Fino Payments Bank Limited

Climate Impact & Sustainability Data (2022-23)

Total Carbon Emissions:Not disclosed

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:Not disclosed

Scope 3 Emissions:Not disclosed

Renewable Energy Share:Not disclosed

Total Energy Consumption:Not disclosed

Water Consumption:Not disclosed

Waste Generated:Not disclosed

Carbon Intensity:Not disclosed

Adopted a paperless approach, eliminating the need for conventional documentation in accounts opening and digital receipts. All operations are digitised, reducing the environmental impact.

Promoting diversity and inclusion: Collaboration with the ‘Sakhis’ program, training and empowering over 12,000 women bankers. Campaigns to encourage women to participate as distribution partners and customers. Inclusive work environment: No discrimination based on age, gender, or ethnicity. Health facilities: Comprehensive health insurance coverage to employees and education about maintaining good health practices. Community engagement: Widening its prosperity circle through relevant interventions in line with Sustainable Development Goals. Strengthened partnerships with merchants, accessing resources around a favorable price-value proposition.

Board of Directors includes one woman member. Focus on Board composition, comprising professionals of standing. Emphasis on trust, long-term viability, data-driven decision-making, contiguous growth, and integrity. Implemented a Whistle Blower Policy.

Restriction in offering the full range of banking services such as credit and investment products.
Customer demographics: Targeted customers belong to under-served or under-banked segments with limited awareness or understanding of banking.
Building trust and ensuring the security of transactions and customer data.
Dependence on a network of agents to provide banking services in remote areas.
Competition in the payments sector.

Focus on widening offerings within the permissible regulatory framework.
Investment in user-friendly interfaces to facilitate service adoption.
Implementation of robust security measures (secure encryption protocols, multi-factor authentication and regular security audits).
Effective agent on-boarding, training, performance monitoring and incentives to retain agents.
Offering innovative features, customized offerings and competitive pricing.

Supplier Audits: Not disclosed

Reducing inequality