CSR

Corporate Social Responsibility Policy

Pursuant to the commitment of ADIT FOUNDATION (hereinafter referred to as ‘’the Foundation’’, ‘’we’’, ‘’us’’ and/or ‘’our’’) to be a socially and environmentally responsible Foundation, we have devised this Corporate Social Responsibility Policy (CSR Policy) to explain how the Foundation plans to achieve this objective.

  1. What is Corporate Social Responsibility?

Corporate Social Responsibility (CSR) is generally a concept whereby firms combine social and environmental concerns in their business operations and interactions with their stakeholders with the aim of providing a sustainable society for the future

generations. 

  1. How we shall communicate our CSR practice?

We shall identify critical areas of development which shall require our intervention (in terms of funding). The Foundation’s council members will deliberate on various proposals & decide upon the final activity to be funded. The respective organisations will then be communicated our nature of support & period for the same.

  1. To whom we shall make donation?

The Foundation preaches a socially responsible culture, as such we are committed to make donations to vulnerable groups located in Mauritius and jurisdictions equivalent to Mauritius (a list has been provided in Appendix 2). Our community involvement ranges from supporting health care programme (NGO like Enn Rev ene Sourir) to environmental awareness (Eco Sud-Wakashio Oil Spill). All donations shall be processed, subject to the following conditions: 

  • No adverse results obtained following world check and internet search conducted on concerned parties, being the NGO and its Board of Trustees;
  • Full due diligence documents (as per our CDD checklist) obtained on the concerned NGO (and on its principals, if required) to whom the Foundation shall donate;
  • The donation being made shall not have a direct/indirect link with politics and religions;
  • The donation shall, at all times, be in line with the present Policy; and
  • This Policy shall be approved by the Council Members through a resolution.
  1. How to reach us out?

If there are any questions regarding this CSR Policy or the CSR activities, you may contact us

Miscellaneous

The present Policy may be modified from time to time, and each updated version will require approval from the Council Members.

Last Updated: 23 September 2021

Appendix 2: List of Equivalent Jurisdiction

List of Equivalent Jurisdictions

  1. Australia
  2. Austria
  3. Bahamas
  4. Bermuda
  5. Belgium
  6. Canada
  7. Cayman Islands
  8. Denmark
  9. Finland
  10. France
  11. Germany
  12. Gibraltar
  13. Greece
  14. Guernsey
  15. Hong Kong
  16. Iceland
  17. India
  18. Ireland
  19. Isle of Man
  20. Italy
  21. Japan
  22. Jersey
  23. Luxembourg
  24. Malta
  25. Netherlands (excluding Netherlands Antilles)
  26. New Zealand
  27. Norway
  28. Portugal
  29. Republic of South Africa
  30. Russian Federation
  31. Singapore
  32. Spain
  33. Sweden
  34. Switzerland
  35. United Kingdom
  36. United States
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