The report outlines HDFC Life's commitment to ESG principles, rooted in their vision as a responsible life insurer. The report details the company's material items, value creation model, and key performance highlights, including a 10% growth in total premium, 22% growth in assets under management, and a 15% increase in profit after tax. The report highlights the company's commitment to a culture of ethical and sustainable business conduct, transparency, and responsible investment practices. Key initiatives include launching a new environment and climate change policy, establishing a robust governance framework for managing natural capital, and actively engaging with investee companies to promote responsible business practices.
Issuing Company HDFC Life Insurance Co., Ltd.
Report Type Sustainability Report
Report Language EN
Report Filesize 11.93 MB
No. of Pages 100 pages
Reporting periodApril 1, 2023 to March 31, 2024
Report Edition3
Assurance Provider G.M. Kapadia & Co
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue