Awards & Recognitions
Section 12: FIRST Compass (ESG)
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FIRST Compass at IDFC FIRST Bank
FY23 Highlights
Environmental
Infrastructure: IGBC certification & LEED Certified Gold Standard for
multiple large offices
The HO IDFC FIRST Bank Tower (The Square, BKC) is fully powered
by green energy
Adopted Motion Sensors for lights and introduced Internet of Things
(IoT) in our AC systems in multiple offices.
Minimal consumption of water through aerators in washrooms at
large offices
Financing: Over 1.2 Lakh units (INR 1160 Cr) financed in EV sales in
FY 23 compared to 20K+ units in FY 22
Leading financier with maximum finance tie ups; introduced industry
first end-to-end digital journey on EV financing
Adherence to Equator Principles for project finance
Customer: Fully digitized customer journeys for multiple products to
save paper
Green financing towards purchase of low carbon electronics:
financed over 96K+ units of Invertor ACs. This Bank is spreading
awareness for using high energy-efficient products to reduce carbon
emission.
Waste Management: Swachh Worli Koliwada Program: More than
130K+ kg dry and wet waste processed in FY23 as compared to
92K+ kg in FY 22. About 10K households made aware about waste
management.
Segregation of dry & wet waste in 4 of our large offices
Over 10k KG of E-waste recycled through certified channel in FY 23
Social
✓ Employee engagement and learning: Focus on Employee L&D: About 17.5
lakh learning hours achieved with 50 average learning hours per employee in FY
23
Holistic employee wellbeing programmes covering physical, mental and
financial health with 134 Sessions held in FY 23
✓ Kamyaab Scholarship Program for students with autism where assistance was
provided to students in FY 23
✓MBA Scholarship Program for students with family income <Rs 6 lakhs. There
were 351 beneficiaries in FY 23 and over 1100 till date.
✓ Customers & financial inclusion: MSME Lending: Approx 10k Cr loans
disbursed in MSME segment during FY 23
✓ Rural bank branches with focus on lending to Small & Marginal Farmers and
customers with annual income below 2.5-3 lakhs
71% of female borrowers in live rural assets portfolio
✓ Large distribution reach to drive financial inclusion: Present in 25 Indian
states and 3 union territories
~20% of corporate book exposed to environmentally & socially responsible
companies in FY 23
✓ Community interventions: Employee Volunteering Over 6.5k volunteers
participated in various programs and contributed close to 8.5k hours in FY 23
Women Rehabilitation Program
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✓ Strong focus on CSR activities with voluntary spends of over Rs. 51 Cr over
the last three years. Over 17 Cr CSR expenditure in FY 23.
✓ ~20K households in FY 23 (~91K till date) benefitted through Shwetdhara
Program which helps in generating livelihoods for dairy farmers
Junoon Program for driving entrepreneurship from slum communities
Financial literacy campaign: Awareness about financial products and
services in 11 regional languages
Governance
Strong and experienced Board:
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Independence: 60%
Directors
Independent
11 Board Committees (majority members
are IDs and chaired by IDs)
Management committees are mapped to
respective Board Committees.
Diverse and relevant skill sets, with 40% of
Directors experienced in Digitalization and
IT/cyber security
Highly competent Board with over 30.
years of average experience
Dynamic and engaged Board, with high
frequency of Board meetings
100% average Board attendance
✓ 25 unique customer-friendly, and fee-free services
for savings account customers.
✓ Stringent Credit and Provisioning Policy
✓ Strong Capital Adequacy, LCR, PCR, Credit Rating
✓ Strong Risk Management Framework
✓ Strong Vigilance Mechanism
✓ Transparency: ZERO penalties on the bank for non-
disclosure
✓ No political contributions
✓ IDFC FIRST Bank Certified with ISO 27001
(Information Security Management System)
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