Corporate Social Responsibility
We at IIFL WAM strongly believe in enabling inclusive development. The core focus of our CSR is aimed at reducing inequality by enabling access to opportunities to underserved or marginalised communities. Through our CSR, we wish to implement sustainable programmes that move the needle on social impact by addressing some of the most critical developmental challenges. In order to consolidate our efforts towards catalytic CSR, we established the IIFLW CSR Foundation (“Foundation”) to design and deliver CSR activities on behalf of the IIFL WAM group entities.
Our vision for the Foundation is to bring about a positive change in the lives of underprivileged individuals and communities by enabling a strategic and collaborative partnership to maximise social impact. We believe that meaningful impact can be achieved through effective collaboration. We wish to partner with our clients and leverage their passion for social impact to amplify the scale of our CSR programmes.
Our focus going forward will be to support interventions in Healthcare, Education, Livelihoods and Financial Inclusion, which will enable us to build resilience in various communities. As experts in financial sector, we would like to leverage our core competencies and expertise beyond providing mere funds as part of our responsibility to society.
As we move forward in our social impact journey, we wish to evolve towards a more strategic and impactful model for our CSR where we envision our role in mobilising both philanthropic capital and other types of capital to create more collaborative, meaningful, sustainable solutions that uplift lives of underserved and under-represented individuals and communities. This will also enable a multiplier effect of our funds and make our programmes sustainable in the longer run.
Flagship Programme - Impact Circles
Our Flagship Programme, “IIFLWAM Impact Circles” is a platform to bring together like-minded philanthropists in specific regions to guide and mould programmes in varied focus areas. The themes of our Impact Circles will primarily focus on:
- Access to quality education
- Employability and livelihoods through skill development
- Financial inclusion
Education Impact Circles
We launched three Education Impact Circles in FY21 and have partnered with three leading and vetted non-profits to implement these programmes. The locations of these Impact Circles is districts in and around Mumbai in Maharashtra, Jind district Haryana and Anekal and Nanjangud taluks in Karnataka.
Our programmes under the Education Impact Circles aim to enhance the quality of education for children from underserved and underrepresented communities and our sub-focus areas for the Impact Circles launched is primarily to:
- Enhance access to quality STEM education and
- Promote improvement in learning outcomes
Building resilience in communities through collaboration and collective impact
The pandemic has severely affected the health, education and livelihoods of millions of Indians who are grappling with the devasting aftermaths of the situation.
As experts in the financial sector, we would like to leverage our core competencies and expertise beyond providing mere funds as part of our responsibility to society. We wish to evolve towards a more strategic and impactful model for our CSR where we envision our role in mobilising both philanthropic and commercial capital to create more collaborative, meaningful, sustainable solutions that uplift lives of underserved and underrepresented individuals and communities.
To read our CSR policy, click here