ibibo as an organization has always endeavored to contribute in every possible way to fulfill its commitment as a responsible corporate resident of India. Through this Corporate Social Responsibility (CSR) Policy, we are trying to support our constant endeavor to bring about positive difference to communities where we exist. We sincerely believe that behind the success of our business growth is the strong sense of shared values of Integrity, Customer Orientation and Future Mindedness. The main objective of this Policy is to establish focused and sustainable contribution towards the growth of the community vide various initiatives and programmes through Company’s
The Board of Directors (the “Board”) of the Company on the recommendation of Corporate Social Responsibility Committee (‘CSR Committee’) has adopted this policy and procedures with regard to Corporate Social Responsibility. The Board may review and amend this policy from time to time subject to the recommendations of the CSR Committee.
In pursuit of its CSR objective, the Company would undertake various programs and projects in the following key areas of focus:
The Company would implement the Company's CSR Programmes through its employees or through external implementing agencies or through trusts, charitable societies and/or Section 8 companies that are established or that may be established by the Company or its holding/subsidiary/associate Company from time to time. In such cases, the Company will specify the CSR Programmes which may be undertaken by those trusts, societies or companies in accordance with their Objects and administrative and accounting processes laid down in the respective Trust Deeds/ Memorandum and Articles of Association.
Every year, the CSR Committee will place for the Board's approval, a CSR Plan and Budget outlining the CSR Programmes to be carried out during the financial year. The Board will consider and approve the CSR Plan and Budget with any modification that may be deemed necessary. The persons/bodies to which the implementation is assigned will carry out such CSR activities within the specified budgets and timeframes and report back to the CSR Committee on the progress thereon at such frequency as the CSR Committee may direct. The CSR Committee shall review the implementation of the CSR Programmes periodically and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy. The CSR Committee will periodically keep the Board apprised of the status of the progress of implementation of the approved CSR Programmes.
CSR expenditure shall include all expenditure as may be permitted under the applicable laws, including contribution to corpus for CSR Programmes approved by the Board on the recommendation of its CSR Committee, but will not include any expenditure on an item which are not in conformity or not in line with activities within the purview of Schedule VII of the Act.
The Board’s Report of the Company shall include an annual report on CSR containing particulars specified in the Rule pertaining to a financial year.
The contents of the approved CSR Policy shall be disclosed in the Board’s Report and displayed on the Company’s website, if any.