SBI Cards & Payment Services Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

**4.1.1.1.** **Sustainability & Business Responsibility Committee (SBRC)**\n\nTo provide oversight and ensure effective implementation of the policy and approve all strategic initiatives under this policy. SBRC's composition is as follows:\n\nshall be chaired by the MD&CEO and comprises of:\n\na. MD & CEO - Chairperson\nb. Deputy CEO – Member\nc. EVP & CPO - Member\nd. EVP & CFO - Member.\n\nSBRC shall meet once in quarter or earlier to oversee overall performance of environmental social and governance initiatives (ESG)and steer company's sustainability vision in the right direction.\n\nQuorum: Chairperson and any two members\n\nThe Sustainability & Business Responsibility Committee (SBRC) shall report to the Corporate Social Responsibility and ESG committee of the Board of Directors on Company's ESG strategy and road map to achieve its goals.\n\n**4.1.2.** **Corporate Social Responsibility and ESG Committee**\n\nResponsible for formulation of Business Responsibility and Sustainability Policy, overseeing implementation of the Policy and reporting thereunder.\n\n**4.1.3.** **Senior Management Team**\n\nResponsible to implement strategic initiatives approved by SBRC and to ensure keeping social, environmental and Governance objectives are considered in business decisions.\n\n**4.1.4.** **Sustainability Team**\n\nResponsible for policy implementation and coordinating with respective functions for implementation of sustainability initiatives. The core team will be a multi-functional team **which will be responsible for implementation of sustainability initiatives.**\n\nThe Sustainability Team is also responsible for preparing Business Responsibility & Sustainability Report (BRSR Report) in respect of reporting on ESG (Environment, Social and Governance) parameters as per the SEBI (LODR) Regulations 2015 and other applicable SEBI circulars on Business Responsibility and Sustainability Reporting and other extant guidelines. The revised reporting format of Business Responsibility and Sustainability Reporting will applicable from the financial year 2022-23. The BRSR report shall form part of the Annual Report of the Company.\n\nFurther the sustainability team shall make applicable disclosures and obtain assurance as per the Business Responsibility and Sustainability Report Core for the company and their value chain with effect from and in the manner as may be specified by SEBI from time to time.

https://www.sbicard.com/sbi-card-en/assets/docs/pdf/who-we-are/notices/sustainability-and-business-responsibility-policy1.pdf