The Axis Bank has formulated and adopted a Policy on Prevention of Sexual Harassment of Women at workplace. The Bank has complied with the provisions relating to the constitution of Internal Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. T
Falling in line after repeated diktats from the government and regulators, listed companies have stated making public some basic data of sexual harassment at workplace and the disclosed numbers show a disturbing uptick.
Axis Bank Limited indicated 45 cases of sexual harassment in FY 2021-22.
During the year, the Bank has taken several steps and is establishing the necessary systems to promote Diversity, Equity & Inclusion (DEI) at the workplace. The Bank released its Diversity, Equity and Inclusion Policy and has formed a Diversity, Equity, Inclusion Council to drive forward the DEI agenda.
The Bank has publicly committed to a target of reaching 30% female representation in its workforce by fiscal 2027. Notably, the Bank announced ‘ComeAsYouAre’, a Charter of policies and practices for employees and customers from the LGBTQIA+ community. Significantly, the Bank received the ‘Great Place to Work’ certification as a result of several strategic transformations undertaken during the year.
Also Read: No sexual harassment during FY2021-22 at JSW Steel
The Bank has formulated and adopted a Policy on Prevention of Sexual Harassment at Workplace and takes all necessary measures to ensure a harassment-free workplace and has instituted an Internal Complaints Committee (ICC) for redressal of complaints and to prevent sexual harassment. The Bank believes that all employees, including other individuals who are dealing with the Bank have the right to be treated with dignity.
The following is the summary of sexual harassment complaints received and disposed of by the Bank, during fiscal 2022:
i. Number of complaints pending at the start of the financial year: 4
ii. Number of complaints of sexual harassment filed during the financial year: 45
iii. Number of complaints disposed off during the financial year: 44
iv. Number of complaints pending as on the end of the financial year: 5
Number of workshops / awareness programs conducted against sexual harassment: 46
Nature of action taken by the Employer or District Officer – As per the Bank’s Staff Rules.
The ICC is empowered to take appropriate disciplinary action against the employee(s) who is found to have violated the norms prescribed under the said Policy.
Also Read: 5 complaints of sexual harassment reported in ITC Limited – India CSR Network
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