Environmental Performance

Annapurna Finance’s Environmental Policy is designed to manage the environmental and social risks associated with its operations. As a microfinance institution, it is committed to complying with national legislation related to lending by microfinance institutions. The institution has lending guidelines that establish standards to limit the impact of its lending operations on the environment. These guidelines are implemented on three levels: managing the environmental impact in lending, maintaining internal standards of environmental management, and promoting eco-friendly products.

Annapurna Finance’s Social Performance Management (SPM) Policy underscores its commitment to achieving positive contributions to society by balancing not only financial and social returns but also considering environmental impact. The policy embodies guiding principles to avoid potential impacts of lending operations and other interventions on clients, employees, the environment, the community, and shareholders. Annapurna Finance has a specific policy with the objective of avoiding, and when avoidance is not possible, minimizing and mitigating adverse impacts of subprojects on the environment and affected people, while maximizing environmental and social benefits.

In addition to the existing policy, Annapurna Finance has taken steps to promote better environmental practices. These activities include training school children on the environment through an external consultant and conducting anti-plastic awareness sessions for employees.