- ESG
Environmental,
Social and Governance
Investing in the future:
People. Platforms. Purpose
Improving our world, together
At Firstsource our journey towards ESG (Environmental, Social, and Governance) excellence and sustainability embodies our strong commitment to collaboratively make a positive impact on our people, planet and communities. Through responsible environmental practices, ethical governance, and a strong focus on social well-being, we believe we can create a brighter, more sustainable future for all. This message encapsulates our shared vision of a better world and reflects our dedication to fostering meaningful change in partnership with our stakeholders.
As a responsible organization, we are placing our commitments to society and the planet on equal footing with profitability. Exploring every opportunity for integrating the material aspects of ESG into our processes, to transition into a leading, sustainable, and purpose-driven business.
Also, we are continuously monitoring and analyzing data to improve our performance in reducing our environmental footprint, supporting our communities, and creating inclusive and safe workplaces.
Leadership message
Robust ESG governance framework
ESG is everyone’s business in an organization, and we have integrated it within our company with governance processes extending to the very top.
Our 360-degree ESG governance defines a framework of roles and responsibilities involving the Boards of Directors to build awareness across the organization, encouraging teams to collaborate and identify opportunities within Firstsource and beyond.
The ESG governance framework guides our management to build strategy, mitigate risks, and improve the performance of our company initiatives and brings in transparency to provide long-term value for our stakeholders while solving critical societal challenges.
Environmental stewardship
We embed sustainability practices into all that we do. Our strategy is centered on environmental conservation and assisting our clients on their path toward sustainability.
We have been making conscious efforts towards to drive impact on urgent environmental issues. Through eco-friendly business practices and initiatives for conserving natural resources, we are taking action to ensure a sustainable future. We are proud to be an ISO 14001:2015 certified organization for most of our centers in India and the UK. We are dedicated to environmental stewardship through our core focus areas of ‘Combating Climate Change, ‘Managing Waste Responsibly’, and ‘Reducing Water Consumption’.
Key Environment Highlights
- 411% increase in renewable energy consumption across India operations in comparison to FY 2020-21
- 100% waste disposed through responsible waste handler and implementing a zero waste to landfill global policy
- Four of our offices are Green Building Certified.
- Participated in CDP submission for FY 23
Fostering relationships
We strongly believe that advancing the interests of our people and strengthening our communities go hand in hand. Doing right by our people helps energize employees and empower them to drive a positive impact in the communities where they live and work. Our approach to creating positive outcomes centers around seven pillars:
- Prioritizing Employee Engagement, Wellbeing and Safety
- Attracting Talent and Managing Performance
- Employee Development
- Celebrating Inclusion and Diversity
- Cultivating Client Relationships
- Fostering Relationships with SocietyÂ
- Responsible Supply Chain
Key Social Highlights
- Recognized in Bloomberg Gender-Equality Index 2023
- Disability Confident Leader in UK
- INR 68.4 Mn spent on CSR projects
- Out of the total workforce, 46.49% are women
- INR 119+ Mn spent on training and development
- 15,298 hours of CSR volunteering
- 65,550 lives impacted through various CSR initiatives
- 2.64 times SROI generated through CSR project
- No incident of discrimination reported
Corporate Governance
Effective corporate governance is crucial for maintaining the integrity and sustainability of a company, as well as fostering trust among stakeholders. It provides a solid foundation for sound decision-making, responsible management and the pursuit of long-term value creation.
We are guided by the astute expertise and chiselled acumen of our Board in our path towards crafting valuable collective experiences. Our excellent corporate governance system enables us to do business effectively and responsibly. Good governance additionally culminates in business excellence, streamlined operations, satisfied customers and long-term value for stakeholders. We adhere to internationally recognized principles and industry standards in all the countries where we operate, ensuring compliance with corporate governance regulations.
Firstsource’s Board of Directors oversees various statutory committees – including Risk Management, Audit, Nomination & Remuneration, CSR, and Stakeholder Relationship – providing leadership, guidance and helpful supervision. In addition, well-defined policies – ranging from a global ethics policy to a whistle-blower policy – drive transparency and mitigate risk. Our corporate governance is a shining example of our commitment to Sustainability and ESG practices. We ensure that ESG considerations are integrated into our strategic decision making. Our other key focus areas are ‘Protecting Data, Respecting Privacy’, ‘Integrating ESG Risk Management’ and ‘Economic Disclosures’
Key Governance Highlights
- 50% of the board comprises Independent Directors
- 10% of Independent Directors on board are Women
- 53.66% Promoter shareholding
- More than 50% of our offices are 1SO 27001 certified
- No contribution to political parties
- No incidents of insider trading
- No fines/penalties related to anticompetitive, anti-competitive monopoly and anti-trust practices.