ESG at Namdev Finvest Limited
Namdev Finvest Limited recognises the importance of having a responsible ESG framework since it is capable of positively or negatively impacting both external and Internal stakeholders of the Company such as Customers, employees, Investors, Lenders, Vendors, Other stakeholders, and the Community at large.
ESG integration allows NFPL to align with evolving global as well as national regulatory requirements, and manage risks associated with credit, operations and other risks therefore creating long-term value aligning with sustainable development goals.
Green Financing
Green financing at Namdev represents a holistic approach to integrating environmental stewardship into financial practices. By supporting a diverse range of sustainable products like EV and solar, Namdev aims to drive positive environmental change and contribute to a more sustainable future.
| Financial Year | Estimated CO₂ Savings (tons/year) |
|---|---|
| 2021-2022 | ~44 |
| 2022-2023 | ~4088 |
| 2023-2024 | ~48799 |
| 2024-2025 | ~38481 |
| 2025-2026 | ~21369 |
Plantation Drive
Namdev has started plantation drive and has distributed plants to students across government schools, Hospitals, police stations, Orphanage and Employees of Namdev.
This initiative is designed to foster environmental awareness among young students and support a greener future.
| Financial Year | No of Plants | Estimated CO₂ Savings (tons/year) |
|---|---|---|
| 2023-2024 | 5000 | ~100tCO2e |
| 2024-2025 | 3000 | ~60tCO2e |
| 2025-2026 | 5000 | ~100tCO2e |
| 2026-2027 | 10000 | ~200tCO2e |
Waste Management
Before
After
- Electronic waste(E-waste) generated by the Company is disposed via State Pollution Control Board (SPCB) registered recycler. The Company ensures that no hazardous electronic waste is sent from the Company to the landfill.
- Two separate bins are provided to ensure segregation of wet waste and dry waste in the office leading to efficient solid waste management.
- Employees are encouraged to minimize paper usage by choosing digital alternatives and printing on both sides of the paper.
- All the plastic bottles and cups are replaced with metal/glass bottles and cups ensuring effective management of plastic waste.
Environment Goals (FY 2024-25)
- 100% E-waste recycling through registered recyclers by pollution control boards
- Consistently monitoring the organization's carbon footprint to effectively reduce emissions.
- Eliminating the use of single use plastic in all operations therefore making NFPL a plastic free zone
- NFPL’s new head office, a green building features 83.4kW solar panels, sensor-based lighting, natural ventilation, and fire safety measures for enhanced efficiency and security.
Empowering Women
For Women Customers
NFPL offers 1% combined waived in Processing fee (PF) and Rate of Interest (ROI) for Primary Women Customers who are individually or jointly running the business. It is applicable to all NFPL products and locations.
POSH For Our Employees
NFPL rigorously adheres to the guidelines and provisions set forth in the Prevention, Prohibition, and Redressal of Sexual Harassment (POSH) Act, 2013. This commitment ensures that the company maintains a safe and respectful workplace environment.
ESG Trainings & Awareness
- Regular awareness trainings and branch review on ESG compliance is conducted on monthly basis.
- All Namdev employees have undergone training on implementing ESG practices both in operations and within the office environment.
- NFPL has placed banners and posters on its premises to raise awareness about judicial water and electricity consumption, waste management, labor laws, fire safety plans, and POSH awareness.
- On the occasion of World Environment Day, we organized a photography competition focusing on raising awareness about environmental issues. Participants were encouraged to capture photos that conveyed messages related to environmental awareness. Awards were given to the photographs that best communicated these important messages.
Activities
As part of our commitment to environmental awareness and sustainability, we also organised a Departmental-wise "Best Out of Waste Competition" in celebration of World Environment Day. Accounts Team, IT & Software Team and Compliance Team secured first, second and third positions respectively.
ESG Governance Structure
At Namdev Finvest Private Limited (NFPL), governance is a cornerstone of our ESG strategy. Our governance framework is designed to ensure accountability, transparency, and ethical behavior across all levels of the organization.
The Company has set up an Internal ESG Advisory committee.
- At Namdev, we are committed to fostering diversity and inclusion within our leadership teams. Currently, our board of directors has a 20% representation of women.
- In senior leadership roles, women represent 38% of the team. This is a significant achievement and demonstrates our ongoing efforts to support and advance women in leadership positions.
- We continue to strive for greater balance and are dedicated to implementing strategies that promote gender equity across all levels of the organisation.
Robust Governance Practices
- NFPL has established a range of key policies to uphold ethical standards and safeguard its operations. The Anti-Corruption Policy ensures a strict stance against bribery and corruption, promoting transparency and legal compliance. The IT Security Policy focuses on protecting the company's information technology systems and data from security threats. Additionally, the Whistle-Blower Policy provides a confidential channel for employees and stakeholders to report unethical conduct or policy violations, ensuring their protection from retaliation. Together, these policies support NFPL's commitment to integrity, security, and ethical behavior.
- Namdev Provides fair and transparent processes for resolving disputes and grievances within the workplace and ensure employees have access to information related to their rights, responsibilities, and organizational policies. Namdev has implemented a robust grievance redressal mechanism within the company to safeguard the rights of customers.
- We have implemented robust cybersecurity measures, including encryption, multi-factor authentication, and regular security audits to protect customer and company data.
- At Namdev, we are dedicated to upholding the highest standards of client protection. Our Client Protection Policy is designed to ensure the safety, privacy, and respect of our clients while maintaining transparency and accountability in all our business practices.
Governance Goals
- We are committed to benchmarking our ESG performance against industry leaders and adopting best practices. Our goal is to ensure transparent and timely reporting of ESG disclosures.
- Establish a continuous improvement loop for our ESG initiatives to keep them effective and relevant. This process involves regularly reviewing feedback and performance data to make informed adjustments and enhancements.
- Review and update our ESG policies to ensure they are aligned with the latest regulatory requirements and industry best practices.
Secured & Responsible Lending
NFPL integrates ESG factors into lending decisions throughout the credit process. Every project before lending loan goes through screening for potential ESG risks including compliances with national or local environmental laws, social or labor laws ensuring ESG compliance, and devising improvement strategies.
Our ESG Policy and Environment Social Management System
Our Environmental Social Management System (ESMS) is meticulously crafted in alignment with the IFC performance standards. It encompasses our ESG policy, risk assessment, impact management plans and programs, organizational capacity and competency, emergency preparedness and response plans, stakeholder engagement strategies, grievance redressal mechanisms, and continuous monitoring and review processes.
Implementing an ESMS offers numerous advantages, including enhanced risk management by identifying and mitigating environmental and social risks to safeguard our operations and reputation. Adhering to international standards fosters trust among stakeholders, such as investors, customers, and the community, thereby enhancing the company’s credibility. Additionally, integrating ESG principles promotes sustainable growth by ensuring the company’s development is environmentally and socially responsible. Streamlined processes and preparedness plans further improve overall operational efficiency and resilience.
Client Protection Certificate by MFR
Orange Seal
IBEX India 2025 Technology Awards – Excellence in ESG & Sustainability Initiatives (NBFC)
USGBC LEED Green Building Certification – Gold
Certificate Of Recognition By 60_decibels – Top 20% In Quality Of Life Indicator