This Policy provides guidance on the vision, principles and governance of Corporate Social Responsibility (“CSR”) initiatives to be implemented by the Company
At Indegene, we believe that our corporate mission “to create and deliver solutions for health care and life sciences today and tomorrow by integrating our expertise in technology, medical science, and communications” not only drives our business activities but also represents the essence of how we can contribute to the social development and betterment of our community, country and the world.
Consequently, we view our business goals to deliver value to our clients, employees and shareholders as being co-existent and aligned to our corporate social responsibility (CSR) to meaningfully contribute to the development and sustainability of the societies that Indegene is a part of and to undertake socially useful programs. It is imperative on us as a responsible corporate citizen to “do good while doing well”.
Our CSR policy and initiatives revolve around harnessing our medical and technology expertise and combining it with the collective desire of our team to make an impactful contribution to improving the health of our society.
We believe that equitable access to healthcare is a fundamental human right and is a core constituent of social and economic development. We also believe that health awareness and education are important engines for the improvement of health outcomes in our society.
We therefore partner with a wide spectrum of stakeholders to enable universal access to healthcare, to develop and deliver solutions that serve to increase health, wellness and disease awareness among the public at large and to enhance the level of education among health professionals.
The CSR Committee members are Mr. Manish Gupta, Chairman and Chief Executive Officer, Pravin Udhyavara Bhadya Rao, Independent Director, Dr. Rajesh Bhaskaran Nair, Non-Executive Director and President, Indegene Inc and Dr. Sanjay Suresh Parikh, Executive Director and Executive Vice President.
The CSR Committee will carry out the following functions:
Formulate and recommend to the Board, the CSR Policy which shall indicate the activities to be undertaken by the Company
Recommend the amount of expenditure to be incurred on the activities referred to in the CSR Policy
Monitor the implementation of CSR projects or programs or activities undertaken by the Company, on CSR Policy from time to time
To align our CSR activities with our corporate mission, the Company will preferentially undertake initiatives falling under Schedule VII of the Companies Act, 2013 related to, but not restricted to:
Promoting and improving health care including preventive, maternal health care and sanitation
Promoting education and awareness, including special education
Further, the Company shall upon the recommendation of its CSR Committee and with necessary approval of the Board as part of its corporate social responsibility initiative, undertake activities in the areas which are defined in Schedule VII of the Companies Act 2013, as amended from time to time; & such other activities that the Board may consider appropriate in pursuance of the Company’s Vision in this area.
Indegene promotes CSR initiatives under the guidance and supervision of a CSR Committee constituted by the Board of the company. The CSR Committee is mandated to carry out the following:
Lay down the company’s CSR vision, philosophy, policy and priorities
Communicate the company’s CSR policy to internal and external stakeholders
Evaluate CSR proposals and recommend allocation of appropriate resources to the Board
Mobilize and energize internal stakeholders to participate and take responsibility for CSR activities
Forge partnerships with external stakeholders to help achieve the company’s CSR vision
Monitor progress of CSR activities and assess their social impact
Report on the status of the company’s CSR activities
The Company may upon the recommendation of the CSR Committee and with necessary approvals from the Board create a Trust through which some CSR activities may be carried out, funded and administered. Separately, the Company may also directly fund and administer internal and external CSR initiatives.
The CSR activities of the Company and the CSR Committee shall conform to the requirements of the Companies Act, 2013, the Rules made thereunder, as amended from time to time.
Reimagining Higher Education Foundation - sponsored a faculty chair program
Reimagining Higher Education Foundation - sponsored a scholarship program
FAME INDIA - supported a speech therapy program
IIT Madras - offered a scholarship program
Foundation for the promotion of Sports and Games - sponsorship towards healthcare and treatment of Indian athletes
Foundation for Excellence India Trust - supported a scholarship program
Bangalore Kidney Foundation - sponsored dialysis machines
Bangalore Kidney Foundation - facilitated dialysis treatment for the needy
International Foundation for Research and Education - sponsored a program towards employing and engaging visiting professors, faculty, and research fellows
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