Responsibility

Corporate Social Responsibility

As torchbearers of empowerment, we believe in the betterment of the society in which we operate. Our CSR endeavours are shaped by a deep commitment towards enabling, be that for marginalised communities or underdeveloped businesses. We partner with NGOs to effect change across all spheres of society – education, health, culture and the arts.

Empowerment lies at the core of Multiples, and resonates in our partnerships with portfolio companies.

Empowerment through skilling

Empowerment through skilling

At Multiples, we believe that skilling marginalised sections of society can transform their future. The right skills can provide the right form of employment, which can change the trajectory of a person's life.

This is why we have partnered with the NGO Pankh - Wings of Destiny, which trains people with disabilities. In 2017-18, Multiples' programme with Pankh trained 44 women from Maharashtra, Karnataka, Tamil Nadu and Odisha in training centers across Pune, New Delhi & Bangarpet.

The programme found jobs in the retail sector for these women with physical disabilities and hearing/speech impairments, leading to 89% of them being gainfully employed today. It has been exceptionally rewarding to see them shape financially independent lives for themselves.

If you’re interested in knowing more about the initiative, or contributing to Pankh, just visit: http://www.pankhindia.org

Sustainability within Multiples

Sustainability within Multiples

Climate change is a growing concern that poses a threat to our communities and environment. Recognising our own commitment to sustainable development, we employed the non-profit CERE to conduct a carbon footprint analysis of our office in 2017, and adopted energy-saving measures in line with the report. Post this, our energy consumption has reduced by 7.3% and we have now replaced plastic bottles with sustainable clay pots for water consumption.

We also scrutinised our annual investor conference so as to make it more environmentally friendly. In the future, we plan to make this conference carbon neutral by offsetting any unavoidable emissions through an annual tree-planting event. Moving forward, our goals are to invest in solar energy and composting solutions. Leading by example, we will work with our portfolio companies to better streamline their own sustainability initiatives and shape a greener future.

Employee engagement with the environment

Employee engagement with the environment

Employees play a pivotal role in minimising environmental impact, both within the company and in their own social spheres.

At Multiples, we conducted a survey to gauge employee commitment towards sustainability. We found an overwhelmingly positive response, with 47% expressing an interest in participating in our company's CSR strategy and 74% voicing their belief in individual responsibility towards protecting the environment.

Based on this survey's results, we conducted a training workshop on environmental sustainability for all our employees. Our employees also collaborated with CERE to plant 150 native trees to sequester carbon dioxide in the Sanjay Gandhi National Park, as part of a World Environment Day event.

Employee engagement with the environment