Spandana Sphoorty Financial Limited (SSFL)
Climate Impact & Sustainability Data (2022-23, 2023-04 to 2024-03, 2024)
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:220.35 tonnes CO2e (Scope 1) + 1865.76 tonnes CO2e (Scope 2)
Scope 1 Emissions:220.35
Scope 2 Emissions:1865.76
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:11326 GJ
Water Consumption:2097.55 KL
Waste Generated:Not disclosed
Carbon Intensity:0.22 tonnes CO2e/FTE
ESG Focus Areas
- Financial Literacy
- Financial Inclusion
- UN Sustainable Development Goals
- Environmental Sustainability
- Social Welfare
- Governance
- Employee Wellbeing
- Inclusive Growth
- Ethics & Transparency
Environmental Achievements
- Reduced paper consumption through digitization
- Encouraged use of glass/metal bottles to reduce plastic waste
Social Achievements
- Financial literacy programs for over 50,000 women
- Tailoring training centers for 2,300 women, resulting in job placements and self-employment
- CSR initiatives in aspirational districts
Governance Achievements
- Implementation of policies addressing Sexual Harassment and Whistleblower protections
- Code of Conduct for Directors and Senior Management
- Vigil/Whistleblowing mechanism
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 from small and local businesses
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Embracing sustainable solutions and financing green initiatives
Reporting Standards
Frameworks Used: Null
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: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:3318.835 tCO2e/year
Scope 1 Emissions:178.165 tCO2e/year
Scope 2 Emissions:3140.67 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:16252.19 GJ/year
Water Consumption:3393.19 KL/year
Waste Generated:Not disclosed
Carbon Intensity:0.125 gram CO2e/`
ESG Focus Areas
- Customer Centricity
- Commitment to Employees
- Positive Social Impact of Products and Services
- Brand and Reputation Management
- Regulatory Compliance and Ethical Business Practices
Environmental Achievements
- Implemented measures such as installing low-consumption and energy-efficient fixtures, employing sensor taps resulting in reduction in energy consumption and Scope-2 GHG Emissions.
- Replaced plastic water bottles with glass or steel bottles resulting in reduction in Single Use Plastic (SUPs) consumption and reduction in overall plastic waste.
- Emphasized digitalization to minimize paper waste resulting in reduction in paper consumption.
Social Achievements
- Codified commitments to ESG principles through adoption of policies like ESG Governance Framework, Environment and Social Policy and Policy on Environment and Social Management Systems.
- Provided tailoring training to 600 women, resulting in 215 securing job placements and 286 becoming self-employed.
- Provided financial and digital literacy training to over 12,428 women.
Governance Achievements
- Established a Sustainability Committee to identify initiatives, set targets and manage sustainability risks and opportunities.
- Board of Directors annually assesses business responsibility and sustainability performance.
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
- Procurement from local businesses, women-led businesses, and MSMEs whenever feasible.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed