CredRight is focussed on providing loans to micro and small businesses. Its tech-based distribution model facilitates institutional credit to MSMEs and individuals who are subscribers of Chit/ ROSCAs (Rotating savings and credit association) by underwriting on the basis of alternate data.
We commit to being a responsible finance company, considering environmental, social, health & safety and governance issues across all our lending business and internal company operations. We are committed to comply with all applicable Environmental, social and governance (ESG) national and local laws and regulations, standards and requirements of our shareholders, global best practices (as necessary), and to be responsive to relevant existing and emerging ESG concerns. We aim to generate, maximise and improve for long term benefits our business opportunities through ESG integration into our lending business across any loan’s life cycle from origination till complete loan repayment. At the same time, we believe that ESG integration will help mitigate any liability, credit, market or reputation risks emanating from such issues.
Business opportunities chosen by CredRight are in accordance with committed ESG principles that would also govern implementation and execution against the identified business opportunities. Through periodic updation, review and regular monitoring of our assets during the holding period, CredRight adheres to improve and strengthen our E&S Management plan (ESMP)
We believe in ESG training and capacity building as key to a thriving ESG culture for our personnel and our partners. We engage and address any stakeholder concerns relating to the Company. ESG at CredRight is top driven from the senior management
The company’s grievance redressal mechanism (GRM) is intended to provide a means for the concerned stakeholders to submit queries or concerns related to the company’s Environmental & Social Policy
The grievances from internal and external stakeholders can either be sent via email to customergrievance@CredRight.com
or
employeegrievance@CredRight.com or through a
letter to
the following address: Grievance Cell, 8th Floor, Kirshe Sapphire, Madhapur, Hyderabad, Telangana
- 500081
Scope of ESG policy
This policy shall be applicable to the company, its workers (on-roll and on contract), its customers,
partners, and its affiliates.
The policy will be applicable, communicated, known and understood by the employees of the
company (on-roll and on contract), its projects, partners, and its affiliates.
