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• Annual Report 2018-19
Shaping the future of software driven business
2.
Have you advocated / lobbied through above associations for the advancement or improvement of public good?
Yes / No; if yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive
Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others)
The Company has participated in consultations on the following areas:
a.
Governance and Administration
b.
Inclusive development policies
c.
Sustainable business principles
d.
Corporate Social Responsibility
Principle 8
Businesses should support inclusive growth and equitable development
1.
Does the company have specified programs / initiatives / projects in pursuit of the policy related to Principle 8? If
yes details thereof.
Please refer the answer to Question No. 3 of Principle No. 4 in this report.
2.
Are the programs / projects undertaken through in-house team / own foundation / external NGO / government
structures / any other organization?
Yes, Persistent Foundation, the Company’s CSR Wing undertakes these activities.
3.
Have you done any impact assessment of your initiative?
Assessment of the initiatives of the Company is done through quarterly Board of Trustees’ meetings of Persistent
Foundation. The Company publishes the activities of Persistent Foundation throughout the year in the Annual Report of
the Company.
One of the core value of the Company / Foundation is to strive to achieve excellence in everything that we do, the same
was translated in action in the financial year 2018-19. Third party Impact Assessment was conducted this year of all key
projects of Persistent Foundation as it completed a decade of it establishment.
Third party impact assessment was carried out through an agency ‘Chhaaya Strategic Advisors LLP’.
The study covered
Locations No. of Projects No. of representatives interviewed from associated
NGOs / partners and beneficiaries in person
No. of employees
interviewed
5
54
300*
714
*More than 5 % beneficiries were contacted telephonically/survey forms was shared to take feedback about the services
offered.
The study appreciated Persistent Foundation being CSR arm of the Company.
The top 3 observations of the impact assessment study were as follows:
1.
Clear purpose and visionary leadership;
2.
The activities of the Foundation have created significant Impact; and
3.
There is 100% compliance on the CSR mandate of the Companies Act 2013, Section 135, ever since the Act
is introduced.
4.
What is your company’s direct contribution to community development projects – Amount in INR and the details of
the projects undertaken
a.
For the financial year 2018-19:
`
70.57 Million to Persistent Foundation,
`
7.4 Million towards the contribution by
the Company towards Project Lakshya, an Initiative of Government of India,
`
1.40 Million towards the cost of the
technical contribution towards MGI- Shakti Project, an initiative of the Government of Maharashtra and coordinated
by McKinsey, India and
`
1.13 Million to directly to charitable institutions by the Company
b.
Please refer the report on the activities of Persistent Foundation for the details of the projects undertaken during the
financial year 2018-19.