Home First Finance Company India Limited
Climate Impact & Sustainability Data (2023-04-01 to 2024-03-31)
Reporting Period: 2023-04-01 to 2024-03-31
Environmental Metrics
Total Carbon Emissions:15.02 + 439.34 = 454.36 tCO2e/year
Scope 1 Emissions:15.02 tCO2e/year
Scope 2 Emissions:439.34 tCO2e/year
Total Energy Consumption:618795.76 + 869565.19 = 1488360.95 kWh/year
Carbon Intensity:0.57 Metric tonnes of CO2 equivalent / ` crores of turnover
ESG Focus Areas
- Green Housing
- GHG emissions
- Green initiatives
- Governance
- Leadership
- Oversight
- Employee Training & Development
- Health & Safety
- Community Relations
- Data Protection and Privacy
- Risk Management
- Code of Conduct & Business Ethics
- Sustainable Finance
- Customer Satisfaction
- Operational Eco-Efficiency
- Climate Resilience
- Employment & Labor Practices
Environmental Achievements
- 230 customers onboarded for constructing Green Homes, 8 completed implementation pending certification
- Partnership with Sintali to certify Green Homes under IFC-EDGE protocol
- Onboarding of Home Inspectors to guide customers on Green measures
Social Achievements
- 13,495 man-hours of employee training in FY24
- ~29% women employees, 51% at head office, 22% in senior management
- EWS and LIG customers account for more than ~63% of AUM
- Prepayment facility on Customer App
- ~88 loans with women as primary or co-borrowers
- 95% active customers registered on HomeFirst Customer Portal App
Governance Achievements
- 7 of 8 Directors are non-executive, 4 of 8 Independent Directors and 2 of 8 Woman Directors
- ESG policy reviewed annually
- Quarterly updates of ESG plans presented in Board Meetings
- Monthly ESG dashboard reported to management
Climate Goals & Targets
Environmental Challenges
- Funding properties in inappropriate locations may lead to environmental, social, health, and safety issues
- Inadequate property assessment and non-compliance with regulatory laws impact recovery prospects
Mitigation Strategies
- Clearly defined criteria for selecting properties to be financed, covering environmental, social, health, and safety aspects
- Regular communication of criteria to Property Assessment team
- Reports from empaneled valuers for independent opinion on location suitability and regulatory aspects
Supply Chain Management
Responsible Procurement
- Encouragement to procure locally
- Electronic payments to support local community
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, Integrated Reporting Framework, UN SDGs