**ESG GOVERNANCE**
The overriding ESG approach is linked to the primary objective of the Company, which is enabling Indians to become homeowners.
Given the increasing focus and rising stakeholder expectations on ESG coupled with the fact that this is still an evolving space with varying standards and frameworks, at this juncture, the Company has opted to rely on the collective expertise of the entire board of directors of the Company for oversight of the ESG framework.
The Board of Directors of the Company has entrusted the responsibility of Company's action plan and implementation and oversight of various Environment, Social and Governance aspects in the Company, in the context of Business Responsibility and Sustainability to the Risk Management Committee of the Board.
The executive directors of the Company i.e., the Managing Director and the Deputy Managing Director/whole-time director in charge of business responsibility and sustainability are collectively responsible for the vision, strategy and implementation of the ESG framework of the Company. The Executive Directors have the overall responsibility of monitoring ethics, transparency, compliance and human capital. Monitoring Human Capital including employee engagement, retention, recruitment, succession, planning, talent development, corporate culture, diversity, equity, and inclusion, health, safety and compensation programs etc.
Further, the internal Committee on ESG shall comprise the Chief Financial Officer, Risk Management Head, Compliance Head, Products & Strategy Head, Credit Head, HRM head, Premise Head and the Company Secretary. This Committee shall assist the Risk Management Committee of the Board in all respect for implementation of the BRS policy & framework.
Quorum & Compulsory attendance of Members of the internal Committee: Quorum will be at least 50% of the number of members in the committee. The Head of Risk Management Dept., CSR Dept., Compliance Dept. and HR Dept. have to be present in the meeting to form the quorum.
Periodicity of meetings: At-least once in a quarter.
Roles & Responsibility of the Committees:
- The committee shall be responsible to evolve & frame the Business Responsibility and Sustainability Policy & Framework
- The Committee shall identify the roles and responsibilities of each of the stakeholders in formulating the Company's ESG policy & framework and training requirements.
- Committee shall also review the timely implementation of ESG framework in the Company.
- The Committee shall work with innovative ideas and deliberate in detail, the feasible solutions to overcome the hurdle of implementing ESG framework in smooth manner.
- Identifying opportunities, target setting for improvement in the areas of emissions, energy usage, water security, waste management and harnessing renewable energy sources.
- Scaling up work place matters relating to Human Rights, ethical behavior and Code of Conduct, Grievance handling, gender diversity, training and development, corporate governance practices and stakeholder engagement.
- Identifying business opportunities to make products and services more inclusive by suggesting introduction of new products and services and meeting the Social aspirations and addressing concerns on environment protection and climate risk.
- Suggest action plan towards reduction in resource utilization, like digitization of internal communication, credit processing proceeds and other such practices which can contribute to the ESG drive of the Company. [...] **Annexure-I**
**Responsibility Advocacy Policy**
Advocacy refers to the activities performed while interfacing with a wide range of stakeholders such as Government agencies, non-governmental organisations, academic and research institutions, associations at a local, national, and international levels and individuals with the objective of influencing policy, regulations and other decision making endeavours.
Can Fin Homes Limited (CFHL) believes that it is necessary to represent and engage with authorities on matters concerning the various sectors in which it operates. CFHL's engagement with the relevant authorities is guided by the values of commitment, integrity, transparency and the need to balance interests of diverse stakeholders.
The Policy on Responsible Advocacy specifies the following critical and necessary guidelines to be followed by all employees, relevant contractors engaged by CFHL and all partners & associates in all advocacy activities with internal and external stakeholders:
1. Achieve total compliance with all applicable regulations pertaining to advocacy activities with the Government, non-governmental organisations, industry associations, and individuals.
2. Focus on transparency, accountability, strong corporate governance standards and ethical guiding principles in all advocacy interactions.
3. Ensure adherence to anti-corruption guidelines/policy (available on CFHL's website) in all stakeholder interactions and implement record management tools
4. Implement grievance redressal mechanisms to support the investigation of any instance of non compliance with this policy
5. Undertake appropriate disciplinary action against any proven instance of non-compliance with this policy.
This Policy applies to all employees of CFHL, members of CFHL's Board and CFHL's contractors when acting on CFHL's behalf such as agents, public affairs, communications and legal consultants, outsourced personnel, and other third-party representatives.
The policy shall be reviewed periodically for its appropriateness and updated as and when, necessary.