Csr Rating - Axis Bank 712o

CSR Ratings Levels Necessary Criteria

Explanation

Rating Level

If undertaking any CSR Activity

CSR activities that cover any kind of Level 1 social, developmental or community work

If CSR is also linked to reducing the CSR activities that aim to negative impacts of company’s own accordingly improve processes and products or processes products of the company

Level 2

If CSR initiatives are also for the local community

CSR activities that are focused on those who are affected directly by the company

Level 3

If CSR is also embedded in the business operations

CSR activities that form a part of the daily business activities of the company.

Level 4

If innovative ideas and practices are CSR activities that enable Level 5 also developed for CSR sustainable and replicable solutions to problems faced by society

CSR Ratings of Top 500 Companies in India Karmayog CSR Rating

No. of Companies

%

Level 5 (Highest)

0

0

Level 4

12

2

Level 3

66

13

Level 2

161

32

Level 1

148

30

Level 0 (Lowest)

113

23

Total

500

100

• HDFC Bank is only organization in Banking Sector which is in Level 4.

Negative Criteria • Negative Criteria usually determines the maximum possible Rating. Negative Criteria

Reason

Rating Level

Companies that make liquor, tobacco, genetically engineered / modified crops

These products are not needed by society, and cause harm to people Level 0 and the environment. The best CSR is to do is to stop making these products.

Companies that violate laws/rules/regulations

CSR is not limited just to how a company spends its money, but also to how it makes that money in the first place.

Level 1

Companies engaged in high impact processes

Processes that severely damage the environment require extraordinary efforts by the company to reduce and repair the damage, and require greater contributions to benefit society.

Level 1

Companies that report the same CSR Activities (even verbatim) as for previous years

This indicates that the company does not take CSR seriously enough to be engaged in CSR initiatives every year, building on these, and reporting progress.

One Level less than previous year’s rating

Axis Bank CSR Initiatives • Axis Bank Foundation (ABF) was setup as a Public Trust in 2006 to carry out the Corporate Social Responsibility initiatives of Axis Bank. • Currently, Axis Bank Foundation has partnered with 42 NGOs & Axis Bank gives 1% of its profits to ABF. • Axis Bank CSR Rating is 3 and it’s principle CSR Activity includes • Education • Community Welfare (Public Health, Medical Relief, Sustainable Livelihoods) • Children

Axis Bank CSR Initiatives • The Axis Bank Foundation will also play an important role under the Bank's Financial Inclusion initiative. • Axis Bank Partnering with Satyamev Jayate which help NGO’s to received donation for the cause they .