CSR Policy

Education : Education is considered to be the backbone of any society. It brings about powerful social change and is the key to building a society that can develop in a sustainable manner. In our society, education is still unaffordable for many families and children miss out on this crucial developmental tool due to this. It is to bridge this gap, even in a small way, that the Company wants to focus on Education while implementing its CSR activities. Geojit will work along with registered NGOs as well as Educational Institutions in this regard. While on the one side the Company will look towards facilitating basic education for children who can’t afford it, it would also focus on other educational activities that help develop special skill sets that enable individuals to be equipped to take up employment in specialized fields. In this respect the long term goal would be to enable development /training of individuals in being equipped to be productively employed in the financial services sector. Education also includes imparting training to individuals in civic sense, personality development, humanitarian values etc. which result in the all round development of the individual and create resourceful and responsible citizens. Projects that focus on such areas will also be considered eligible to be included under CSR of the Company.

Health : The Company aims at focusing part of its CSR activities to providing health care to those living in and around the location of its offices and are affected by chronic diseases. A chronic condition is a human health condition or disease that is persistent or otherwise long-lasting in its effects. Common chronic diseases include cancer, Alzheimer’s, heart disease, HIV/AIDS etc. Changing lifestyles and food habits have increased the prevalence of these diseases. A report by Price Waterhouse Coopers predicts that the proportion of deaths from such maladies nationwide (in India) will skyrocket from 53% in 2005 to nearly 67% in 2020. For obtaining medical care in such cases people have to often shell out vast amounts towards cost of medicines, hospitalization/surgeries etc. and this may be way beyond the means of the poor and deprived strata of our society. To make matters worse, a large segment of people are not covered by medical insurance. Many times such expenses drive families to revert to distress financing which impoverishes them and ultimately drives them to poverty. To make a difference in this context, at least to the society in its neighborhood, the Company will provide health care support to such persons. The Company believes in the adage that a healthy society is a happier and more productive society and a key driver of economic growth.

Environment : When economy prospers and cash flow increases, the pace of urbanization, industrialization and use of resources, too, witness a steady rise and India is no exception. This has been evident as issues like environmental pollution, water scarcity and rising temperatures have caught national attention, calling for immediate action to adopt a more sustainable economic model. It is therefore a critical need to protect our flora and fauna and reduce the harm that are done to our ecosystem. In the last few decades we are witnessing a steady extinction of natural resources. Conservation of biological diversity is of paramount importance for the survival of mankind, plants and animals. Though it is everyone’s responsibility to take care of the environment, Corporates with the resources available to them can undertake this responsibility in a highly organized manner. The Company has felt this as an acute need and plans to support environmental protection activities such as maintenance of public parks. Open Parks with recreational facilities that are accessible to persons of all ages and for those with disabilities provide health, enjoyment and well-being and provide a sense of public pride and cohesion. Parks are proven to improve water quality, improve the quality of the air we breathe, provide vegetative buffers to development, produce habitat for wildlife, and provide a place for children and families to connect with nature and recreate outdoors together. It will serve as a place for games, special events such as arts, music, and holiday festivals.

Social Inclusion : Social Inclusion has become a bit of a buzz-phrase in society today. It is defined as the process of improving the ability, opportunity and dignity of the marginalized and disadvantaged such as the differently abled people and senior citizens. As per the Ministry of Statistics, 8.6% of the population in India are senior citizens above the age of 60 and 2.21 % are differently abled. Even though there are various social welfare schemes and programs, still most of population are not integrated into the society. In this context, Corporates can play a significant role for the upliftment of this population either directly or indirectly. Considering this, the Company intends to support the institutions engaged in their upliftment and also through NGOs, so that they can lead a better quality of life.

Mode of Implementation : The Company shall execute its CSR activities directly, through registered NGO’s (with at least 3 years track record), through Government agencies and/or in collaboration with its subsidiary companies.

CSR Management Committee : The Managing Director shall constitute a CSR Management Committee for identifying CSR projects and coordinating the CSR activities approved by the Board level CSR Committee. The Committee shall be headed by the Managing Director and shall meet once a month to review and plan the activities. The CSR Management Committee shall be mainly responsible for :