WEALTH FIRST PORTFOLIO MANAGERS LIMITED
Climate Impact & Sustainability Data (2018-19, 2020-21)
Reporting Period: 2018-19
Environmental Metrics
ESG Focus Areas
- Financial Education
- Community Investment
- Client Centricity
Social Achievements
- Conducted Investor Awareness Programs for over 1200 individuals.
- Conducted 795 awareness workshops in eight locations in Gujarat, assisting charitable trusts in generating more income.
Governance Achievements
- Maintained a strong compliance record with no reported frauds or significant legal issues.
Climate Goals & Targets
Environmental Challenges
- Highly volatile market due to dwindling volumes and regulatory announcements.
- 15% revenue reduction from Mutual Funds.
- NBFC crisis impacting the financial ecosystem.
- India's economic slowdown.
Mitigation Strategies
- Increased client base, particularly in HNI and MNI categories.
- Avoided credit funds as investment instruments.
- Intense customer engagement efforts to provide reassurance.
- Identified a tax arbitrage insurance product for clients.
- Eliminated certain products based on continuous analysis.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Best Performing Regional Financial Advisor (West) Award 2018-19
Reporting Period: 2020-21
Environmental Metrics
Governance Achievements
- Advanced from NSE’s SME board to its Main Board
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic leading to temporary closure of economic activities and uncertainty
- Second wave of COVID-19 impacting economic recovery
- Aggressive second wave impacting the investing community
Mitigation Strategies
- Connected with clients, reassured them, answered queries
- Proactive investment in technology allowed seamless operation from anywhere
- Advised clients on readjusting portfolios to maximize benefits from emerging opportunities