Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 11.51% Reduction in Energy intensity per rupee of turnover
• 11.33% Reduction in Scope 1 and Scope 2 emissions per rupee of turnover
• Implementation of wastewater treatment and rainwater harvesting systems
• Shift from diesel vehicles to electric vehicles

Social Achievements

• Launched several schools and institutions
• Financial Assistance to SN Trust, Mumbai
• Financial support for Residential Tribal Schools
• Inauguration of Wonder World for Differently Abled Children
• Donation of Food Kits to Elderly People
• ‘Together For Thrissur’ program
• Organized Mega Quiz Event
• Strengthened skill development programs
• Community development efforts
• Quality education initiatives
• Healthcare services through MAcare, ambulance services, and financial support to healthcare institutions

Governance Achievements

• 25% of our Board consists of female members
• 83.33% of the Board members are independent directors
• Implemented an ESG policy
• Robust and effective corporate governance practices

Climate Goals & Targets

Environmental Challenges

• High operating expenses
• Inability to secure public deposits
• Increasing competition in the core business of gold loans
• Customer and employee attrition
• Operational risks from robbery and theft
• Macroeconomic developments
• Climate change

Mitigation Strategies

• Portfolio diversification
• Strong capitalization
• Stable asset liability profile
• Digital initiatives
• Stringent security measures
• Extensive audits and proactive strategies
• Continuous portfolio analysis
• Customized loan products
• Scenario analysis
• Adjusted credit and collection practices

Supply Chain Management

Responsible Procurement

• Stringent vendor onboarding process

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Changes in government policies, technological developments and change in consumer preferences

Opportunities

• Solar electrification
• Electric Vehicle Fleet

Awards & Recognition

• Unique Times - Excellence Award for Excellence in Financial Management
• DNA Award -Banking Frontiers DNA Award, for the best CSR activities
• Mint BFSI Summit and Awards - Best mid-size NBFC Award
• Women Executive Director at the 3rd Women Director’s Conclave 2023 at BSE - Jury Special Award for Dr Sumitha Nandan Executive Director of Manappuram Finance
• ET Entrepreneur Awards 2024 - Manappuram Foundation bagged the ‘Best Social Impact Campaign (CSR)’ award
• Elets BFSI CXO Award - To V.P. Nandakumar who was adjudged ‘Financial Success Champion’
• Quantic India’s 4th BFSI Excellence Award - Best Skill Development Initiative of the Year