JM Financial Limited : Sustainability
At JM Financial, we aim to balance profit with purpose by being socially responsible, sustainable and committed to sound governance practices.
Our goal is to prioritise sustainability and make a profound impact to benefit both the society and economy.
- To adopt environmentally sustainable practices to play our part in the transition to a green economy.
- To make our workforce more diverse and more inclusive, setting the stage for collaborative progress.
- To maintain the highest standards of corporate governance and drive sustainable value for our stakeholders.
Driving sustainable growth and positive impact for all our stakeholders through responsible investments and business advisory by integrating ESG principles across our operations.
Risk Management & ESG (Environmental, Social and Governance) Committee
As part of our commitment to Environmental, Social and Governance (ESG) excellence, the scope of the Risk Management Committee was expanded to oversee and monitor ESG initiatives effectively. Accordingly, the nomenclature of the Committee was changed to Risk Management and Environmental Social and Governance Committee (the “RM and ESG Committee”).
The matters that are considered by the RM and ESG Committee inter-alia includes review of ESG Policy, update on business responsibility and sustainability report covering various ESG aspects related to the Company, sustainable journey, ESG pillars, focus areas, ESG strategy, targets and roadmap. The Committee provides independent oversight, ensuring that decisions align with shareholder interests and regulatory requirements. Regular oversight from the Board ensures that the Committee's efforts are aligned with the Company's long-term objectives, and helps maintain accountability. Together, the Committee works to ensure the Company meets its environmental and social responsibilities, while promoting good governance and ethical business practices. The Board makes constant efforts to create sustaining business value and thereby enhancing stakeholder trust.
The RM and ESG Committee consists of four (4) members out of which two (2) are independent directors.
ESG Initiatives
Renewable Energy Usage
- We have incorporated renewable energy solutions at our registered office situated at Cnergy Prabhadevi, Mumbai. This initiative has led to a reduction in carbon emissions and energy consumption, at our office.
- Additionally, the company replaced conventional lights with LED lights, which minimizes the harmful effects of mercury and reduces health and environmental concerns. Projectors were also replaced with LEDs, contributing significantly to power consumption reduction and reducing waste.
- The Company has 9 Board of Directors of which 2 (constituting 22%) are women directors.
- The Company have conducted ESG training on topics such as Health & safety, Prevention of Sexual Harassment (POSH), Cybersecurity.
- The Company has an ESG Policy that encompasses key aspects of Environment, Social, and Governance. It is committed to undertaking initiatives aligned with its ESG policy commitments.
- There is a Risk Management and ESG committee with oversight from Board, the committee reviews risk management and ESG policy. ESG strategy and initiatives and monitoring its execution.
ESG Metrics
Environment
Total Scope 1 & 2 Emissions intensity per Rupee Turnover for FY 2023-24
Total non-hazardous waste generation 3.15 Tonnes for FY 2023-24
(As of 31st March 2024)
Social
JM Financial Limited has 36% representation of women in the workforce.
(As of 31st March 2024)
CSR
Highlights :-
JM Financial Foundation received the prestigious Mahatma Award
2023 for CSR Excellence along with a bonus, the Mahatma Award –
Best Social Impact Team in driving Social Responsibility, Social
Good and Impact 2023.
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JM Financial Limited received the coveted Golden Peacock Award
for Corporate Social Responsibility under the Financial Services
sector in the national category.
Philanthropic Giving :
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Supporting philanthropic causes has been part of JM Financial
Foundation’s essence and action since its inception. This year,
the JM Financial Foundation has extended support to commendable
work undertaken by several charitable organisations in the areas
of education, healthcare, sports development, support to the
differently-abled, animal welfare and promotion of Indian art
and culture. In FY 2023-24, JM Financial Limited contributed INR 3.69 Cr towards CSR initiatives. On a consolidated basis, ten contributing entities, including the holding company, contributed a total of INR 24.17 Cr during the same period.
Thrive
Diversity