SURYODAY SMALL FINANCE BANK LIMITED
Climate Impact & Sustainability Data (2021-22, 2022-23, 2023-24)
Reporting Period: 2021-22
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:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Financial Inclusion
- Ethical Conduct
- Community Development
- Environmental Sustainability
- Employee Well-being
Environmental Achievements
- Consciously reduced paper usage through digitalization.
- Implemented energy-efficient practices (LED lighting, energy-efficient equipment).
Social Achievements
- Provided Inclusive Finance loans targeting women in economically weaker sections.
- Offered Affordable Home Loans, supporting low-income families.
- Conducted health camps in partnership with local hospitals.
- Organized financial literacy programs to encourage saving behavior.
- Undertook initiatives to address COVID-19 related stress among MSMEs and individuals.
Governance Achievements
- Established various communication channels, including grievance redressal mechanisms.
- Implemented a Code of Conduct covering all employees, addressing ethics, accountability, conflict of interest, bribery, and corruption.
- Adopted a Code of Conduct for Directors & Senior Management.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Sourcing services locally where feasible
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVG-SEE)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:1763.32 tCO2e (Scope 2)
Scope 1 Emissions:Not Applicable
Scope 2 Emissions:1763.32 tCO2e
Scope 3 Emissions:0 tCO2e
Renewable Energy Share:0%
Total Energy Consumption:7836.97 MWh
Water Consumption:139289.28 m3
Waste Generated:0 tons
Carbon Intensity:1.3764 tCO2e/Crore (Scope 2)
ESG Focus Areas
- Financial Inclusion
- Corporate Governance
- Data Security
- Customer Satisfaction
- Climate Change Mitigation
- Employee Well-being
- Responsible Lending Practices
Environmental Achievements
- Digitization of processes to reduce paper usage
- Encouraging use of sustainable glass bottles instead of plastic bottles
Social Achievements
- Enhanced coverage for critical illnesses in Group Medical Cover
- Annual health check-ups, blood donation camps, eye and dental check-up camps
- Webinars on health and nutrition
- Programs to enhance gender diversity and inclusivity
- Financial literacy programs for students, parents, and domestic workers
Governance Achievements
- Adoption of Code of Conduct for Directors & Senior Management
- Implementation of a Code of Conduct covering all employees
Climate Goals & Targets
Medium-term Goals:
- Systematically track emissions across Scope 1 and Scope 2 and set targets (FY24)
- Systematically track Scope 3 emissions and set combined targets (FY25)
Short-term Goals:
- Establish a formal structure, charter and policies to integrate ESG aspects into mainstream activities
Environmental Challenges
- Compliance with regulatory oversight (RBI Act 1949, Companies Act 2013, SEBI Act)
- Risks associated with unsecured lending and cash-based loan repayments
- Data security risks
- Customer satisfaction risks
- Climate change risks (transition and mitigation)
- Employee training and development needs
Mitigation Strategies
- Frequent reviews of products and processes through various committees
- Suitable pricing, robust credit underwriting, strong in-house collection team, credit guarantee coverage, insurance, audit checks, and moving towards standing instruction clearance
- External and internal IT security controls
- Regulatory grievance redressal mechanisms and proactive customer outreach
- Detailed program to enhance Risk Management Systems to include assessment on Environment Risk – transition and mitigation
- Regular digital and physical training for all employees
Supply Chain Management
Supplier Audits: 0%
Climate-Related Risks & Opportunities
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:0
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:0 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:8241.15 MWh/year (estimated)
Water Consumption:226027 m3/year (estimated)
Waste Generated:0 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Financial Inclusion
- Compliance
- Corporate Governance
- Data Security
- Customer Satisfaction
- Environmental Sustainability
- Employee Well-being
- Community Engagement
- Human Rights
Environmental Achievements
- Digitization of processes to reduce paper usage
- Encouraging use of sustainable glass bottles
- Light sensors in restrooms
Social Achievements
- Various outreach and enablement linkages for financial inclusion
- Enhanced coverage for critical illnesses in Group Medical Cover
- Annual health check-ups, blood donation camps, eye and dental check-up camps
- Webinars on health and nutrition
- Programs to enhance gender diversity and inclusivity
Governance Achievements
- Establishment of an ESG Committee (effective May 6, 2024)
- Code of Conduct for employees, Directors & Senior Management covering ethics, accountability, conflict of interest, bribery and corruption
- Best-in-class governance practices
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Unsecured lending and loan repayments collected through cash
- Limited disclosure
- Wrong perception regarding Corporate Governance & Ethics
- Failure in economic performance or financial capital
- Data security risks
- Customer dissatisfaction
- Inadequate employee training and development
- Failure to achieve climate amelioration
- Risk Management enhancement needed (including environmental risk assessment)
Mitigation Strategies
- Suitable pricing, robust credit underwriting, strong in-house collection team, credit guarantee, insurance, audit checks, moving towards standing instruction clearance
- All policies published on the Bank’s website; complete disclosure about product details to customers; periodic customer interaction and awareness programs
- Following best-in-class governance practices
- Maintaining adequate liquidity and capital buffer above regulatory limits
- External and internal controls (antivirus, data classification, encryption, penetration testing, dark-web monitoring, etc.)
- Regulatory grievance redress mechanism; proactive customer outreach
- Regular digital and physical training for all employees
- Forming an ESG Committee
- Detailed program to enhance Risk Management Systems, including environmental risk assessment
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: BRSR
Certifications: Null
Third-party Assurance: N/A
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed