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|1||Mr. Dipak Gupta Director||Chairman|
|2||Mr. Prakash Apte, Independent Director||Member|
|3||Mr. Gaurang Shah, Director||Member|
|Document Reference No.||PARM/20-21/06|
|Document Issue Date||29/04/2020|
|Process Owner||Compliance Team|
|Prepared by||Rohit Rao||Whole Document||Chief Communication Officer and Head Corporate Responsibility & CSR, Kotak Mahindra Group||20/04/2020|
|18/04/2016||V.1.1.1||Neha Mathur|| Whole
|This policy has been approved in the 79th Board Meeting dated 03/02/2015. Post which, it has been reviewed in the 81st Board Meeting dated 28/07/2015. Post which, it has been reviewed in the Board Meeting dated|
|20/04/2020||V.2.1.1||Rohit Rao|| Whole
|Entire policy revamped
to bring it in sync with
the Kotak Group level
This policy has been reviewed by Board in its meeting dated 29/04/2020
KLI’s CSR Policy is within the scope of the CSR mandate as specified under section 134, section 135 read with schedule VII of the Companies Act and as per the Government of India’s notifications issued from time-to-time.
This policy is to be reviewed every year by CSR Committee and the Board of Directors.
To improve the quality of life of the communities through positive impacts on economic, social and environmental parameters and in alignment with India’s social development objectives and SDG goals.
To create a lasting value for communities in need by promoting and supporting education, livehood, healthcare, sports and environmental and sustainable development initiatives and others including reducing inequalities faced by socially and economically backward groups, relief and rehabilitation, and interventions towards an educated, employed, healthier and a cleaner India with the aim to serve communities at large and to transform their lives, in a collaborative manner by partnering with internal and external stakeholders.
“कर्म“ in Sanskrit means performing duty – action, without underlying expectations or returns
कर्मण्येवाधिकारस्ते मा फलेषु कदाचन |
मा कर्मफलहेतुर्भूर्मा ते सङ्गोऽस्त्वकर्मणि ||
Karmanye VadhiKaraste Maa Phaleshu Kadachan, Maa Karmaphale HeturbhuMaar Te Sangostva Karmani
Meaning: You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. Never consider yourself to be the cause of the results of your activities, and never be attached to not doing your duty. Source of the Shloka: Shrimad Bhagwat Gita, Chapter 2, Verse 47
The Company is committed to:
KLI’s CSR Programme will be implemented significantly through Kotak Education Foundation (KEF) but will not be limited to KEF.
Given the enormity of India’s social development requirement, KLI will either directly implement all its CSR projects and programmes, and /or partner* with selected partners who may be either governmental agencies, NGOs and/or other institution, for implementing projects and programmes who have a proven track record to implement cost and process efficient CSR projects and/or programmes that are scalable, sustainable, and have measurable social outcomes and impact.
Further, KLI through its present and past employees, and stakeholders will also implement projects and programmes by procuring products and services directly from vendors and market at large.
[*Partner in the CSR context means KLI joining-hands (partner) with an NGO to implement its CSR Programme i.e., KLI’s CSR Programmes will be funded by KLI (thus, CSR funding partner) and implemented by/through the partner (thus, an implementing partner). It is clarified that KLI’s responsibility and liability is restricted to impact outcomes of its CSR Programmes only and in no manner will KLI be responsible or held liable for any acts of omission and commission, and such other civil and criminal liabilities]
Charitable bodies in the form of KEF, government agencies, Not for Profit Organisations (NPO), trust, foundations, companies under section 8 of the Companies Act (previously companies under Sec 25 of the Companies Act, 1956) and such other agencies who work in the interest of the community in this space. As per development sector practice and for convenience, KLI will refer to all its implementing partners as NGOs unless otherwise specified in this CSR Policy.
While KLI will endeavour to implement its projects and programmes in the area where it carries on its business and operations, with due approval of the KLI’s Board CSR Committee (CSR Committee) and the Kotak’s Board of Directors (Board), KLI may also implement its CSR programmes and/or projects either directly or with partner NGOs within the geography of India to serve and support the needy people (children, youth, women, war widows, war veterans, elderly, and the differently-abled including school and college dropouts or anyone who never had any formal education (illiterate), destitute, homeless) and/or towards nation building.
KLI has defined CSR Focus Areas to make a concerted effort to achieve a meaningful and measurable social impact. On a case-to-case basis, the CSR programmes and/or projects which are outside KLI’s defined four CSR Focus Areas but are eligible CSR activities section 135 read with schedule VII of the Companies Act, 2013 along with the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time and in line with the Government of India’s notifications issued from timeto-time, and as may be approved by the CSR Committee.
Through its CSR focus area - Education & Livelihood, KLI will endeavor to enhance the accessibility and affordability of quality education for deserving underprivileged sections of society including special education for the differently abled children and youth.
KLI’s programmes and/or projects on Education will focus on providing financial and other resource support to educational institutions comprising infrastructure, buses, scholarships and coaching to children, teachers, headmasters, principals, administrators and trustees and parents and guardians to cater a holistic learning environment for children at school and home. The activities will also include providing mid-day meals and creating relevant infrastructure such as specialized food delivery vans, utensils, kitchens, warehouses etc. and other required nutrition and health related support to the children.
KLI’s Livelihood programmes and/or projects will work towards imparting vocational skills and development training courses to children, youth, women, war widows, war veterans, elderly, and the differently-abled including school and college dropouts or anyone who never had any formal education (illiterate) through technical, soft and trade and commerce skills which will help them earn a livehood and/or enhance their livehood in rural, semi urban.
KLI may also undertake any other programmes and/or projects which would focus on the education sector and/or livehood sector, as may be approved by the CSR Committee.
Through its CSR focus area – Healthcare, KLI will undertake projects and programmes directly and/or through implementing partners working in the healthcare and sanitation domain including but not limited to improving access to healthcare facilities by providing ambulances, screening vans and mobile health units etc.
KLI will undertake projects and programmes in the fields of healthcare, sanitation, eradication of hunger and malnutrition, and provision of access to safe drinking water. The CSR projects and/or programmes will aim to provide preventive and curative care and also palliative care, health check-up camps to various age groups to spread awareness for prevention and cure of cancer, HIV/AIDS, tuberculosis, malaria, and other communicable and non-communicable diseases and illnesses. KLI will also undertake projects and programmes to sensitize communities on personal and community health and hygiene. To give life a fighting chance, KLI will promote, encourage and implement blood and organ donations.
KLI may also undertake any other programmes and/or projects which would focus on the healthcare sector, as may be approved by the CSR Committee.
Through its CSR focus area – Environment and Sustainable Development, KLI will partner with NGOs working in the area of maintaining ecological balance, protection of flora and fauna, animal welfare, agriculture, agro forestry, forestry, conservation of natural resources and maintaining quality of soil, air and water.
KLI will also invest in projects and programmes for water conservation, rain water harvesting, adopting green technologies, waste reduction and recycling including effluent treatment, and reusing (3Rs) and promote, encourage and use alternate energy. Further, KLI will undertake projects and/or programmes with NGO partners that are committed to and work in areas of Environmental, Social and Governance (ESG), Sustainability, SDGs and CSR either through direct activities or in the form of advisory, policy advocacy and stakeholder awareness programmes either directly or with eligible institutions under the CSR mandate.
KLI may also undertake any other programmes and/or projects which would focus on the environment and sustainable development sector, as may be approved by the CSR Committee.
A significantly high percentage of Indian children and youth are from the underprivileged and less privileged segment where basic education and sports education including training and coaching is not available. Sport is an activity for children and youth, and is often used as a draw card to recruit children and young people to health and education programmes. Sport development projects that focus on educational outcomes use sport as a means to deliver educational messages to participants and spectators in some cases.
The United Nations (UN) is using sport and games related projects and programmes to encourage young people, particularly girls and young women, to attend school within refugee camps across the world. The United Nations Children's Fund (UNICEF) also lays strong emphasis on ‘sport’ while campaigning for girls’ education, promoting education through events and other awareness campaigns.
India has a severe dearth of training and coaching facilities for sports training for the underprivileged
and less privileged segment. Through its CSR Programme on Sports, KLI will either directly or
with/through NGOs impart training and coaching programmes as well as work towards development of
infrastructure and training facilities to enable children, youth and adults who cannot play get training
opportunities for them to take up rural sports, nationally recognised sports, international and world
championships, Olympics and Para Olympics.
KLI may also undertake any other programmes and/or projects which would focus on the sports sector, as may be approved by the CSR Committee.
KLI’s priority will be to implement CSR projects and programmes which come under CSR Focus areas as defined in this CSR Policy statement, but it will not be restricted to these defined CSR focus areas only. On a case to case basis, KLI may also consider undertaking CSR programmes and/or projects on CSR focus areas which are eligible under section 135 read with schedule VII of the Companies Act, 2013 along with the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time and in line with the Government of India’s notifications issued from time-to-time and as may be approved by the CSR Committee.
|CSR Project Unique ID||CSR Focus Area/ CSR Project||Implementing Partner / Direct Implementation||CSR Project -Other than ongoing /Ongoing||Location|
|01||Education & Livelihood||Kotak Education Foundation||Other than Ongoing||Mumbai||Maharashtra|
|02||Healthcare||Wockhardt Foundation||Other than ongoing||Kolkata, Bangalore and Chennai||West Bengal, Karnataka and Tamil Nadu|
|03||Relief & Rehabilitation COVID-19||Annamrita Foundation||Other than ongoing||Mumbai||Maharashtra|
|04||Relief & Rehabilitation – COVID-19||Direct Implementation||Other than ongoing||Chennai, Coimbatore, Madurai & Thanjavur Baidyabati||Tamil Nadu and West Bengal|
|05||Healthcare||Eastern India Heart Care & Research Foundation||Ongoing||Kolkata||West Bengal|
|CSR Project Unique ID||CSR Focus Area/ CSR Project||Implementing Partner||CSR Project -Other than ongoing /Ongoing||Location|
|KLI202122001||Relief & Rehabilitation – COVID-19||Direct Implementation||Other than ongoing||Kolkata||West Bengal|
|KLI202122002||Healthcare||Wockhardt Foundation||Ongoing||Kolkata, Bangalore and Chennai||West Bengal, Karnataka and Tamil Nadu|
|KLI202122003||Healthcare||Eastern India Heart Care & Research Foundation||Ongoing||Kolkata||West Bengal|
|KLI202122004||Healthcare||CanKids… KidsCan||Ongoing||Ahmedabad, Rajkot and Vadodara||Gujarat|