Chennai, August 5, 2024: Info Edge (India) Limited is a leading digital company with immense potential in the online space. The Company has come out with its Business Responsibility and Sustainability Report for the financial year ended March 31, 2024. The report illustrates the company’s furtherance of commitment towards the amalgamation of sustainability and responsible business practices within its operations. It captures the various initiatives and achievements of the Company in the spheres of environment management, social responsibility, and corporate governance.
Corporate Overview and Commitment to ESG:
Info Edge was incorporated in the year 1995 and listed on the National Stock Exchange (NSE) as well as on the BSE Limited, made considerable progress toward inculcating the precepts of Environmental, Social, and Governance at the very heart of its strategy. Its paid-up capital stands at ₹1,293.84 million; SGS India Pvt. Ltd. provides limited assurance for the report.
The purpose of Info Edge is to be an aware, righteous, and inclusive business. This vision can also be clearly noticed in the detailed gap and ESG materiality assessments carried out to identify and set priorities for the company’s future goals. The Company invests in technology in a manner that not only aligns with long-term growth but also with Inclusive development, therefore human and technological aspects are balanced and integrated.
Environmental Initiatives and Achievements:
Environmental sustainability has been taken up in big measures at Info Edge through key focus areas like energy efficiency and renewable energy. Companies enhance their energy efficiency with a view to increasing the usage of solar energy. Such steps form part of a broader objective toward transitioning to greener practices and reducing the carbon footprint of the company.
Water Stewardship and Waste Management: The strategies adopted in efficient water stewardship and best-in-class waste management practices to lessen the impact on the environment. These are based on newly formulated policies under the Sustainable Supply Chain Policy, Human Rights Policy, and ESG Policy.
Social Responsibility and Community Engagement:
Info Edge truly lays great emphasis on social responsibility. It has mainly focused on employee welfare and community engagement:
Employee Training and Development: It has overall employee training programs, health, and safety. The continuous engagement program is there to ensure employees are motivated, developed, and aligned with the values of the company.
Community Initiatives: Info Edge actively contributes towards various CSR initiatives in its quest to raise the quality of life in communities where it operates. Having recorded a turnover of ₹2,915.15 million and a net worth of ₹11,017.32 million, the Company is able to commit significant resources to social welfare programs.
Governance and Ethical Practices:
The Board of Directors at Info Edge has identified ESG as an important area of focus, and there has been tremendous progress on governance and ethical practices:
Management and Transparency: More emphasis has now been given to strengthening this framework for governance, keeping in view the need for transparency and ethical conduct. The inclusion of detailed product information in the business portals is what helps customers make their decisions with full awareness.
Stakeholder Engagement: It is noted that the company believes in engaging with all its stakeholders and establishing channels for addressing the concerns of communities, investors, employees, and customers. This essentially means the voice of all the stakeholders on their concerns will be heard through decision processes within the company.
Future Goals and Targets:
Info Edge has set clear goals and targets with defined timelines that help further improve ESG performance. This company, by adopting strategic vision to contribute positively to society and the environment, commits to continuous enhancements in sustainability efforts.
Leadership Statements:
According to P. Srinivasan, the Company Secretary and Compliance Officer, the company remained committed to sustainable operations: “Our BRSR reflects our continuous journey in imbibing sustainable practices into our business operations and creating positive impacts in society and the environment. We are committed to driving long-term growth while being ever mindful of our environmental and social responsibilities.”