The company employs ESG principles in its core values and business practices.
ICICI Securities, a leading integrated technology-based securities firm, has released its ‘Environment Social Governance (ESG) Report 2021-22’. The company offers holistic financial solutions and services to Indians seeking seamless access to the world of finance. Through this report, the firm aims to discuss its commitment to adopting the highest standards of Governance and Ethics in its business conduct.
Governance and Ethics
ICICI Securities has an enduring heritage of promoting inclusion and diversity amongst their employees and focusing on promoting the well-being of all their stakeholders. It made a difference in the lives of the less privileged by supporting communities in the areas of sustainable livelihood, skill development, employment generation, women empowerment, education and healthcare.
The firm also instituted steps like reducing its GHG emissions, adopting eco-friendly paper, and responsible recycling and disposal of waste, for reducing its environmental footprint. ICICI securities stay committed to playing its part in the endeavour of creating a future we collectively look forward to.
ICICI Securities is a responsible integrated securities firm that incorporates ESG into all its business operations.
ESG-focused business
“We do not claim to be an ESG-focused business, but rather one that employs ESG principles in its core values and business practices. We want to practice what we preach in addition to including sustainable factors in business offerings. Our goal is to connect our Company with the principles we promote through our engagements.”, the company said.
The brokerage continues to improve its environmental performance, strengthen its governance & disclosures, and adopt benchmark sustainability practices.
Here are the key ESG highlights of the report:
- Received Gold Certification from the United States Green Building Council for the new Prabhadevi location
- All the ICICI Securities facilities use 100% biodegradable plastic garbage bags to collect and dispose of dry and wet waste
- 100% coverage on regulatory certifications
- 37% decrease in combined Scope 1 and Scope 2 emissions compared to Baseline FY19.
- 85% decrease in Scope 3 emissions compared to Baseline FY19
- Targets by FY25 are to reduce energy consumption by 20%, Paper consumption and Travel by 35% each over the FY19 baseline
- Utilized a total of Rs. 20 Crores for CSR initiatives, with over 200,000 beneficiaries
- Conserved 27,600 kWh units by replacing outdated air conditioners with new ones
- Adoption of Wheat Straw based eco-friendly papers for Consumption
- Acquired a total of 2.27mn clients, the highest ever in a year
- Conserved 36,990 kWh units by installing LED lights and 100 liters of diesel by revaluating the diesel generator requirement at branches
- ICICIdirect digital platform handled traffic of 191,000 concurrent users, processing 5 Mn orders plus trades at its peak in a day, testifying to its robustness, scalability, speed and safety
- Incubated 22 R&D/Startups
- About 30% of the total hires in FY2022 are from campus
- Generated 300 kgs of Manure by recycling wet waste and Recycled 2.04 Tonnes of Dry waste
- 100% Return to work rate for employees who took parental leave
- Treated 50,00,000 Litre of drinking water on a daily basis
- Average training hours 60 per employee as compared to 41 per employee in FY 21
Through this report, the company discusses how it is conducting business responsibly while committing to make a difference to the communities and the planet as well as making a positive impact within markets.
Environmental, social and governance (ESG)
“Our ESG report has been prepared to summarize our business, strategy, and purpose, as well as to provide a comprehensive view of the Company’s operations and activities, with a particular emphasis on our environmental, social and governance (ESG) initiatives and outcomes.”, the company said.
This report has been prepared in accordance with the GRI Standards 2021 with early adoption of the latest universal standards: Comprehensive option. We have mapped United Nations Sustainable Development Goals (UNSDGs) into relevant sections of our report where ICICI Securities play a prominent role in making progress toward specific objectives.
Business Responsibility and Sustainability Report
The report supplements information published in the company’s Integrated Annual Report 2021-22 and Business Responsibility and Sustainability Report (BRSR) FY 2022 where we cover additional information relevant to our ESG performance, including financial data and corporate governance matters.
(India CSR)
