CSR Activities
Mission
To promote the inclusive and sustainable delivery of infrastructure services
Strategy
To fund replicable business models focused on infrastructure delivery to the underprivileged and disadvantaged communities in India
Corpus
Budgetary allocation from out of PAT
At IDFC, we are focused on making our business practices more socially and environmentally responsible. We respect the Universal Declaration of Human Rights and seek to be guided by its provisions in the conduct of our business. We ensure that our business is conducted with honesty and integrity, maintaining rigorous ethical, professional and legal standards.
We are committed to providing a competitive and fair employment environment and the highest standards of health and safety to all our employees. We strive to be a good corporate citizen and work through our Not for Profit Businesses to achieve these objectives.
Our not for profit businesses consist of three distinct verticals; the Capacity Building Trust, Policy Advisory Group and the Corporate Social Responsibility Group, which also manages the Inclusive Infrastructure Fund.
Capacity Building Trust »
This Trust works with government agencies at the Central & State levels to strengthen their capacity to conceptualize tenders and manage Public Private Partnership projects. Their assignments include two joint ventures with the Governments of Karnataka & Uttaranchal.
Policy Advisory Group »
The Policy Advisory Group provides thought leadership in rationalizing government policy and regulatory frameworks. This includes research, identifying best practices, promoting dialogue on issues relating to infrastructure development in India and related environment and social impacts.
Corporate Social Responsibility »
The Corporate Social Responsibility Group works across various functions on the IDFC platform. Its aim is to ensure that the Company is continually working toward ensuring that its business processes and that its practices are aligned with defined values and commitments.
- Environment Management and Social Development Group: We work toward rigorous environment & social due diligence and benchmarking our investments against best practices.
- Administration: We implement the Internal Environment Policy and develop policy and implementation strategy that ensures the highest standard of Health & Safety for all employees.
- Human Resources: We work toward developing and implementing a Code of Conduct and fair & non-discriminatory employment practices. We instigate a culture of volunteering amongst employees, which is a key to IDFC emerging as a good corporate citizen.
- Policy Advisory Group: We promote advocacy on inclusive infrastructure delivery and sustainability issues and work towards catalyzing dialogue amongst stakeholders through advocacy and providing thought leadership in the space.
Through IDFC Foundation, Corporate Social Responsibility is centered on making our business practices more socially and environmentally responsible. Instead of focused on philanthropy, we have chosen to throw the spotlight on integrating sustainability into business. Internally, even though the Company’s operations do not have a significant environmental impact, we will strive to minimize it and reduce the carbon footprint of our operations through resource efficiency and conservation.
The Group is continuously incorporating and integrating sustainability into all our interactions with stakeholders, both internally and externally, evolving and responding to changes and working toward a long term goal. This is achieved through the following:
- Addressing the environmental risk of our investments - IDFC is committed to meeting and developing international best practices in addressing the environmental risk of each of our investments. We have a dedicated Environment Management and Social Development Group working with customers to ensure that all IDFC-funded projects meet our benchmarked standards.
- Internal Environment Policy - Given the nature of business at IDFC, we do not have a significant impact on the environment from our direct operations (other than energy use and travel for business). The Internal Environment Policy will strive to reduce our carbon footprint across the group's operations through resource efficiency and conservation.
- IDFC is a Signatory Investor to the Carbon Disclosure Project
- IDFC is a Signatory to the UN Global Compact and will ensure that all our activities meet our benchmarked environmental and social standards.
- IDFC's Funds Initiatives is the first Indian Signatory Investor to the UN Principles for Responsible Investing (UNPRI)
The Corporate Social Responsibility Group will also focus on increasing the environmental and social sensitivities of all our employees, maintaining our reputation for ethical and fair business practices and improving transparency in our interactions with our stakeholders. Through our Inclusive Infrastructure Fund, we will contribute to society by leveraging our core infrastructure expertise in three distinct ways:
- Giving unbiased, pro bono policy advice to Government on key infrastructure-related policy issues
- Building capacity within Government in procuring and managing public-private partnership infrastructure projects
- Funding and supporting inclusive infrastructure enterprises or projects that directly impact the underprivileged and / or disadvantaged communities in India and have the ability to scale up or replicate.
