OUR SUSTAINABILITY APPROACH

Embedding sustainability into business

Our CSR Policy

At SBI Life, we have developed the Corporate Social Responsibility Policy in consonance with the Companies Act, 2013 to understand and enhance our impact on the natural environment and the society in which we operate, and to take initiatives accordingly.

The objectives of the CSR policy are twofold. The first is to contribute to the social cause of the society, to project the humane face of the Company, and develop a better image of the Company as a responsible corporate citizen. The second is focused on creating a social orientation amongst the employees of the Company as a conscious organizational policy.

Our CSR governance

The Company has Board CSR committee (CSRC) and sub-committee. The Board CSR committee is responsible for overseeing the Company’s CSR programme, ensuring its compliance and reporting to the Board on a timely basis. The CSR Sub-Committee has representation from various departments/regions, including finance and compliance, human resources, admin and brand and corporate communications and CSR, among others.

This CSR Sub-Committee leads us to identify CSR activity areas to be undertaken during the year, as per the Company’s CSR policy and place the same in the CSRC meeting for discussion. It helps us to ensure that the business manages CSR risks and adheres to the standards in the policy. These committees are aimed to focus towards the thematic areas of Education & Healthcare.

Environmental

  • Climate change
  • Waste management
  • Water conservation
  • Bio-diversity

People

  • Diversity and inclusion
  • Training and development
  • Performance management
  • Employee health and well-being

Community

  • Rural development
  • Primary Education
  • Healthcare for women and children
  • Skill development
  • Disaster relief