Highlights of
Our ESG Initiatives
Liquidity and solvency for regulated entities (BFL, BHFL, BAGIC and BALIC)
Significantly higher Capital maintained than the regulatory requirements across all companies.
Surplus capital of `48,950 crore in FY2025
Significantly higher Capital maintained than the regulatory requirements across all companies.
Surplus capital of `40,702 crore in FY2024
Responsible investment across BAGIC and BALIC
Coverage is around 90% against a target of 80%.
Coverage is above 90%, against a target of 75%.
Board Functioning
- The Number of Board and Committee meetings exceeding statutory requirements.
- The Board comprises directors from diverse backgrounds and substantial experience.
- Independent Directors with outstanding track record.
- Pre-Audit Committee meetings of the Committee's Chair with statutory auditors, the internal auditor and members of the executive management.
- Separate meeting of Independent Directors.
- Confidential Board evaluation process.
- The Company is represented by non executive directors on the Board of its material subsidiaries.
- ESG strategy monitored by the Board and a dedicated ESG Executive committee in BFS and all subsidiaries.
- All Related Party transactions assessed by an independent Law firm and arm's length certificate given to the Audit Committee.
Policies
- Policy framework largely driven from BFS.
- All material policies jointly decided by BFS and subsidiaries and published on the website.
BFL - Loans to New-to-Credit Customers
67 lakh
63 lakh
Farmers covered under Crop Insurance by BAGIC
1.97 crore farmers
1.34 crore farmers
Farmers benefitted through Crop Insurance Schemes
21.63 lakh with claims of `1,485.00 crore
37.78 lakh with claims of `1,984.77 crore
BFL Micro Finance (MFI) Branches
418
100
Enabling MSMEs
~1.7 lakh Loans
~1.6 lakh Loans
Social Sector Obligations for BALIC and BAGIC (against mandated 5%)
BALIC 16%
BALIC 12%
BALIC 14%
BALIC 7%
Women Insurance Agents
BALIC 22%
BALIC 33%
BALIC 28%
BALIC 32%
Group Lending MFI Loans to Women by BFL
3.45 lakh+ women
~26,000 women
Lives covered by BALIC in MFI Segment and through PMJJBY
MFI - 1.34 crore
PMJJBY - 2.35 lakh
MFI - 1.58 crore
PMJJBY - 4.42 lakh
Lives covered by BAGIC through integration with Government Health Schemes
2.23 crore
2.1 crore
Facilitating sustainable income generation
4.1 lakh loans for 3 wheelers
2.89 lakh - 3 wheelers insured
~15,500 loans for tractors
41,043 - tractors insured
3.99 lakh loans for 3 wheelers
3.08 lakh - 3 wheelers insured
~500 loans for tractors
42,896 - tractors insured
Decarbonisation
Consultant engaged to work on the decarbonisation strategy for entire group - basis outcomes, target taken to become carbon neutral on Scope 1 and Scope 2 emissions by FY2032
Green Financing and Insurance by BFL and BAGIC
EV insurance (Gross Written Premium) -
`211.51 crore
EV Lending - 79,000+ Loans financed
EV insurance (Gross Written Premium) -
`162.35 crore
EV Lending - 54,000+ Loans financed
Renewable power Insurance
Number of Policies - 5,826
Gross Written Premium - `80 crore
Financing - ~2,600 loans given
Renewable power Insurance
Number of Policies - 4,746
Gross Written Premium - `~478 crore
Financing - ~1,850 loans given
Renewable Power - Wind Power Generation
8.4 crore units
9 crore units
Renewable Power - Solar Power
Installed - 757 KW
Generation - 3.2 lakh units
Installed - 757 KW
Generation - 7 lakh units
Sapling Plantation
2 lakh saplings
0.7 lakh saplings
Energy Intensity per crore of consolidated total revenue from operations adjusted for PPP
50.29
54.87
Carbon Footprint - GHG intensity per rupee of turnover (Total Scope 1+2+3 emissions/turnover in crore)
0.70
0.69
Responsible disposal of e-waste (batteries and e-waste) in metric tonnes
181.78
103.58
CSR expenditure
`335.73 crore
`247.17 crore
Number of beneficiaries
41 lakh
15 lakh
Impact Assessment (number of projects)
26
50
Youth skilled
2.24 lakh
Of which:
Persons with Disabilities - 11,792
Women - 19,288
1.14 lakh
Of which:
Persons with Disabilities - 10,152
Women - 20,284
Youth benefitted through skilling through grant making programmes
1.77 lakh
86,222
Consumer Complaints
12,985
12,457
Grievance Ratio BAGIC, BALIC
BAGIC: 0.78 per 10,000
BALIC: 43 per 10,000
BAGIC: 0.90 per 10,000
BALIC: 37 per 10,000
BALIC: Retail claim settlement ratio %
99.29%
99.23%
Claims paid by BAGIC
MSME - `271 crore
Rural (Cattle) - `146.34 crore
Crop - `1,985 crore
MSME - `321 crore
Rural (Cattle) - `76.9 crore
Crop - `1,485 crore
Gender Diversity in Hiring
18.05%
19.05%
Gender Diversity ratio
13.52%
13.07%
Human Capital - Upskilling Training
~97,000 employees
~80,000 employees
BRSR Assurance
Reasonable Assurance for BRSR Core (Mandatory) and Limited Assurance (Voluntary).
Reasonable Assurance for BRSR Core (Mandatory) and Limited Assurance (Voluntary).