Climate Change Data

Arman Financial Services Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Energy Consumption:5201 GJ

ESG Focus Areas

  • Governance
  • Social
  • Customer Relationship Management

Social Achievements

  • Various workshops and discussions with well-being experts and medical practitioners for employee well-being.
  • Training programmes on the safety of women employees for all employees.

Governance Achievements

  • The Company has a well-diversified Board with vast experienced members of different expertise striving for the highest standard of good governance.

Climate Goals & Targets

Environmental Challenges

  • Poor corporate governance practices
  • Regulatory compliance violations
Mitigation Strategies
  • Well-diversified Board with vast experienced members.
  • Regularly carrying out risk assessments to identify areas of potential exposure to compliance-related risks.

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • Reduced inequalities
  • Gender equality

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:8647 gigajoules (2023-24); 5201 gigajoules (2022-23)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Corporate Governance
  • Regulatory Compliance
  • Transparency and Disclosure
  • Return on Equity/Return to Shareholders
  • Maintenance of Credit Ratings
  • Customer Relationship Management
  • Employee Well-being
  • Human Rights
  • Environmental Sustainability
  • Inclusive Growth
  • Customer Engagement

Environmental Achievements

  • Implemented digital initiatives to reduce paper usage in MSME operations.
  • Reduced fuel expenses through virtual review meetings.

Social Achievements

  • 100% of permanent employees covered by health insurance.
  • Various awareness programs on safety protocols and employee well-being.
  • 79% of wages paid to persons employed in rural areas.
  • CSR initiatives benefiting vulnerable and marginalized groups.

Governance Achievements

  • Well-diversified Board with vast experience.
  • Regular risk assessments to identify compliance-related risks.
  • Code of Conduct policy for Board and KMPs.
  • Vigil Mechanism/Whistle Blower Policy in place.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Establish protocols to monitor resource utilization (water, paper, electricity).

Environmental Challenges

  • Poor corporate governance practices (potential risk).
  • Regulatory compliance violations (potential risk).
Mitigation Strategies
  • The Company has well-diversified Board, having vast experienced members of different expertise. The Board always strives to achieve the highest standard of good governance in both letter and spirit.
  • Regularly carrying out risk assessments to identify areas of potential exposure to compliance-related risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sourcing from local vendors and suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: N.A.

UN Sustainable Development Goals

  • Reduced inequalities
  • Gender equality

Embedded in business model since inception.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed