– Index inclusion reaffirms Indiabulls Housing Finance’s Environmental, Social and Governance performance
– Indiabulls Housing Finance one of only three housing finance companies from India selected in the index
Mumbai, September 03, 2017: Indiabulls Housing Finance (IBHFL), one of the country’s leading housing finance players, has been included in the FTSE4Good Index – an index designed by FTSE Russell, a leading global index provider,wholly owned by London Stock Exchange Group.
The inclusion reaffirms Indiabulls Housing Finance’s focus on environmental, social and governance (ESG) performance. Indiabulls Housing Finance is amongst only three housing finance companies from India to be included in this index.
The index is based on a company’s performance across 300 data points under three crucial pillars – Environmental, Social & Governance (ESG).
Indiabulls Housing Finance has been one of the leaders in ESG practices in the housing finance sector:
Environment
IBHFL continuously aims to reduce the impact on environment by optimising the usage of various resources. The company is ISO 14001:2015 certified for its Environmental Management Systems (EMS). Furthermore, the company’s initiative on digitization has led to a tremendous reduction in the usage of paper. IBHFL continues to explore collaboration with partners that ensure conservation of energy and resources.
Social
IBHFL strives to approach its CSR activities withthe goal to identify and work across a range of social initiatives that have a long term sustainable impact. The company has endeavoured to choose projects keeping in mind the Human Development Index norms which address human resource development in areas of sanitation, health education, nutrition, renewable energy, promotion of Arts & Culture.
Governance
Ethics, transparency and personal accountability form the core values of the company. It focuses on high standards of corporate governance, in the conduct of its business. IBHFL adheres to all applicable governmental and regulatory compliances in order to ensure complete transparency and accountability in all business practices.
Commenting on the company’s inclusion in the FTSE4Good Index, Gagan Banga, Vice Chairman, Managing Director and Chief Executive Officer said, “ The FTSE Index is an extremely reputed index and we are glad to be a part of it. Our inclusion is a testament to the efforts that the company has consciously made towards growing inclusively and honestly for the betterment of both our customers and our stakeholders. We are committed to not just uphold but continuously better our standards in this regard. ”
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.
FTSE Russell measures and benchmarks asset classes in more than 80 countries and across 98 percent of the investable global market
Corporate Comm India(CCI Newswire)
