Transcorp International Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Social Achievements
- Various skill-development, engagement and volunteering programs for employees.
Governance Achievements
- Established a Vigil Mechanism.
- Implemented an Anti-Sexual Harassment Policy.
- Constituted a Risk Management Committee.
Climate Goals & Targets
Environmental Challenges
- Fluctuations in foreign exchange prices.
- Increased competition.
- Reduction in profit margins.
- Changes in government policies.
- Show Cause Notice (SCN) from Directorate of Enforcement related to closed MTSS business.
Mitigation Strategies
- Satisfactory internal control systems.
- Aggressive pursuit of outward remittance business.
- Improvements to Integrated Enterprise Risk Management, Internal Controls Management and Assurance Frameworks.
- Pending legal proceedings against SCN.