Latent View Analytics Publishes FY 2023-24 Comprehensive Sustainability Report
Chennai, August 5, 2024: Latent View Analytics, the fast-growing data analytics and AI solutions provider, released its Business Responsibility and Sustainability Report for FY 2023-24. This report showcases the company’s commitment toward transparent and responsible business operations while reflecting on its actions across domains of environment management, social responsibility, and corporate governance.
Report Highlights:
Company Overview:
Incorporation and Identity Latent View Analytics Limited was incorporated on January 03, 2006, with its registered office in Ramanujan IT City, Chennai. Its corporate identity number is L72300TN2006PLC058481, and its paid-up capital stands at ₹20,59,03,951.
Global Presence The Company has two offices in India and eight international locations, serving clients across six countries.
Workforce and Diversity:
Employee Statistics: Latent View Analytics has 1,112 employees as of March 31, 2024. The workforce comprises 62.68% male and 35.52% female employees. On the Board of Directors, women hold 33% of the seats.
Diversity Initiatives: It works towards creating an inclusive workplace, increasing gender diversity, and supporting other inclusion initiatives.
Sustainability and Environmental Efforts:
Carbon Footprint Reduction: Latent View Analytics has taken a few initiatives in managing the consumption of energy and reducing carbon emissions, which were actually preparatory steps for its very objectives of transitioning to green practices.
Data Security: Given the increasing importance of data security, it instituted stringent policies to minimize cyber risks and ensure compliances.
CSR:
Community Engagement: The Company actively involves itself in various CSR initiatives to contribute towards betterment in quality of life in local communities. With a turnover of ₹2,915.15 million and net worth of ₹11,017.32 million, Latent View Analytics lays out substantial resources for social welfare programs.
Stakeholder Engagement and Governance:
Transparency and Ethics: The report spells out the Company’s commitment to transparency and ethical governance by stating its adherence to NGRBC. It is provided with mechanisms for redressal of grievances for communities, investors, employees, and customers.
According to P. Srinivasan, Company Secretary and Compliance Officer, it has laid a strong commitment towards its journey of sustainability: “Our BRSR reflects our ongoing efforts toward integrating sustainable practices into our business operations and to make a positive impact on society and the environment.”