Indiabulls Housing Finance now a part of the FTSE4Good Index
Mumbai, 24th August, 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.
Theinclusion reaffirms Indiabulls Housing Finance’s focus on environmental, socialand governance (ESG) performance. Indiabulls Housing Finance is amongst onlythree housing finance companies from India to be included in this index.
The index isbased on a company’s performance across 300 data points under three crucialpillars -Environmental, Social & Governance (ESG).
IndiabullsHousing Finance has been one of the leaders in ESG practices in the housingfinance sector:
EnvironmentIBHFL continuouslyaims to reduce the impact on environment by optimising the usage of variousresources. The company is ISO 14001:2015 certified for its EnvironmentalManagement Systems (EMS). Furthermore, the company’s initiative on digitizationhas led to a tremendous reduction in the usage of paper. IBHFL continues toexplore collaboration with partners that ensure conservation of energy andresources.
SocialIBHFL strives toapproach its CSR activities with the goal to identify and work across a rangeof social initiatives that have a long term sustainable impact. The company hasendeavoured to choose projects keeping in mind the Human Development Index normswhich address human resource development in areas of sanitation, healtheducation, nutrition, renewable energy, promotion of Arts & Culture.
GovernanceEthics, transparencyand personal accountability form the core values of the company. It focuses onhigh standards of corporate governance, in the conduct of its business. IBHFLadheres to all applicable governmental and regulatory compliances in order toensure complete transparency and accountability in all business practices.
Commentingon the company’s inclusion in the FTSE4Good Index, Gagan Banga, Vice Chairman,Managing Director and Chief Executive Officer said, “The FTSE Index is anextremely reputed index and we are glad to be a part of it. Our inclusion is atestament to the efforts that the company has consciously made towards growinginclusively and honestly for the betterment of both our customers and ourstakeholders. We are committed to not just uphold but continuously better ourstandards in this regard.”
TheFTSE4Good Index Series is designed to measure the performance of companiesdemonstrating strong Environmental, Social and Governance (ESG) practices.Transparent management and clearly-defined ESG criteria make FTSE4Good indexessuitable tools to be used by a wide variety of market participants whencreating or assessing sustainable investment products.
FTSE Russellmeasures and benchmarks asset classes in more than 80 countries and across 98percent of the investable global market