ENVIRONMENTAL AND SOCIAL MANAGEMENT SYSTEM (ESMS)
The organization has established an Environmental and Social Management System (ESMS) to integrate sustainable development into its core business strategies. KFL recognises the importance of sustainable finance to achieve triple-bottom-line outcomes in the long term, focussing on the Economic, Social, and Environmental impacts. KFL’s core business practices are aligned with the United Nations’ Sustainable Development Goals (UNSDGs), an international benchmark for promoting a sustainable future. KFL’s services directly contribute to several SDGs, including:
Mapping SDGs with our business activities:
Goal 1: No Poverty
Our Activities
Financial inclusions
Insurance coverage
Goal 2: Good Health & Well-being
Our Activities
- Awareness campaigns on safe driving practices (Be a Good Samaritan Awareness Campaign); helmet distribution
- Health Check-up camps
- Blood donation camps
- Health Insurance & Accident Cover Insurance
- First-aid training
- Fire safety training & Mock drills
Goal 3: Quality Education
Our Activities
- Kids Educational Welfare (Donation of fees to children from underprivileged homes)
- Employee learning and development programmes
- Financial Literacy
Goal 4: Gender Equality
Our Activities
- Women as co-borrowers
- Diversity and inclusion in the workplace
- Favourable policies for women
Goal 5: Clean Water and Sanitation
Our Activities
- Establishment of safe & clean drinking water plant
- Safe & hygienic sanitary conditions
Goal 6: Clean Water and Sanitation
Our Activities
- Sustainable underwriting, ESG due diligence and responsible financing practices
- Promoting inclusive employment allowing persons with disabilities to fully access the job market
Goal 7: Clean Water and Sanitation
Our Activities
- Assisting MSMEs in process & technology upgradation; product enhancement
- Assisting vehicle owners to increase the fleet size; upgrade to eco-friendly options
Goal 8: Reduced Inequality
Our Activities
- Fostering equal opportunity for all employees
- Ensuring safe and healthy workplace for employees
- Health, wellness and welfare initiatives
Goal 9: Responsible Consumption and Production
Our Activities
- Scientific disposal of e-waste through authorised recyclers
- Phasing out of plastic bottles
- Use of sustainable materials – glass bottles
- Energy conservation/efficiency Reduction in plastic usage
Goal 10: Climate Action
Our Activities
- An overarching policy on environment management 4
- Digitalisation to reduce paper consumption, travel, and carbon footprint
- Use of energy-efficient LEDs and workstations
- Encouraging employees to be ESG torchbearers
- Focussed efforts towards reduction in GHG emission
Goal 11: Peace, Justice and Strong Institutions
Our Activities
- Accountability and transparency towards stakeholders
- Zero corruption and bribery
- Zero incidents of child labour and forced labour
- Robust governance, fraud prevention and cyber security practices
Goal 12: Partnerships for the Goals
Our Activities
Promoting financial inclusion policies for under-privileged sections
