Our Purpose
Our purpose is to help Our Customers, Colleagues and Communities prosper. We achieve this by operating consciously and sustainably with environmental, social and governance principles relevant to the Group(OSB) at heart.
Our pillars
What is ESG?
ESG is a collective term for a business’s impact on the environment and society as well as how robust and transparent its governance is in terms of leadership, audits, internal controls, and shareholder rights. At OSBI we believe that we all play a vital role in fighting climate change and supporting sustainability. This means carrying out our business fairly, honestly and ethically across all our business activities. We strive to have a positive impact on our customers communities and the environment and aspire to create a safe and sustainable future for our customers, colleagues, and communities to prosper.
Environment
We act with conscience and consider social, environmental and ethical factors at all times. We're committed to supporting sustainability and giving back to our environment by making small but consistent changes to the way we do things. Sustainability – in it for the long run! Climate change is the most pressing challenge facing our planet and we are acutely aware of the threat climate change poses not just to our business, but far more importantly, to how we live our lives, be it our customers, colleagues, suppliers, or communities.
Social
Giving something back to our community is important to all of us, whether that's volunteering, fundraising or partnering with charities that impact the communities we operate from, OSBI consistently aims to create a positive impact and we act with consciousness, so we can leave things better than we found them. Our social consciousness ensures we think about the little things that make a big difference.
Governance
At OSBI, we have a long tradition of looking after our customers, colleagues and the communities in which we operate and this approach is firmly embedded in our Purpose. Our ambition is to continue building a diverse and inclusive culture that we are proud of.
Addressing climate change our commitment to a sustainable future
Climate change is the most pressing challenge facing our planet and we are acutely aware of the threat climate change poses not just to our business, but far more importantly, the way in which we live our lives, be it our customers, colleagues, suppliers, or communities.
we pride ourselves in having high standards and practices
We have also been helping our communities in the UK and India prosper through our volunteering and philanthropy efforts. We have always been active in the communities in which we operate and have a strong ethos of #givingsomethingback.
OSBI has made a significant positive impact on the communities we operate in, and we have made a conscious effort to give back to them. To support our organization's ESG values, we formed a volunteer group that works closely with our ESG committee. Our Hyderabad and Bangalore offices have been actively volunteering at local schools and institutions, aiming to inspire future generations. Our corporate social responsibility initiatives have also made a difference.
We donated high-end medical equipment to KGF Civil Hospital to help serve economically disadvantaged communities. Our partnership with SOS Village has benefitted about 40 children, providing them with better opportunities for a brighter future. We also took the initiative to renovate and refurbish Shamshabad Govt School, which now serves its below-poverty-line community more effectively. In 2021, we sponsored hemodialyses for over 1,500 patients from financially challenged families, highlighting our commitment to social causes and giving back to society
ESG Framework
The ESG Operating Framework is guided by the Group’s ESG Strategy and comprises a set of principles and details the framework and processes that drive assessment, delivery, and ensure ongoing engagement with internal and external stakeholders.