Franklin Templeton Investments:
Corporate Social Responsibility
FRANKLIN TEMPLETON INVESTMENTS INDIA
Franklin Templeton Investments is a premier investment management firm with over 65 years of global investment expertise. Established in India in 1993, we have over 2 decades of rich experience with specialized expertise across various investment styles and asset classes; all dedicated to one goal: delivering quality results for our investors.
At Franklin Templeton Investments, we believe that Corporate Citizenship is a critical link between integrity and performance—how we do the right things the right way in order to deliver value to our stockholders, clients, employees, and our communities. Citizenship is embedded in our corporate values and is an important element of how we achieve success in working with all of our key stakeholders.
As part of our social purpose initiatives in India, Franklin Templeton continues to partner with several organizations with a focus on education, vocational skilling, livelihood and infrastructure development.
- Akanksha Foundation (Education)The Akanksha Foundation is a non-profit organisation with a mission to provide children from low-income communities with high-quality education, enabling them to maximize their potential and transform their lives. The foundation works in the field of education, initiating school reform through ‘The School Project’, and providing supplemental education through the Akanksha centers. Currently, Akanksha reaches out to over 6500 children through two models: the after-school or center model and The School Project. As part of our CSR programme, we have adopted the Abhudaya English Medium School in Mumbai. Our program attempts to address the inequities in education by creating reforms in the education system in partnership with the government. The program aims to: a) prove that every child has ability to learn and excel, b) demonstrate the importance of skilled educators by investing in recruitment and retention of high quality staff, c) use schools as labs to improve quality of education in government schools.
- Bala Vikasa Social Service Society (Infrastructure)Water purifier plants: Bala Vikasa is an organization devoted to sustainable development in India. Their approach is to help communities help themselves by providing rural villagers with the tools and resources they need to transform their lives. The situation of slum dwellers is especially poor on the area of clean drinking water. Municipal water supplied is often contaminated leading to high incidences of water borne diseases. We joined hands with Bala Vikasa for a project to set up water purifier plants in various locations across the country. These installations had an impact on about 2800 children, 2000 youth, 3000 rickshaw pullers, 6000 families across 6 locations in India.
- American India Foundation Trust (Livelihood)The American India Foundation (AIF) is a non-profit organization devoted to accelerating social and economic change in India. AIF has partnered with multiple NGOs in India to build a trusted network for implementation, scale, and sustainability. Franklin Templeton India is in its second year of partnership with AIF. In year one, we focused on providing rickshaws in the Indian village of Sitapur. The project focused on facilitating an ecosystem which leads to increase in income levels of rickshaw pullers, reducing poverty and create a source of livelihood, hinging on self-reliance and financial discipline. In 2016, we joined hands with them to support their livelihoods and skill development programme called Market Aligned Skills Training (MAST) and Ability Based Livelihood Empowerment (ABLE) in Mumbai. ABLE is a project that works to ensure that persons with disabilities are able to obtain equal, inclusive and dignified livelihoods. The MAST program works towards skill development and access to employment for persons with disabilities.
- Agastya International Foundation (Livelihood)Agastya is an Indian education trust and non-profit organization based in Bangalore, India whose mission is to spark curiosity, nurture creativity and build confidence among economically disadvantaged children and teachers in India. Founded in 1999, Agastya runs hands-on science and art education programs in rural and semi-urban regions across 18 Indian states. It is one of the largest science education programs that caters to economically disadvantaged children and teachers in the world. Franklin Templeton has been associated with Agastya for the past few years and has sponsored mobile vans for the foundation.
- Akshaya Patra Foundation (Education)The Akshaya Patra Foundation is a not-for-profit organisation headquartered in Bengaluru, India. They tackle issues like hunger and malnutrition, by implementing the Mid-Day Meal Scheme in the government schools and government-aided schools. It is the world’s largest (not-for-profit run) mid-day meal programme serving every-day wholesome food to over 1.6 million children from 13,500+ schools across 11 states in the country. Provision of hygienically cooked, Nutritional mid-day meal to government school going children has been a critical catalyst in increasing enrollment, attendance and classroom participation. A single meal plays a major role in the holistic development of the child. We have tied up with Akshaya Patra to sponsor meals for 16,500 children and have sponsored food delivery vans.