Project Inspire: 'Future Proofing' HDFC Life
ESG at a glance
The 5 Pillars
of ESG
1. Ethical Conduct &
Governance
2. Responsible
Investment
3. Diversity, Equity and
Inclusion (DE&I)
4. Holistic Living
5. Sustainable
Operations
•
•
Environment
Board approved Environment and
Climate Change Policy
Climate-related performance disclosed in
accordance with the TCFD (Taskforce on
Climate-related Financial Disclosures)
recommendation
Renewable energy consumption
increased by ~55% (from 239.8 MWh
in FY22 to 530.8 MWh in FY23)
Increased focus on Circularity and
Digitisation for ensuring Sustainable
operations (For detailed disclosures and
KPIs, refer to the Integrated Annual
Report FY 2022-23)
Social
Launched Employee Resource Groups
-
(ERGS) Women in insurance, Life of Pride
and Happiness at work to create a more
inclusive workplace
Women in workforce:
Average hours of training
per FTE:
26.3%
11.45 lakh
•
•
•
Governance
ESG governed by the Board CSR & ESG
Committee and driven by the ESG
Management Committee and cross
functional teams
Responsible Investment (RI) Policy
and framework for integrating ESG issues
into investment decisions
ESG Governance Committee
constituted under the investment team
for integration of ESG factors in the fund
management process and engagement
with the investee companies
Asset classes covered under RI:
Equity and equity-related securities,
Alternate Investment Funds (AIFS),
Investment Trusts, Corporate Bonds
Materiality Assessment conducted as per
GRI Universal Standard 2021
Featured in the 'Leadership' category in
the list of Indian Corporate Governance
Scorecard
14 of 17
•
60.2
CSR contribution:
19.5 crore
•
No. of beneficiaries:
•
UN SDGs covered:
•
GHG emissions
(Scope I, II & III): 14,994 tCO2e
Customer Satisfaction
(CSAT) Score (weighted
average of FY 2022-23):
Overall Claim Settlement
Ratio:
90.7%
99.7%
HDFC Life scored 79 percentile in the 2022 S&P Global Corporate Sustainability Assessment
Click here:
HDFC Life ESG Report
HDFC Life Sustainability Factsheet
27
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