings may be called for by any member of the committee or on the recommendation of the CSR Department.
- All CSR activities and expenses made thereon will be subject to audit by the Company's Auditors.
*Surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the company.