Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited)
Climate Impact & Sustainability Data (2021-09 to 2022-03, 2023-24)
Reporting Period: 2021-09 to 2022-03
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
- Carbon neutrality
- Technology leverage
- Environmental footprint reduction
- Responsible lending
- Employee welfare
- Financial inclusion
- Community service
- Governance
Environmental Achievements
- Developed a Sustainable Financing Framework with Sustainalytics, aligned with ICMA guidelines
- Plan to issue ₹5,000 Cr of sustainable bonds in FY23
Social Achievements
- JanSwasthya Kalyan (JSK) program provided free primary healthcare to 46,23,851 patients since inception
- Indiabulls Foundation initiatives benefiting 5,09,629 patients and 1,763 students
Governance Achievements
- Board led by ex-RBI Deputy Governor, majority independent directors
- Audit Committee chaired by ex-Partner of Deloitte, Haskins & Sells
- ESG Committee chaired by retired Supreme Court Judge
- Voluntarily applying to be part of NSE Prime for stricter corporate governance
Climate Goals & Targets
Long-term Goals:
- Company will be carbon neutral by FY32
Medium-term Goals:
- Reduce Scope 1 and 2 GHG emissions by 30% by FY32
- Reduce Scope 3 GHG emissions by 35% by FY32
- Recycle over 90% of all waste in tier-1 cities by end of FY27
- Renewable powered offices to be 10% of all offices by FY27
- Plant 2.5 lakh trees by FY32
- Share of e-home loan applications: 55% by FY27 and 75% by FY32
- Service requests through digital medium: 50% by FY27 and 80% by FY32
- 75% retail lending to be affordable housing and priority sector loans by FY27
- Add 100 branches in Tier 1 and 2 cities by FY25
- Drive customer satisfaction to 95% by FY25
- Gender diversity: 30% women managerial staff by FY27 and 40% by FY32
- Employee First: 40% managerial job openings to be internally filled
- Work from home: 25% by FY27 & 35% by FY32
Short-term Goals:
- Reduce Scope 1 and 2 GHG emissions by 25% by FY27
- Reduce Scope 3 GHG emissions by 25% by FY27
- LED lighting in 100% of offices by FY23
- Plant 1 lakh trees by FY27
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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: ICMA Sustainability Bond Guidelines (SBG) 2021, ICMA Green Bond Principles (GBP) 2021, ICMA Social Bond Principles (SBP) 2021
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Smart City Home Loan
- Smart City LAP
Awards & Recognition
- Not disclosed
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:2619.2 tCO2e (Scope 1 & 2)
Scope 1 Emissions:384.36 tCO2e
Scope 2 Emissions:2235.84 tCO2e
Scope 3 Emissions:13446 tCO2e
Total Energy Consumption:12102 MWh
Water Consumption:25159 m3
Waste Generated:5.83 tons
Carbon Intensity:0.36 Metric tonnes of CO2 equivalent / Revenue from operations in Crore Rs
ESG Focus Areas
- renewable energy
- carbon footprint reduction
- diversity and inclusion
- community development
- governance practices
Environmental Achievements
- Reduced energy consumption by using star rated appliances and replacing CFL lights with LED lights
- Installation of solar panels at one of its offices
- Reduced energy intensity, water intensity, and emission intensity
- Waste recycling initiatives
Social Achievements
- Expanded presence in key markets, opening new branches in emerging urban and rural areas
- Conducted 128 online & offline training sessions covering various aspects such as customer relationship management, credit risk analysis, operational efficiency, fraud prevention
- CSR initiatives focused on education, health, sanitation, rural development and environmental conservation
Governance Achievements
- De-promoterization with the erstwhile promoter fully exiting his shareholding
- Rebranding to Sammaan Capital Limited
- Resolution of Public Interest Litigation
- Successful rights issue and dollar bond issue
- Strengthened asset-light business model with 10 partner banks
Climate Goals & Targets
Long-term Goals:
- Achieve Carbon Neutral status by FY32
Short-term Goals:
- Increase customer satisfaction from 95% to 100% by FY25
Environmental Challenges
- Global macroeconomic uncertainties, geopolitical tensions, supply chain challenges
- High inflation prompting economies to raise interest rates
- Risk of losing customers that transfer out their loans for small gains in interest rates
Mitigation Strategies
- Strengthening asset-light business model
- Proactive asset-liability management
- Orderly run down of legacy book
- Structured deals and joint development partnerships to mitigate risks associated with legacy loan portfolio
- Expanding co-lending partnerships
- Technological integration to improve operational efficiency and customer convenience
- Disciplined deleveraging and focus on building a fortress balance sheet
Supply Chain Management
Responsible Procurement
- Clause in loan arrangements mandating borrowers to comply with labor laws, environmental regulations, health and safety standards, and social regulations