Mauritius: Barclays launches 3rd edition of Colors of Life booklet in community thrust
The 3rd Edition of the Colours of Life booklet walks the readers through the work accomplished in 2014 under the partnership of Barclays and different NGOs on the island. (Image: ION News)
Barclays Bank Mauritius Ltd released last week the 3rd edition of its Barclays Colors of Life booklet in the presence of Mauritius Minister of Social Integration and Economic Empowerment Pradeep Roopun.
Ravin Dajee, the Managing Director of Barclays Bank Mauritius Ltd, took the stage first to reaffirm the financial major’s commitment to create wealth for its shareholders, customers and the society and help people achieve their goals by supporting economic pillars which can bring a positive contribution to the GDP.
Mr Dajee stated that firms have an obligation towards the society since as businesses, they have the resources to mobilize people and capital around the right wealth-generating ideas. Barclays can support people from a global perspective, the MD added.
The 3rd Edition of the Colours of Life booklet walks the readers through the work accomplished in 2014 under the partnership of Barclays and different NGOs on the island.
According to figures spelt out by Chairman Philippe Dowe, last year, Barclays Bank Mauritius Ltd teamed up with 59 NGOs and donated Rs. 11 Million while 651 staffs volunteered to raise funds and assist in CSR activities.
Mr Dowe went on to say that more important than numbers is the passion of the people. Barclays also organized trainings for NGOs in a few areas such as financial management and good governance.
Speaking about the booklet, CSR Manager Renuka Jacquette explained that the initiative is also a testimony on how the fund proceeds have been spent to make a difference in the society.
The best project has also been awarded back in January 2015. The prize went to l`APEIM, an NGO which aims to empower children with intellectual and physical disabilities.
Mauritius Minister of Social Integration and Economic Empowerment Pradeep Roopun also commented on the success of Mauritius, which he attributes to a close collaboration between the private sector and the government. The minister moreover believes that CSR, which is now region-wise and not project-based, is more structured today.
Incidentally, the recently released Budget 2015 revisited the structure of the Corporate Social Responsibility (CSR) system to make it more results-oriented by letting companies decide on how best to fulfil their social responsibility in a most effective manner. Companies, hereon, will be free to allocate the 2% of CSR according to their own set of priorities.