to Our Society
Our commitment to CSR has been deeply rooted in our founding values of trust
and social
welfare. From cultivating banking habits in agricultural societies to creating employment
opportunities for underprivileged youth, our initiatives have evolved around Sustainable
Development Goals. We prioritise community welfare and growth in all our operations,
ensuring alignment with their best interests.
Our CSR activities are carried out through the Federal Bank Hormis Memorial
Foundation (FHMF)
SANJEEVANI, UNITED AGAINST CANCER
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Unique Beneficiaries
‘Sanjeevani’ is an initiative by Federal Bank Hormis Memorial Foundation, News 18 Network and Tata Trusts to build awareness, and encourage screening and testing for Cancer. The number of Cancer cases in the country is projected to go up from 14.6 Lakh in 2022 to 15.7 Lakh in 2025, according to the Indian Council of Medical Research National Cancer Registry Programme.
The mission is two-fold:
- To raise awareness about cancer: To encourage people to undergo regular screening for early detection. For cancer, early diagnosis is crucial for successful treatment and improved patient outcomes. On a global scale, 30% cancer patients lose their lives due to late-stage detection, while 70% achieve a reprieve due to early detection facilitated by awareness. Unfortunately, this ratio is reversed in India.
- To provide Financial Relief: Recognising the financial burden of cancer treatment, Sanjeevani, offers Financial Assistance to patients belonging to EWS/BPL. This usually covers essential treatment equipment, medication, or other monetary needs.
In addition, Sanjeevani provides a wealth of resources to empower patients and caregivers including stories and blogs, extensive awareness campaigns, interactive quizzes, expert talks, widespread communication and community engagement.
SPEAK FOR INDIA
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Student Participation Over the Years
Speak for India is an initiative to empower young Indian minds through debate. Established in 2014 by the Federal Bank, it has grown to become the largest inter-collegiate debate competition in the country. It spans seven states – Kerala, Karnataka, Tamil Nadu, Maharashtra, Gujarat, West Bengal, and Delhi NCR. The competition works with a mission to provide a powerful platform for young college students across India to voice their opinions on critical issues facing India and the world. The competition tackles relevant topics like artificial intelligence, social media, and the demographic dividend, encouraging students to think critically about the world around them. Renowned personalities like Vimlendu Jha and Vandana Shiva interacted with students, enriching their understanding of complex issues.
Beyond developing their communication and critical thinking skills, this initiative builds future leaders by fostering healthy competition and debating skills.
FEDERAL SKILL ACADEMY: EMPOWERING YOUTH THROUGH SKILLS TRAINING
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Beneficiary Trainees from the Centres Cumulatively
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Beneficiary Trainees in FY 2023-24
The Federal Skill Academy (FSA) provides skill training and employment opportunities for underprivileged youth. Seven skill centres have been established across Kochi, Coimbatore, Kolhapur, Faridabad, Belgaum, Vijayawada and Ambattur.
SWACHH BHARAT ABHIYAN: MAKING MOOKKANNOOR ONE OF THE CLEANEST CITIES IN INDIA
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Menstrual Cups Distributed
During the launch of our founder K P Hormis’ Birth Centenary Celebrations at Mookkannoor on October 18, 2016, we decided to adopt Mookkannoor village, the birthplace of our beloved founder. In 2023, we launched Mission Mookkannoor, a flagship initiative aligned with Swachh Bharat Abhiyan with a goal to elevate Mookkannoor to India's cleanest and greenest village. This three-year initiative, guided by the KP Hormis Educational and Charitable Society and the Panchayat, will be executed in phases as below:
- Swachh Bharat and Sanitation: This includes waste management, processing and disposal of plastic and e-waste, and construction of toilets at various locations.
- Environmental Sustainability: This will include planting saplings at multiple locations, planting garden bushes at the roadside, etc.
- Community and Social Service: The Bank will support a geriatric care centre, construction of bus shelters, raising traffic awareness to reduce accidents, providing drinking water facilities at various locations, installing CCTV at various locations, upgrading existing library etc.
- Renewable Energy: The Bank will install a 10 kW power plant at the PHC, supporting an e-charging station for autos/four-wheelers, and converting existing streetlights into solar-powered ones.
- Mission Clean Mookkannoor was inaugurated on October 18, 2023, by our MD & CEO Mr. Shyam Srinivasan. The project is proposed to be implemented over 3 years in 3 phases at a total cost of H12.34 Crore. We have allocated₹H 2 Crore for the first phase of the project.
BEACH CLEAN-UP DRIVE AT AKSA BEACH IN MUMBAI ZONE
As a part of the Swachh Bharat Abhiyan (Clean India Mission), Mumbai Zonal Office in association with 'Project Mumbai' and their team 'Jallosh' conducted a beach clean-up drive in Mumbai.
PROMOTING EDUCATION
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Applications Received
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Scholarships Granted during FY 2023-24
Since 2005, the Federal Bank Hormis Memorial Foundation has been providing scholarships to meritorious students from financially weaker sections of society to pursue various professional courses. In 2019, the wards of martyred army personnel and speech and hearing-impaired students were also included. The scholarships are given to students from Kerala, Tamil Nadu, Gujarat, Karnataka, Punjab and Maharashtra, pursuing Medicine (MBBS), Engineering (BE/B Tech), Agriculture (B.Sc), Nursing (B.Sc) and MBA.
We conducted a FHMF Scholarship Ceremony on the eve of Founder’s Day to facilitate the students in campus of Anand Agriculture University.
“It was a Landmark function in history of Anand Agriculture university whose pillars were set up in 1938 by Shri Sardar Vallabhbhai Patel. No Bank has taken such a wonderful and unique initiative which is not only impacting the Society as whole but also creating Brand Ambassadors for Future and empowering Education sector for people who cannot afford it, thanks to the Founder Shri K P Hormis.“
~ K B Katheria (Vice Chancellor)
RISHTA DHARTI SE - GROW GREEN PROJECT
Federal Bank, in collaboration with Mathrubhumi, launched the 'Grow Green' initiative on World Earth Day, April 22, 2023, to promote organic farming among young students in Kerala. 100 students from each revenue district received 10 grow bags filled with potting mix and saplings of five types of vegetables. These students were selected from various schools. Additionally, the initiative included a Fruit Bank programme, distributing fruit tree saplings to participants across the state. Students planted these saplings on Environment Day, June 5, 2023. With the assistance of teacher coordinators, students documented the growth of these plants, submitting an annual report on Earth Day, March 22, 2024. The project inspired young minds to promote sustainable practices for greener future.
PLANTING OF 5,000 MILLET SEEDS BY 5,000 STUDENTS
There are over 14 Lakh severely malnourished children in India, according to the Government's Poshan tracker. Recognising the critical need for better nutrition, the Government of India declared 2023 as the International Year of Millets. In response, Federal Bank partnered with Bodhi Charitable Trust and Kurukshetra IAS Academy to raise awareness about the nutritional benefits of millets and combat malnutrition. In a remarkable effort, around 5,000 students planted 5,000 millet seeds in just one minute, achieving recognition in the Asia Book of Records.
‘GO-GREEN PLUS’
Federal Bank has become one of the pioneers in the
banking sector to take proactive steps in reducing
Scope 3 emissions from downstream activities. It has
subscribed to DHL’s innovative ‘Go-Green Plus’ plan,
a solution designed to significantly reduce the Bank’s
carbon emissions associated with export and import
document transport worldwide. It utilises Sustainable
Aviation Fuel (SAF) to offset carbon emissions generated
by courier services, a significant component of the
Bank’s Scope 3 emissions.
DHL’s data indicated that Federal Bank’s emissions from
overseas couriers amounted to approximately 45 tonnes
in the calendar year 2023. With the implementation of
‘Go-Green Plus’, these emissions are expected to reduce
by 30% initially in 2024, with the potential for further
reduction in the future.
Key features of the ‘Go-Green Plus’ initiative include:
- Insetting for Carbon Emission Reduction: Actively contributes to reducing the Bank’s Scope 3 emissions through in setting.
- Book and Claim Methodology: Ensure supply chain continuity with minimal disruption.
- User-Friendly Integration: A plug-and-play model for easy adoption into the Bank’s operations.
- SGS Validated Emission Reports and Certificates: Credible and globally recognised validation of the Bank’s annual carbon emission reduction.
By subscribing to the ‘Go-Green Plus’ plan, Federal Bank reinforces its commitment to the ‘Green Move’ and takes a significant step forward in its ESG journey.
TRAFFIC BARRICADES TO KOLKATA TRAFFIC POLICE
As part of the Bank’s ‘Calcutta to Kolkata: 50 Years in the City of joy’ celebrations, 100 portable traffic barricades were sponsored to Kolkata Traffic Police.
HEALTHCARE SUPPORT TO DIFFERENTLY-ABLED
Federal Bank carried out various projects for the benefit of differently abled persons such as:
We are helping Welfare Services, Ernakulam, also known as Sahrudaya Services, an NGO, with the construction of a skill-centre-cum-day-care facility for differentlyabled persons.
Mann Centre is a 12-year-old non-profit organisation, which runs various programmes to train Persons with Intellectual Development Disability (PwIDD) and offer them gainful employment. This financial year, we supported the organisation to implement an in-house training programme called Karmann to impart lessons in life skills and tailoring for PwIDD.
Additionally, we provided support for the construction of a therapeutic park and for purchasing school buses for the conveyance of differently-abled children.
Other major healthcare support activities
- Elderly care in India continues to face medical, social, and economic challenges. To provide routine individualised care to geriatrics at hospitals/ homes/old age homes/community centres, etc. we conducted a Geriatric Care Skilling Programme exclusively for women at the Federal Skill Academy, Kochi.
- Federal Bank started the General Duty Assistance Course at Federal Skill Academy, Coimbatore, this financial year.
- We extended support for the installation of RO plants and the setting up of drinking water facilities at various schools, hospitals, and public places. We also supported palliative care services, purchasing vehicles for providing home care services to bedridden patients. We helped purchase medical equipment such as dialysis machines, ECG machines, and ambulances for government hospitals.
Through these projects, we enable the less privileged sections of society to lead dignified lives.
Welfare and Poverty Alleviation
We are committed to creating positive social impact on communities we work with. We work for upliftment of economically backward sections. We support initiatives that fight malnutrition and promote healthy living. We champion the right to education of socioeconomically disadvantaged children by associating with various government initiatives and NGOs across India. We were part of flood relief measures in Chennai.
FOUNDER'S DAY CSR ACTIVITIES
Every year, we celebrate October 18, the birthday of our founder, as the CSR day of our Bank. This year too Founder’s Day CSR activities were conducted across all zones.
PROMOTING WOMEN EMPOWERMENT
We believe that empowering women and improving their financial status is contributing to sustainable development. We conducted self-employed tailoring programmes for women in Federal Skill Academies at Kochi and Coimbatore. On completion of the courses, we donated sewing machines to candidates to enable them to earn livelihood. We also supported the Salesian Sisters of Northern India, Shillong, in distributing 50 sewing machines among underprivileged women to promote self-employment.
PROMOTING ENVIRONMENT SUSTAINABILITY, SWACHH BHARAT AND DEVELOPMENT PROJECTS
We give support to various municipalities in a number of sustainability initiatives.
| Sustainability Initatives | Municipalities Supported | Numbers |
|---|---|---|
| Solar Street Lights | Virudhunagar Municipality | 20 |
| Kattappana Municipality | 68 | |
| Energy Efficient Lighting systems | Rasipuram Municipality | 90 |
| Namakkal Municipality | 90 | |
| Procuring electric vehicles for solid waste management |
Salem Municipality | 7 |
| Dindigul City Municipal Corporation | 5 | |
| Installation of end-to-end software solution for solid waste management |
Nagercoil City Municipal Corporation | 1 |
| Tirunelveli Corporation | 1 | |
| A high mast solar streetlight and renovation of the park | Madurai Corporation | 1 |
Development projects include:
- Support to Aluva Municipality for installing new signboards
Promoting Digitisation
We facilitated the Chennai Municipality in establishing a control-cum-training hall and aided Kalamasery Municipality in digitising the rent collection processes. Additionally, we assisted in the provision of desktop computers, networking infrastructure, and the digitisation of accounting systems for the office of the Regional Commissioner of Municipalities in Gandhinagar, Gujarat.
PROMOTING SPORTS AND CULTURE
Federal Bank has supported various organisations/educational institutions for the promotion of sports.
Initiatives
| Type of Support Extended | Support to |
|---|---|
| For the construction of a basketball court | Patna City Municipal Corporation |
| For running the Academy for one year | Kochi City FC, Aluva |
| For training expenses of men and women’s teams in FY 2023-24 season | Sree Gokulam Football Club Pvt. Ltd., Chennai. |
| Towards training expenses, mess expenses, salaries of coaches, etc. for the senior team during the FY 2023-24 season |
Kovalam FC |
Beyond Banking: Spreading Holiday Cheer
We Federals have their heart in the right place! The Archdiocese of Verapoly organised a special get-together for the special children for celebrating Christmas and New Year at Broadway, Ernakulam. This event was taking place in the close vicinity of the Bank branch and the staff members wanted to use this opportunity to make the occasion even more joyous for the kids. Br. Ernakulam/Broadway immediately coordinated with various verticals in a short time and arranged to donate 200 food kits to the children as a New Year gift, as part of the Bank’s CSR activities.
Note:
Rights of indigenous people: There were no cases of discrimination and corrective actions taken during the reporting period.
Operations with significant actual and potential negative impacts on local communities include the location of these operations and their substantial negative effects. Due to the nature of our business, there are no such impacts are identified.
