Sammaan accrues the leadership and exchange capabilities of Bombay Stock Exchange (BSE) along with CII's strong industry connect and IICA's knowledge and expertise to enable effective CSR compliance. Sammaan is a valuable platform for corporates, as it offers verified and transparent reservoir of non-profit organisations under one roof.
NGOs listed on Sammaan have gone through a mandatory and thorough registration process. And every single information input about the organisation and the programmes is verified. Likewise, companies need to register on Sammaan to access the information about the implementations agencies/NGOs and to avail the CSR compliance certificate at the end of the year. Many of the BSE listed companies are auto registered on Sammaan.
Companies can now choose to access this platform seamlessly to view, analyse, choose, fund and even monitor their CSR investments made. Thus, Sammaan is nothing less than an information warehouse on NGOs and their programs. And most definitely paves the way for corporates to meet CSR requirements.
It has been proved that CSR is instrumental in creating positive perceptions about the businesses and most importantly tangible outcomes with end customers. But by far, as much as the CSR seems like a humble initiative, it is the most complex buy-in that constantly requires leadership support to nurture. Investors and shareholders are increasingly demanding that outcomes from these investments be measured to understand the positive and sustainable impact on the beneficiaries. Sammaan understands how crucial it is for the corporates to create a balance between the outcomes and usage of funds in an optimal manner. Thus, Sammaan provides many options to manifest programs that fall under the ambit of CSR law.
Launched in November-2015, unveiled by the Honourable President of India Shri Pranab Mukherjee, Sammaan the CSR exchange is the first-of-its kind platform that provides an end-to-end framework to support corporates for their CSR endeavours.