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Corporate Social Responsibility

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.

1. Composition of the CSR Committee:

Below is the composition of the CSR Committee of the AMC:

Name of DirectorMember/Chairman
Mr. Naved MasoodChairman
Ms. Preeti ReddyMember
Mr. Nimesh ShahMember

2. CSR Policy

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, sanitation, 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/about-us/corporate-social-responsibility.pdf

3. Projects approved under the CSR Plan for financial year 2022-23

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 FY2023, the AMC intends to carry out its CSR activities in the areas of skill development and sustainable livelihood along with education, healthcare, eradicating hunger and malnutrition, environment and other social causes and activities for the benefit of armed forces veterans, war widows and their dependents, either directly or through ICICI Foundation. The details of the projects are given hereunder:

Focus AreaDetails of Projects
Skill development, sustainable livelihood and promoting financial literacy

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.

Education, Health care, Environment and other social causes

The Company may also undertake other social and environmental projects like tree plantation, protection and ecological promotion including watershed activities/rain water harvesting, solid waste management, supporting the projects relating to providing education to the underprivileged children, providing nutrition to the kids, projects/initiatives for old age homes or such other facilities for senior citizens.

The Company may also provide healthcare equipment and/or infrastructure set up for hospitals and healthcare institutions, provide subsidised healthcare to underprivileged sections of the society and conduct COVID-19 vaccination programme for children.

The Company may also provide financial and logistical support for specific needs such as during disasters/ calamities/pandemics/epidemics.

Activities for the benefit of armed forces veterans, war widows and their dependents

The Company may also undertake or support or contribute by way of contribution to Palliative Care Centers established for Serving Personnel, Paraplegic Rehabilitation Centers (PRC) organized to empower and rehabilitate ex-servicemen, Lifelong medical care and rehabilitation of the ex-servicemen and support for education of children of armed services personnel.

The Company shall undertake aforesaid activities directly.