At Allied Bank, we have clearly defined Corporate Social Responsibility objectives which revolve around behaving ethically, following best practices and contributing to the economic development of the country.
Today, we are amongst the very few organizations that have a CSR and Donations Policy in place. Our charity and social programs focus on contributing towards the economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large.
In line with our CSR philosophy, we believe that it is our moral and ethical responsibility to continuously step up and offer a helping hand to the members of the community in need.
Corporate Social Responsibility
Our Corporate Social Responsibility philosophy (CSR) has focused around some key areas over the years, such as education, healthcare, sports promotion, environment, promotion of art and artists, staff welfare and engaging the staff in healthy activities.
Our CSR Track Record
Our foremost responsibility is to be successful in order to provide our shareholders the best value against their investment. We think it our responsibility to introduce new innovative products for our customers; facilitate them by providing a comfortable environment at the branch level; and introduce new ways and means for easy banking.
Our other key responsibilities are also to create growth opportunities for our employees and their family members, and give back to the communities irrespective of their geographical locations, ethnic origins, and cast, color or creed.
Investment in education is of paramount importance to enable the progress of our country. Therefore, significant contributions are being made towards imparting quality education to the bright young men and women of our society. The Bank has been furthering the cause of education by sponsorships and donations to leading educational institutions as well as those run on Non-profit basis.
National Management Foundation (LUMS) and Institute of Business Administration (IBA) have been two key beneficiaries of our Donations Policy. Some of the noteworthy contributions during 2013 include:
- Suleman Dawood School of Business (LUMS)
- Institute of Business Administration (IBA)
- Karachi Education Initiative
- Custom Public School
- Namal Education Foundation
- Pak-Turk Schools and College
- Tehzeeb Social Welfare Organization
The Bank has been contributing substantial amounts to leading healthcare institutions over the years, including the following beneficiaries in 2013:
- Al Mustafa Trust
- Bakhtawar Amin Memorial Trust
- Tameer Welfare Organization
- Shaukat Khanum Memorial Cancer Hospital
Sports has been one key area which enables any country to gain enormous respect in the world and also act as a catalyst for forming favorable perception on international level – probably more than any other field. The country has produced a large number of sports personalities and the Bank realizing its responsibility towards sports promotion, has made substantial contributions towards promotion of various sporting activities within the society.
The Vintage & Classic Car Club of Pakistan (VCCCP) organized a car rally from Karachi to Islamabad during the latter part of the year, which was sponsored by Allied Bank. The key objective of the rally was to project Pakistan‘s softer image to the outside world. The Bank also sponsored a number of other sporting events during the year, including a Polo tournament in Lahore and golf tournaments in Karachi, Islamabad and Faisalabad.
Assistance in Calamity Hit Areas
The Bank has always answered the call in times of crises on national level, be it the earthquake of 2005 in the northern areas of Pakistan, the floods in 2010 or the devastating rains that crippled the agri sector of Sindh in 2011 while rendering a large population of the province homeless. Following the devastating earthquake in Balochistan that killed hundreds and rendered thousands homeless, Allied Bank contributed Rs. 10 million to the Prime Minister’s Earthquake Relief Fund for Balochistan.
As part of our commitment towards energy conservation and alternate energy solutions, 1st green energy Solar based branch was established by the Bank during the year. Similar Solar based and Inverters based energy solutions were installed at other locations as a pilot project to analyze cost benefits and based on the results further installations
would be carried out going forward.
Employment of Special Persons
The Bank is an equal opportunity and affirmative action employer, in its true spirit. We encourage minorities, females and also the special persons to apply for jobs in the Bank. Special persons are not discriminated on the basis of their handicaps. Female employment ratio has reached 13% in 2013, reflecting Your Bank’s continuous commitment towards gender equality.
Occupational Safety & Health
Recognizing the responsibility of safety of our valued staff members, the Bank has instituted group life insurance along with medical reimbursement. Moreover, all sites of the ABL are fitted with fire extinguishers and fire hydrant systems at multi-story buildings. Mock fire-fighting drills are regularly carried out to enhance the coordination of the staff members and ensure that losses in case of an actual event are minimal.
Contribution to National Exchequer
During the year Allied Bank has directly contributed Rs 4.1 billion and acting as an agent of the Central Board of Revenue Rs 5.1 billion on account of withholding income tax and Rs 389.5 million on account of Federal Excise Duty to the national exchequer.
Allied Bank aims at having one of the best in class human resource, consisting of youth and experience. The Bank’s growth and success can be attributed to the dedicated workforce whose exemplary work ethics, attitude towards collective growth and sheer sense of belonging has made this organization one of the top banks in Pakistan.
The Management believes in looking after its employees in terms of their physical, spiritual and emotional wellbeing as well as their financial needs at all times.
We believe that healthy individuals make healthy nation. In line with that belief, we have been contributing substantial amounts to leading healthcare institutions over the years. The list of institutions supported
during the year includes:
- Shaukat Khanum Memorial Cancer Hospital
- Liver Center, Civil Hospital, Faisalabad
- Bakhtawar Amin Memorial Trust Hospital
- Laeeq Rafiq Foundation, Multan
- Lahore Business Association for Rehabilitation of Disabled (LABARD)
- Aziz Jehan Begum Trust for the Blind
- Imran Khan Foundation
- BaitulSukoon Trust
- Al Mustafa Trust
Reconstruction in flood affected areas
Allied Bank has always been among the first to respond in times of national crises. Following the catastrophic nationwide floods in 2009 and 2010 wherein thousands of families were rendered homeless in Khyber Pakhtunkhwa, Southern Punjab and Sindh, Allied Bank undertook the task of rebuilding homes in the affected areas. We completed the project and handed over more than 250 homes to the affected families.