Climate Change Data

Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:2,878 tCO2e/year (Scope 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:2,878 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:26%
Total Energy Consumption:10,363.48 GJ/year
Water Consumption:44,188 kL/year
Waste Generated:298.34 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Emission Management
  • Customer Satisfaction
  • Business Ethics & Transparency
  • Climate change
  • Employee Well-being
  • Corporate Governance and Compliance
  • Talent Attraction & Retention
  • Risk Management
  • Digitization, Data Privacy and Security

Environmental Achievements

  • Reduced Scope 2 emissions from 2,059 tCO2e to 2,878 tCO2e
  • Implemented GSB technology with timers across 100% of locations to optimize energy usage
  • Limited direct overhead lighting to 25% or less
  • Implemented individual lighting controls for improved energy conservation
  • Switched to green electricity to minimize CO2 generation
  • Implemented double flush system, water sensors, and water faucet & water meter to minimize water wastage
  • Removed paper cups and plastic water bottles, reducing waste generation
  • Replaced paper towels with hand dryers in at least 44% of occupant spaces
  • Introduced indoor plants in at least 44% of occupant spaces to improve air quality
  • Implemented hygiene bins in at least 51% of occupant spaces

Social Achievements

  • Provided health insurance, accident insurance, and maternity benefits to 100% of employees
  • Achieved 94% return to work and 98% retention rates for female employees on parental leave
  • Implemented a Whistle-Blower Policy/Vigil Mechanism
  • Implemented a Policy on Prevention of Sexual Harassment (POSH)
  • Provided 68.2 average manhours of training per employee

Governance Achievements

  • Established a dedicated ESG committee
  • Implemented robust policies aligning with the Nine (9) NGRBC principles
  • Engaged E&Y to review existing policies and identify gaps

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Business ethics and transparency to ensure customer satisfaction
  • Corporate governance and compliance
  • Risk management
  • Data privacy and security
Mitigation Strategies
  • Emphasizing a “customer first” philosophy
  • Regularly measuring customer satisfaction
  • Maintaining a robust grievance redressal policy
  • Maintaining robust policies and a board-level committee to oversee corporate governance and compliance
  • Implementing a comprehensive business continuity plan
  • Developing and enforcing stringent cybersecurity policies
  • Conducting regular training for employees

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 27001:2022

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed