ENVIRONMENT, SOCIAL, AND GOVERNANCE

At Max Financial Services, we deeply cherish the value of 'Sevabhav' as we seek to create a meaningful impact on the planet, people and governance. We have always been proactive at safeguarding the interests of all our stakeholders- customers, employees, community members, and shareholders. We are committed to driving meaningful change keeping in mind our long term sustainable goals which are reflected in our purposeful ESG- Environmental, Social and Governance initiatives.

The impact a company can have on its surrounding ecosystem has become vividly clear, whether it’s on a global scale or within its local vicinity. People have also become increasingly aware and concerned about issues such as climate change, human rights, executive compensation etc. Therefore, doing business in a sustainable way on these three fronts- ‘environment,’ ‘social,’ and ‘governance’- is a priority for business and investors in today’s business landscape.

A company’s ESG framework, therefore, encompasses data and metrics for all the non-financial risks and opportunities inherent to a company’s everyday risks needed to inform the decision-making for companies and investors alike. We follow thorough materiality assessment parameters to evaluate our ESG progress in addressing key priorities areas that hold the greatest significance for our business and stakeholders.

Each day we are taking strides as we try to be a sustainable organisation as we try to reach our goals using the four pillars of our ESG strategy.

Four Pillars of Our ESG Strategy aligned with the UNSDGs:

United Nations Sustainable Development Goals (UNSDGs):

The UNSDGs are part of a larger effort by the UN “towards peace and prosperity for people and the planet, now and into the future.” It establishes 17 goals which are to be met by 2030. At its heart is an urgent call for action by all countries in a global partnership.

The ESG initiatives are strongly aligned with the UNSDGs. We seek to create a positive impact through our operations, services and products to contribute to meet global sustainability targets. The purpose of both- the UNSDGs and ESG- is to introduce affirmative action towards a wide array of critically important topics and overall sustainability. Keeping this in mind, UNSDGs serve as a guiding light for our ESG goals.

ESG Policy

We believe that we have an obligation to our stakeholders to operate our business sustainably. This is the urgent need of the hour considering India is one of the most vulnerable countries to climate change.

The ESG policy of Max Life Insurance is an expression of its commitment to embed sustainability across its operations. It applies to all the employees, vendors, and partners of Max Financial Services.

ESG Sensitization at Max

An ESG sensitized workforce is an efficient workforce!

The ESG practices at Max Financial services is not merely about compliance, rather, it’s the way we do business. We would like our employees to embrace our ESG values and be the biggest drivers of our initiatives. In doing so, we hope to foster a culture of proactive engagement with ESG related issues amongst our employees and ensuring a safe and secure future for the next generation.

Keeping this in mind, Max Life Insurance conduct numerous workshops for our employees aimed at sensitizing them towards ESG issues and increasing their ESG IQ. The workshops cover a wide range of topics- well-being, sustainability, social impact, and equity and inclusion with relevant internal stakeholders.