Corporate Social Responsibility

ICICI Bank has committed to donate ₹12 billion from its CSR funds to Tata Memorial Centre (TMC), a premier institution that runs cancer treatment and research centres across the country. The funds will be utilised to set up three new buildings, covering a combined area of 7,50,000 square feet, at Navi Mumbai in Maharashtra, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh. The buildings will get equipped with state-of-the-art machines. The initiative which is likely to get completed by 2027, will enhance comprehensive cancer care services in different regions of the country by providing patients access to advanced and latest cancer therapies.

In fiscal 2024, healthcare initiatives were focussed on building capacity in curative care including cancer care, cardiac care, eye care, trauma and emergency care, dialysis and blood donation. The cancer care programme supported 23 prominent cancer hospitals, including Tata Memorial Centre (TMC) with medical equipment, funds for surgeries and for overall cancer treatment and care.

Cardiac care support was extended to 17 hospitals and medical institutions in 18 states in fiscal 2024. As part of the eye care initiative, ophthalmic vans and other eye care equipment were provided to 15 hospitals, supporting nearly 4,800 surgeries which benefitted over 8,100 individuals. Further, support was provided to hospitals and institutions across the country with ambulances, mobile medical vans and blood collection and transportation vehicles.

Initiatives towards augmenting healthcare infrastructure in India’s north-eastern states aims to provide timely and quality healthcare services to the people in the region. Supporting treatment of Tuberculosis (TB) & cancer and providing dialysis machines & blood collection vehicles are key initiatives. Over 60 units of necessary medical equipment such as video bronchoscopes, ultrasound units, dialysis units and endoscopes were provided along with infrastructure such as emergency patient trolleys, blood collection vehicles, mobile medical units and ambulances among others. These initiatives have benefitted 9,100 patients since fiscal 2023.

The requirement for blood outstrips the available supply. Shortage of blood in the blood banks is a cause of concern in India. Infrastructure and equipment available for handling collection and storage of blood is scarce. Further, there is an ongoing challenge of transporting blood from the camps to the blood banks across the country.

ICICI Foundation has been providing vehicles for transporting blood to bridge this gap. In fiscal 2023, 14 blood collection vehicles and 16 transportation vehicles were provided to hospitals. These vehicles, which are smaller compared to large patient vehicles, are equipped with blood storage facility to assist organisations in areas where large patient vehicles cannot travel.

In fiscal 2024, millet farmers in Hanur taluka in Chamarajanagar district, Karnataka, were supported through a comprehensive value chain project. Despite the area’s potential, farmers had stopped millet farming due to erratic rainfall, damage by wildlife and soil degradation. The intervention revived millet farming and promoted sustainable agricultural practices for various crops. Additionally, solar electrification at 12 schools in the district and support for digging two drinking water borewells were provided which enhanced the area’s overall quality of life. As part of the initiative, nearly 1,800 farmers across 26 villages in four Gram Panchayats in Hanur taluka were trained in organic farming practices and over 2,100 farmers benefitted from facilitated agroforestry plantations. The initiative also enabled cultivation of maize, millet and tomatoes across nearly 20 acres due to check dams.

Six SHGs were supported in installing automatic Jeevamrut units in Chhattisgarh as part of a broader effort to reduce poverty and support low-cost organic farming in the state. Jeevamrut is an organic fertiliser that provides essential nutrients to plants, reduces disease and pest infestation, maintains soil moisture and promotes the activity of beneficial micro-organisms and earthworms. These units were installed in three districts, namely, Durg, Jashpur and Korba. Over the past two years, these units have produced nearly 80,000 litres of Jeevamrut, boosting productivity, crop quality and income of the farmers. 630 farmers have benefitted in fiscal 2024.

Pesticide-free agriculture is being promoted by providing solar traps to small farmers. In fiscal 2024, solar traps were provided to farmers at Astur village in Chamarajanagar district and at Doddabeeranahalli village in Chitradurga district, Karnataka. These devices, charged by sunlight, automatically switch on at dawn to trap harmful insects and have a capacity to trap 100,000 pests per acre per day.

In fiscal 2024, seven Self-Help Groups (SHGs) were supported in several districts of Haryana — four in Hissar and three in Sirsa — to establish mustard oil processing units as part of a sustainable livelihood initiative. The project provided SHGs with cold press oil extraction machines and solar units, encouraged them to adopt climate-resilient agriculture, supported with quality seeds, organic composts and market linkages, among others. The initiative benefitted 1,000 households since 2022 and increased household income, improved access to financial services and promoted mustard cultivation.

Our commitment is to strengthen local ecosystems through its value chain-based projects and provide sustainable livelihoods to make villages self-sustaining. ICICI Foundation has been supporting the lac farmers of Jharkhand since 2020. The project provides the farmers with infrastructure and support for lac cultivation.

Positively impacted 4,430 beneficiaries and witnessed 60% increase in the average income of 2,200 tribals and forest dwellers where the intervention has been carried out for over a year.

With an objective to sustainably increase productivity and incomes, help farmers adapt to climate change and reduce GHG emissions, where possible, ICICI Foundation has been promoting adoption of Climate Smart Agriculture (CSA) mechanisms. This also helps farmers to respond effectively to adverse impact of climate change while enhancing crop productivity and thereby increasing their income. Under its Rural Livelihood Programme, ICICI Foundation has been supporting CSA since 2018 by promoting scientific methods of paddy cultivation in several states of India. It is helping paddy farmers increase productivity by deploying the System of Rice Intensification (SRI) and the Alternate Dry and Wet (ADW) irrigation methods.

11 billion liters of water is saved annually through deployment of SRI and ADW methods. Over 2,240 farmers in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana are benefitted through this intervention.

Work was undertaken with Himalayan Environmental Studies and Conservation Organisation (HESCO) to build bridges to facilitate the movement of people in the remote hilly regions of North India. The bridges boost connectivity by providing shorter and safer routes for essential services like healthcare facilities, schools and markets. They also promote better access to livelihood and economic opportunities, contributing to the overall socio-economic development of the region.

In fiscal 2024, eight footbridges were constructed in Himachal Pradesh and Jammu and Kashmir. With this, a total of 99 bridges have been constructed in Uttarakhand, Himachal Pradesh and Jammu and Kashmir.

ICICI Bank stood by the people of Assam by extending relief to the flood-hit people in fiscal 2023. Essential food supplies such as rice, pulses, mustard oil and puffed rice along with kitchen utensils were provided. Galvanised Iron (GI) sheets were provided for the reconstruction of roofs of damaged houses. Our efforts supported over 14,000 families

Regular financial literacy outreach programmes are organised to educate people on financial management skills. Each programme is designed to cater to the specific needs of different groups within the community, such as low-income families or small business owners, professionals and corporate employees, etc. The programmes are specially designed to create awareness about organised banking, including savings, credit, remittance, insurance and investments. Collaboration is undertaken with local schools, community centres and financial institutions to reach out to a wider audience through this programme.

In fiscal 2024, ICICI Bank strengthened its programmes on financial literacy in India’s rural and urban areas and benefitted more than 160,000 individuals.