Zaggle Prepaid Ocean Services Limited has come out with its Business Responsibility and Sustainability Report, BRSR, for FY 2023-24. This report focuses on the commitment of the company towards ethical governance, employee well-being, environmental protection, and its contribution to social causes. Being one of the leading SaaS-based FinTech companies, Zaggle believes in responsible growth with high standards of corporate transparency and stakeholder engagement.
Governance and Transparency: The Zaggle report has talked about the company’s adherence to ethics in business conduct through its aggressive anti-bribery and anti-corruption policy. Much emphasis was laid on transparency, and no incident of legal actions, fines, or penalties being imposed on the company for issues related to governance was reported during the period under the report. Its Code of Conduct ensures all business operations are aligned with international standards and regulations.
Employee Welfare and Development: The company has provided for employee welfare, that is, comprehensive health and accident insurance for all permanent employees, and parental benefits. The report shows a 100% return to work and retention rate of employees post-parental leave. In addition, the company provides training on health and safety measures, allowing a safe environment to be assured at the workplace in this financial year with no reported incidence of safety.
Social Accountability: Environmental Responsibility The environmental concern of Zaggle is reflected in reducing the consumption of energy. According to the report, during the year under review, the amount of energy consumed by the organization from non-renewable sources was 437.09 GJ; it is working on ensuring that energy intensity arising from every unit of revenue generated at the facilities is minimized. Though renewable sources of energy have not yet been adopted, such efforts set the foundation for a sustainable future.
Community Involvement and Social Responsibility: During the reporting years, Zaggle contributed to the lives of several people through numerous projects on education, healthcare, and environmental sustainability under its CSR programs. The company undertakes community stakeholder interaction and strives to address the needs within the local communities in which it operates.
Cybersecurity and Data Privacy: Considering the nature of operations of the company in the FinTech sector, cybersecurity and data privacy rank very high. There were no data breaches during the financial year under review, which bears testimony to the robust data protection framework that has been implemented by Zaggle. The company adheres to ISO and GDPR standards in maintaining customer data privacy in compliance with all applicable data privacy laws and regulations.
Overview and Conclusion: This BRSR, 2023-24, by Zaggle Prepaid Ocean Services Limited, depicts the company’s holistic approach to ensuring sustainable and responsible business. The business remains committed to good governance, welfare of employees, environmental sustainability, and community engagement while setting benchmarks for the FinTech industry. The report illustrates the commitment of the company to ethical operations and sustained efforts towards long-term value creation for all stakeholders.
Source: BRSR
Credit: Zaggle Prepaid Ocean Services Limited