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ESG Vision

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.

ESG Mission
  • 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.
ESG Purpose

Driving sustainable growth and positive impact for all our stakeholders through responsible investments and business advisory by integrating ESG principles across our operations.

Policy & Reports
ESG Policy
BRSR Report
ESG Factbook 23-24
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.
CSR
  • We at JM Financial believe in inclusive development for the community at large, manifested through its Corporate Social Responsibility (CSR). It espouses a value-system and philosophy that is deeply committed to be a socially responsible championing causes that catalyze development for those most deserving. Over the past two decades and more, the Group has extended its support to causes aiding education, healthcare, livelihoods, disaster relief and animal welfare. JM Financial Foundation (JMFF) – the CSR implementing arm of the Group, actively works towards community development with a focus on integrated rural transformation in predominantly difficult rural terrains of our country.
  • In the year 2024, our CSR efforts were directed towards empowering children with education and sports to supporting the aspirations of the youth, aiding farmers with sustainable agri-practices, strengthening women through healthcare, and caring for the eyesight aged, we continued our intensive interventions in Bihar and Maharashtra. In the same way, our extensive outreach in nineteen states and three Union Territories of the country continued through our project - Shiksha Samarthan.
    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.
  • JM Financial Limited received the coveted Golden Peacock Award for Corporate Social Responsibility under the Financial Services sector in the national category.
    • Philanthropic Giving :
  • 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
  • Thrive is a movement towards empowering our most valuable asset- our people, the members of the JM Financial family. It is a commitment to a culture where professional achievements harmonize with the personal growth, fostering and environment that is conducive to success, well-being and fulfilment. Empower your mind - Thrive U 2.O is where mental agility and emotional well-being take centre stage. Under this cornerstone of Thrive, we have provided an Employee Assistance Program (EAP) designed to support the mental and physical well-being of employees.
Diversity
  • We are committed to Diversity and Inclusion. A conscious efforts are made to ensure equality.
  • Diversity Statement: “At JM Financial, we believe in actively working towards building a culture of Diversity and Inclusion. We believe that the culture of fairness will encourage and empower employees to be innovative, successful, and prioritize their wellbeing.”
  • Total Diversity ratio for FY 2023-2024, 36% Women in Workforce – Source : BRSR Report FY 2023-2024.
  • 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 Energy Consumption (Giga Joules) for FY 2023-24
Total Energy from Non- Renewable sources
Total Energy from Renewable sources

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

Total Women in Workforce1 (FY 2023-24)
% of main in total workforce
% of women in total workforce

JM Financial Limited has 36% representation of women in the workforce.

(As of 31st March 2024)

It is the policy of the Company to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, caste, national and social origin, religion, gender, age, disability, citizenship, marital status, gender identity, sexual orientation, military status or any other characteristic protected by applicable law. The Company is committed to a work environment in which all individuals are treated with respect and dignity. Each individual should have the ability to work in a professional atmosphere that promotes equal employment opportunities and prohibits discriminatory practices, including harassment. The Company expects that all relationships amongst the stakeholders in the workplace is business-like and free of bias, prejudice and harassment.

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