CreditAccess Grameen bags gold for integrated reporting by ICAI

11 Feb 2022 , 09:56 AM

CreditAccess Grameen Limited, the country’s leading microfinance institution, won Gold Shield Award as “Excellence in Integrated Reporting and Reporting on Sustainable Development Goals for the year 2020-21” by the Institute of Chartered Accountants of India (ICAI).

The ceremony was held on 9th February 2022 at Hotel Radisson Blu in Ghaziabad. On behalf of the company, Mr. Gururaj K S Rao, Chief Audit Officer, Mr. Nilesh Dalvi, Head — Investor Relations, and Mr. Sahib Sharma, AGM — Investor Relations received the award which was presented by Dr. Jitendra Singh, Hon’ble Ministers of State (IC) of Earth Sciences, Science and Technology, Government of India, CA. Anuj Goyal, Chairman, ICAI Research Committee, CA. Durgesh Kabra, Vice-Chairman, Sustainability Reporting Standards Board, and CA. (Dr.) Debashis Mitra, Vice-President, ICAI.

Mr. Udaya Kumar Hebbar, MD & CEO, CreditAccess Grameen Ltd. said, “Our efforts to create a meaningful social impact through robust disclosures and strong governance has been recognised by the eminent ICAI, known for its rigorous standards. This gives us immense confidence to work relentlessly towards sustainable development goals and be the preferred financial partner of low-income households.”

By virtue of being in the microfinance space, CA Grameen has been creating a positive social impact over the last two decades and empowering low-income households through its affordable products and services. Integrated Reporting adopted by the institution gives an opportunity to effectively blend ESG principles into the business model and adopt sustainable business practices in future initiatives. It also encourages aligning the business strategy, performance, and governance to build long-term sustainable value for all the stakeholders.

CreditAccess Grameen is currently trading at Rs726.45 down by Rs32.7 or 4.31% from its previous closing of Rs759.15. The scrip opened at Rs750 and has touched an intraday high and low of Rs750 and Rs723.85 respectively.