ENVIRONMENT

MFSL endeavors to contribute to sustainability and conservation of resources in all possible manners. Several efforts around optimizing energy consumption, reducing wastage and recycling have been undertaken at Max Life Insurance Company, that tie back to its focus on key Environmental, Social, and Governance (ESG) practices.

MFSL is committed to conducting its business in a manner that protects the natural environment.

As an example, Max Life, the sole subsidiary of MFSL, has implemented sustainable practices within the offices to ensure a reduction of 23% in paper usage, 36% garbage, and 50% food wastage. Other initiatives undertaken include usage of 100% recycled water at the Head Office, monitoring of food wastage and placement of indoor plants that has helped forward the environmental commitment of the organisation.

The company’s employees volunteer extensively through the volunteer platform- Pehal. Over 5,400 employees and agent advisors of the Company participated in multiple activities for social good which included environment protection, imparting financial literacy and insurance awareness and joy of giving initiatives covering 180+ offices.