Firstsource launches FY24 ESG Report, showcasing commitment to sustainable growth and positive impact

Firstsource Solutions Limited (NSE:FSL, BSE:532809), a leading global provider of specialist domain-led Business Process Services(BPS) and an RP-Sanjiv Goenka Group company, announced the launch of its Environmental, Social, and Governance (ESG) Report for the fiscal year 2023-24. This comprehensive report highlights Firstsource's commitment to driving sustainable growth, operational excellence, and positive social impact across its operations.

Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, "Our FY 2024 ESG Report reflects our deep commitment to integrating sustainability into every facet of our business. This year's theme, 'We Make It Happen,' underscores our proactive approach to ESG and highlights how we are transforming ambitious goals into measurable outcomes. From reducing emissions to fostering diversity and inclusion, our achievements are a testament to our leadership in sustainable practices. As we advance, we remain focused on creating long-term value for our stakeholders by aligning our strategy with the triple bottom line-benefiting people, the planet, and profit. With our inclusion in the S&P Global Sustainability Yearbook and strong performance in ESG indices like DJSI and CDP, we are confident that our continued focus on sustainability will drive both financial performance and societal impact. We look forward to working with our stakeholders to accelerate progress towards a more sustainable and inclusive future."

The FY 2024 ESG Report outlines the significant progress Firstsource has made in key areas, including environmental stewardship, social responsibility, and governance excellence. Notable achievements include:

Environmental Impact: Firstsource has also adopted the Task Force on Climate-related Financial Disclosures (TCFD) framework, demonstrating transparency in climate-related risks and opportunities. The company is committed to the Science Based Targets initiative (SBTi) and is on track to achieve Net Zero emissions by 2050. In FY 2024, Firstsource reduced its Scope 1 emissions by 68.97% and Scope 2 emissions by 7.01% compared to the previous fiscal year.

Social Impact: With a focus on empowering employees and communities, Firstsource achieved Level 3 Disability Confident Leaderrecognition and consistently maintained strong female workforce representation of over 40%, reflecting the company's sustained commitment to gender diversity. The company has also decreased overall workforce turnover by 16.40%, reflecting its commitment to employee well-being and engagement. Employees contributed over 15,500 hours of CSR volunteering in the past year.

Governance Excellence: Firstsource maintains high standards of governance, transparency, and accountability. The company's ESG reporting is aligned with global best practices, with disclosures made to CDP, EcoVadis, DJSI,UNSDGs, UNGC and TCFD. Additionally, 75% of the company's new suppliers and the top twenty existing vendors both basis procurement spent are assessed based on environmental and social KPIs, reinforcing Firstsource's sustainability agenda.

To download the full ESG Report for FY 2024, please visit: https://www.firstsource.com/esg

Shares of Firstsource Solutions Limited was last trading in BSE at Rs. 336.60 as compared to the previous close of Rs. 318.10. The total number of shares traded during the day was 413312 in over 8866 trades.

The stock hit an intraday high of Rs. 339.00 and intraday low of 318.50. The net turnover during the day was Rs. 137032636.00.

Source : Equity Bulls

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FirstsourceSolutions INE684F01012 FSL ESGReport FY2024