NEW DELHI (India CSR): In the heart of rural India, where healthcare shortages and environmental challenges test resilience, corporate commitment can spark transformative change. ICICI Bank Limited, one of India’s leading financial institutions, has embraced this role with unwavering dedication. In fiscal year 2025, the Bank invested Rs 801.12 crores in Corporate Social Responsibility (CSR), channeling funds through its ICICI Foundation for Inclusive Growth to address critical needs in healthcare, environmental sustainability, and livelihoods. Far from mere compliance, this investment reflects a human-centered mission to empower communities, restore ecosystems, and drive equitable growth across 36 states and union territories. This report unpacks ICICI Bank’s FY2025 CSR journey, weaving together financial precision, strategic vision, and real-world impact, drawn from the Bank’s official disclosures and recent updates.
Key Facts Table: ICICI Bank CSR FY2025
| Parameter | FY2025 Data / Highlights |
|---|---|
| Total CSR Obligation | Rs 800.82 crore |
| Total CSR Expenditure | Rs 801.12 crore |
| Spent via ICICI Foundation | Rs 797.49 crore |
| Expenditure on Impact Assessment | Rs 19 lakh |
| Healthcare Projects | 50 hospitals supported, ~4 lakh people benefited |
| Cancer Care Facilities Pledged | Rs 1,800 crore for 3 greenfield facilities (AP, Maharashtra, Punjab) |
| Unspent Amount | Rs 274.00 crore (including Rs 250 crore for cancer care) |
| Environment & Ecology | 12 lakh saplings planted in FY2025; 49 lakh cumulatively since FY2022; 56 forest reserves supported; water harvesting potential ~3,387 crore liters |
| Renewable Energy Use | 38% of electricity from renewables (11,000 MWh I-REC purchase) |
| Livelihoods & Community Development | 5.2 million lives impacted in FY2025; 32,823 capital assets created; since 2008, 18.9 million lives across 36 states impacted |
| Impact Assessment & SROI | Social Return on Investment: Rs 13.33 per Rs 1 invested (FY2022-FY2025) |
Fulfilling the Mandate: Fiscal 2025 Expenditure Breakdown
At the heart of India’s CSR ecosystem lies Section 135 of the Companies Act, 2013, mandating firms to allocate 2% of their average net profits over three years toward social good. For ICICI Bank, FY2025—ending March 31, 2025—presented a calculated obligation of Rs 800.82 crores, based on robust financial performance that saw the Bank’s net profit soar to record levels amid economic recovery.
True to its reputation for precision, ICICI Bank not only met but slightly exceeded this threshold, disbursing a total of Rs 801.12 crores. This figure breaks down into Rs 800.93 crores for direct project implementation—spanning ongoing multi-year initiatives and fresh endeavors—and a modest Rs 19 lakhs for rigorous impact assessments. Nearly all funds, Rs 797.49 crores, flowed through the ICICI Foundation for Inclusive Growth, the Bank’s dedicated philanthropic engine established in 2008. This arm ensures efficient execution, leveraging partnerships with NGOs, government bodies, and experts to maximize reach.
What sets this expenditure apart is its strategic layering. Unlike sporadic donations, ICICI’s approach prioritizes long-term scalability. This allocation aligns with national priorities like the Sustainable Development Goals (SDGs), particularly SDG 3 (Good Health), SDG 13 (Climate Action), and SDG 8 (Decent Work). As per the Bank’s August 2025 statement, these investments have cumulatively empowered 1.89 crore lives since the Foundation’s inception, with FY2025 alone adding 52 lakh beneficiaries—a testament to compounding impact in a nation of 1.4 billion.
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Thematic Focus: Healthcare and Critical Care Advancements
Healthcare constituted a major thematic focus for ICICI Bank’s Corporate Social Responsibility (CSR) activities in fiscal year 2025. The Bank’s total CSR spending obligation for the year amounted to approximately Rs 8.01 billion (Rs 8,008.2 million / Rs 800.82 crore ).
A core part of this commitment involved partnerships with 50 hospitals, which collectively provided affordable oncology, cardiology, and ophthalmology services to roughly 4 lakh (~0.4 million) individuals. The Bank also maintained ongoing support through hospital equipment upgrades and funding free cardiac surgeries.
A significant financial commitment was the pledge of Rs 1,800 crore (Rs 18,000 million) for developing three greenfield cancer care facilities. These facilities are planned in partnership with the Tata Memorial Centre across three locations: Visakhapatnam (Andhra Pradesh), Navi Mumbai (Maharashtra), and New Chandigarh (Punjab). A milestone was reached with the foundation stone-laying ceremony in Visakhapatnam in June 2025.
Despite this progress, Rs 274 crore (Rs 2,740 million) of the allocated budget for these ongoing projects remained unspent. This unspent CSR amount was transferred to the Unspent CSR Account, specifically because of the prolonged time taken for critical statutory approvals, a factor that was beyond the control of the Bank.
Green Initiatives: Nurturing a Sustainable Tomorrow
ICICI Bank has made significant investments in environmental sustainability, reinforcing its focus on Natural Capital. As part of its corporate social responsibility (CSR) initiatives, which focus on environment and ecology, the Bank achieved several key targets during the period ending March 31, 2025.
The Bank planted 1.2 million (Rs 12 lakh) saplings in fiscal 2025, reaching a cumulative total of 4.9 million (Rs 49 Lakh) since fiscal 2022. Efforts in habitat restoration were undertaken across 56 forest reserves. Water conservation initiatives successfully created a cumulative harvesting potential of approximately 33.87 billion liters.
Furthermore, the Bank supported renewable energy by ensuring that 38% of its total electricity consumption in fiscal 2025 came from renewable sources. This figure includes the purchase of 11,000 MWh in International Renewable Energy Certificates (I-RECs). The CSR programs also included enabling the supply of renewable energy to rural schools and households. These actions reflect the Bank’s dedication to building a sustainable future.
Empowering Livelihoods and Community Development
Livelihood programs supported by the ICICI Foundation for Inclusive Growth impacted 5.2 million lives in fiscal 2025. These initiatives included skill development, agricultural support, and the creation of rural entrepreneurs. Furthermore, 32,823 capital assets were created or acquired through Corporate Social Responsibility (CSR) activities during the financial year. Financial inclusion efforts are significant, with the Bank extending credit to 1,004,669 women through Self-Help Group (SHG) loans in fiscal 2025.
Since its inception in 2008, the Foundation’s programs have positively impacted an estimated 18.9 million individuals across 36 states and union territories. The Foundation utilizes a holistic approach for sustainable and scalable development.
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FAQs: ICICI Bank CSR FY2025
How much did ICICI Bank spend on CSR in FY2025?
Rs 801.12 crore, exceeding its statutory obligation of Rs 800.82 crore.
Which areas were the main focus of CSR spending?
Healthcare, environment and ecology, and livelihoods/community development.
How many people benefited from ICICI Bank’s CSR initiatives in FY2025?
Approximately 5.2 million people were impacted.
What healthcare projects were undertaken?
Support to 50 hospitals, affordable cancer, cardiac, and eye care, and laying foundation for 3 new cancer care facilities.
What is the ICICI Foundation’s role in CSR?
It is the primary channel for CSR spending, implementing most projects and ensuring impact assessment and sustainability.
(India CSR)
