Almondz Global Securities Limited
Climate Impact & Sustainability Data (2018-03 to 2019-03, 2020-21)
Reporting Period: 2018-03 to 2019-03
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Social Achievements
- Spent Rs. 5.58 Lakhs on CSR activities.
Governance Achievements
- Implemented a Code of Conduct for Prevention of Insider Trading.
- Established a Vigil Mechanism for its Directors and employees.
Climate Goals & Targets
Environmental Challenges
- Temporary liquidity crisis in the NBFC segment.
- Concerns over the ability of financial institutions in repaying their short-term commitments.
- Sharp decline in usage of commercial papers, NCDs and other short term money market instruments as a source of borrowing for NBFCs.
- Sharp drop in disbursements by NBFCs, highlighting the vulnerability and crisis of confidence for the sector.
Mitigation Strategies
- RBI intervened with liquidity boost (Rs. 500 billion).
- Increased concentration limits for banks’ exposure and priority lending norms were taken.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020-21
Environmental Metrics
Social Achievements
- Implemented a work from home policy to ensure employee safety during the COVID-19 pandemic.
- HR department continuously in touch with employees to guide and solve problems, creating awareness regarding COVID-19 and educating employees about precautions.
Governance Achievements
- Established a Vigil Mechanism (Whistle Blower Policy) for Directors and Employees.
Climate Goals & Targets
Environmental Challenges
- The outbreak of the COVID-19 virus and the ensuing lockdown imposed across the country affected business operations.
- Stoppage of operations for an uncertain period resulted in a large financial burden and workforce idling.
Mitigation Strategies
- Implemented a work from home policy.
- HR department provided guidance and support to employees.