Muthoot Microfin secures ESG score of 72.2 and the highest CareEdge-ESG 1 rating from CARE ESG Ratings.

Muthoot Microfin secures ESG score of 72.2 and the highest CareEdge-ESG 1 rating from CARE ESG Ratings.

img1

Muthoot Microfin has achieved a significant milestone in responsible finance, securing an impressive ESG score of 72.2 and the highest CareEdge-ESG 1 rating from CARE ESG Ratings. This positions them as an ESG leader in India’s financial services, outperforming industry medians across environmental, social, and governance pillars.

The rating highlights Muthoot Microfin’s dedication to sustainability, evident in its 78.9 governance score driven by a diverse board and robust policies. Its social score of 72.1 reflects a 100% women borrower base, industry-leading grievance redressal, and equal pay. Environmentally, with a score of 54.6, the company is committed to Net Zero emissions by 2040, utilizes rooftop solar, and has disbursed `27.5 crore in green loans. Their strong data governance, with no breaches in FY24, further underscores their responsible operations. This recognition affirms Muthoot Microfin’s commitment to ethical governance, community focus, and sustainable growth.

Muthoot Microfin’s exceptional performance across the ESG pillars is evident in the following highlights:

Governance Excellence (Score: 78.9 vs. Industry Median: 64.5): This strong score is underpinned by a diverse and independent board, robust investor relations, ISO 27000-certified data protection, and comprehensive board-approved policies addressing ethics, anti-bribery, and whistleblowing.

Social Impact Leadership (Score: 72.1 vs. Industry Median: 56.5): Muthoot Microfin stands out with its 100% women borrower base, an industry-best grievance redressal mechanism boasting a 95% resolution rate, a commendable 1:1 male-female pay ratio, and its consistent recognition as a Great Place to Work for six consecutive years.

Environmental Stewardship ( Score: 54.6 – Top Quartile): The company is actively contributing to a greener future through initiatives like rooftop solar installations at 50 branches, the disbursement of `27.5 crore in green loans, and an ambitious Net Zero emissions target by 2040 – significantly ahead of industry norms. Furthermore, Muthoot Microfin has implemented an ESG Risk Register and a comprehensive Climate Risk Framework.

Beyond these pillars, Muthoot Microfin demonstrates exemplary data governance with zero breaches reported in FY24, full compliance with the Digital Personal Data Protection Act, and stringent access protocols. The company’s commitment to inclusive growth is further exemplified by its “Pink Hiring” initiative and “HER Initiative,” both designed to advance gender equity within the organization. Additionally, support for EV acquisition and subsidized accommodation contributes to a resilient and engaged workforce.

The CareEdge-ESG 1 rating, based on a rigorous assessment of over 1,500 data points, highlights Muthoot Microfin’s clear strategic direction in sustainability, responsible lending, and ethical governance. This recognition positions the company as a trusted and reliable partner for ESG-conscious investors and stakeholders, further solidifying its role as a leader in redefining responsible finance in India.

Muthoot Microfin

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the Red Herring Prospectus of Muthoot Microfin Limited (the "Company") dated December 11, 2023 (the "Red Herring Prospectus") filed with the Registrar of Companies, Maharashtra at Mumbai and thereafter with the Securities and Exchange Board of India (SEBI") and the BSE Limited and the National Stock Exchange of India Limited, in relation to the initial public offering of the equity shares of face value of ? 10 each ("Equity Shares") of the Company ("Offer").

THE RED HERRING PROSPECTUS IS BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBI ICDR REGULATIONS"). You are advised to read this disclaimer carefully before reading, accessing or making any other use of the Red Herring Prospectus. In accessing the Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.

The Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. No part of the contents of the Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The information contained in the Red Herring Prospectus may not be updated since its original publication date and may not reflect the latest updates.

The Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26 of the SEBI ICDR Regulations. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in "offshore transactions" as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act. No person outside India is eligible to bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which comprises the Red Herring Prospectus and the preliminary international wrap (which contains, among other things, the selling restrictions for the Offer outside India).

Any person into whose possession the Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions.

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Red Herring Prospectus beyond the date of the Red Herring Prospectus. The information in the Red Herring Prospectus is as of the date thereof and neither the Company nor its affiliates, directors or employees are under any obligation to update or revise the Red Herring Prospectus to reflect circumstances arising after the date thereof.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see the section titled "Risk Factors" in the Red Herring Prospectus. Any decision on whether to invest in the equity shares described in the red herring prospectus of the Company dated December 11, 2023 ("RHP"), must be made solely on the basis of the RHP. As there may be material changes in the draft red herring prospectus dated June 30, 2023 (the "DRHP") versus the RHP, potential investors should not have relied on the DRHP.

The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Disclaimer - Important

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

 Confirm