Corporate Social Responsibility
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| Canara HSBC Oriental Bank of Commerce Life Insurance Company is committed to more than just giving back to the society or community within which it operates and focuses on doing well by doing good. |
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| The business of Life Insurance is all about social security and protection i.e. aimed at the well being of human beings and the society as a whole. One of the five core values of the Company is Corporate Citizenship which stresses the fact that businesses and markets are essentially aimed at the welfare of society and thus complement each other. |
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As a part of its commitment to CSR, the presentation of life insurance policies to 8 underprivileged children at launch was the first step towards this initiative.
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| 16th June 2008: Mr P Chidambaram, former Union Minister of Finance, presented the first set of policies of the newly-launched Canara HSBC Oriental Bank of Commerce Life Insurance Company to underprivileged children at the company launch. Also seen in the photographs Mr Alok K Misra, former Chairman and Managing Director, Oriental Bank of Commerce, Mr M B N Rao, former Chairman and Managing Director, Canara Bank, Mrs Naina Lal Kidwai, Group General Manager and Country Head, HSBC, India and Mr Clive Bannister, former Group Managing Director of Insurance, HSBC. |
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| Four CSR themes
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The Company focuses its efforts in two areas: financial inclusion (child education, women empowerment, skill development, capacity building for youth, women etc) and environment (biodiversity/wildlife, natural resources and livelihoods).
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Udaan
A child education programme that aims at mentoring underprivileged children, children with disabilities or who are differently abled |
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Green Cover Programme
An initiative aimed at protecting and conserving the environment by planting trees |
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Aatmnirbhar
A skill development/capacity building programme that focuses on an inclusive growth |
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Let's Change, Let's Save
A programme aimed at using all resources responsibly/optimally through focus on reducing, reusing and recycling; respond to the challenge of global warming and climate change by promoting efficient use of energy and environment friendly processes and technologies and focus on changing/adopting ways of conserving the local biodiversity, thus protecting ecosystems and the environment |
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| All initiatives have an in-built employee volunteering component and form a part of the above-mentioned themes.
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| NGOs/Organizations we work with |
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Navjyoti India Foundation
Founded by Dr Kiran Bedi, Navjyoti India Foundation focuses on education for underprivileged children, healthcare and women empowerment projects. |
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Goonj
Runs a unique resource mobilization initiative of providing clothes and other basic amenities to millions in the far-flung villages by turning what may be waste for one into a resource for another. |
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SOS Children Villages of India
A member of SOS, Kinderdorf International present in 132 countries and is dedicated to caring for parentless, homeless and abandoned children. |
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Aid Et Action
An international development organization specialising in social development, with emphasis on education. It works in 26 countries. In India, it reaches out to about 1.11 lakh children, 21,275 youth and 3356 women. |
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Initiatives: Key Highlights
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Newspaper and Magazine Donation Drive
An ongoing initiative in line with the Company focus areas, protection of the environment and financial inclusion, sensitizes employees on the effects of deforestation, global warming and climate change. To save trees, employees are encouraged to regularly donate waste paper for recycling, which in turn provides earning opportunities to the marginalized sections of society.
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Earth Hour 2010
The Company participated in WWF Earth Hour 2010, the worlds largest initiative against global warming and climate change. All employees pledged their support, helped create awareness among family, friends and neighbours and switched off lights from 8:30-9:30pm on 27th March 2010. Employees in the NCR showed support by participating in WWF cyclothone,pedal for the Planet to create awareness amongst the public. The Company CO2 emission savings for the Earth Hour 2010 was approximately a little above 0.9 Tonnes. |
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| "Employees at WWF's cyclothone - Pedal for the Planet" |
Continuous Efforts
The Company seeks to minimize the impact of the business on the environment, have a positive effect on society and support/work with other organizations who embrace these objectives. Towards this direction, the Company has taken steps to use natural resources responsibly, work with community projects and encourage and educate employees in these goals.
The Company has initiated and planned many activities aimed at protecting the environment and improving lives of the disadvantaged communities. |
Throughout the year, employees volunteer and spend time with children studying/associated with our empanelled NGOs and conduct sessions on the environment, career planning and different craft and skills. The Company also buys stationery etc made out of recycled paper and follows an 'e-comms' or 'green comms' policy that aims at minimal use of paper for communication.
Regular campaigns like waste paper donation to NGOs for recycling, donation of clothes, footwear and other utility items to the needy for reuse/recycle are some of the other important activities undertaken by the Company.
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Continuous efforts, employees volunteer throughout the year be it teaching children at NGOs, conserving the environment by planting trees or interacting with leaders like Dr Kiran Bedi to understand the needs of the community.
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