Supplementary Reports
GRI Index
| Statement of use |
Citizens Development Finance PLC has reported the information cited in this GRI content index for the period 1 April 2022 to 31 March 2023 with reference to the GRI Standards. |
| GRI 1 used | GRI 1: Foundation 2021 |
|
GRI Standard Disclosure |
Disclosure | Location | Notes |
| GRI 2: General Disclosures 2021 | |||
| 2-1 | Organizational details | Corporate information | |
| 2-2 | Entities included in the organization’s sustainability reporting | Reporting period and boundary | |
| 2-3 | Reporting period, frequency and contact point | Reporting period and boundary and queries | |
| 2-4 | Restatements of information | Reporting period and boundary | |
| 2-5 | External assurance | External Auditors and assurance | |
| 2-6 | Activities, value chain and other business relationships | Business model Forging a cohesive ecosystem with stakeholders | |
| 2-7 | Employees | Workforce composition | |
| 2-8 | Workers who are not employees | Workforce composition | |
| 2-9 | Governance structure and composition | Corporate governance at CDB | |
| 2-10 | Nomination and selection of the highest governance body | Corporate governance disclosures Report of the Nomination Committee | |
| 2-11 | Chair of the highest governance body | Corporate governance disclosures | |
| 2-12 | Role of the highest governance body in overseeing the management of impacts | Corporate governance disclosures | |
| 2-13 | Delegation of responsibility for managing impacts | Corporate governance at CDB Business governance at CDB | |
| 2-14 | Role of the highest governance body in sustainability reporting | Key frameworks and compliance | |
| 2-15 | Conflicts of interest | Corporate governance disclosures | |
| 2-16 | Communication of critical concerns | Corporate governance disclosures | |
| 2-17 | Collective knowledge of the highest governance body | Corporate governance disclosures | |
| 2-18 | Evaluation of the performance of the highest governance body | Corporate governance disclosures | |
| 2-19 | Remuneration policies | Corporate governance disclosures Report of the Remuneration Committee | |
| 2-20 | Process to determine remuneration | Report of the Remuneration Committee | |
| 2-21 | Annual total compensation ratio | Ratio of basic salary and remuneration by employee category | |
| 2-22 | Statement on sustainable development strategy | Chairman's message Managing Director/Chief Executive Officer’s review Supporting sustainable development | |
| 2-23 | Policy commitments | Chairman's message Managing Director/Chief Executive Officer’s review | |
| 2-24 | Embedding policy commitments | Managing Director/Chief Executive Officer’s review | |
| 2-25 | Processes to remediate negative impacts | Corporate Governance Disclosures | |
| 2-26 | Mechanisms for seeking advice and raising concerns | Inculcating a culture of integrity and compliance | |
| 2-27 | Compliance with laws and regulations | Annual Report of the Board of Directors Inculcating a culture of integrity and compliance | |
| 2-28 | Membership associations | Memberships and associations | |
| 2-29 | Approach to stakeholder engagement | Engaging with our stakeholders and Identifying their Concerns | |
| 2-30 | Collective bargaining agreements | Inculcating a culture of integrity and compliance | |
| GRI 3: Material Topics 2021 | |||
| 3-1 | Process to determine material topics | Determining our priority Material Issues | |
| 3-2 | List of material topics | Determining our priority Material Issues | |
| 3-3 | Management of material topics | Assessing our risks and opportunities Engaging with our stakeholders and Identifying their concerns Supporting sustainable and inclusive social development | |
| GRI 201: Economic Performance 2016 | |||
| 201-1 | Direct economic value generated and distributed | Chief Financial Officer’s review, Value Added Statement | |
| 201-2 | Financial implications and other risks and opportunities due to climate change | Accelerating environmental sustainability through our core business | |
| 201-3 | Defined benefit plan obligations and other retirement plans | Retirement benefit obligation | |
| 201-4 | Financial assistance received from government | N/A | |
| GRI 202: Market Presence 2016 | |||
| 202-1 | Ratios of standard entry level wage by gender compared to local minimum wage | Ratio of basic salary and remuneration by employee category | |
| 202-2 | Proportion of senior management hired from the local community | ||
| GRI 203: Indirect Economic Impacts 2016 | |||
| 203-1 | Infrastructure investments and services supported | Investments in social Initiatives in 2022/23 | |
| 203-2 | Significant indirect economic impacts | Supporting sustainable and inclusive social development | |
| GRI 204: Procurement Practices 2016 | |||
| 204-1 | Proportion of spending on local suppliers | Local funding partners | |
| GRI 205: Anti-corruption 2016 | |||
| 205-1 | Operations assessed for risks related to corruption | Inculcating a culture of integrity and compliance | |
| 205-2 | Communication and training about anti-corruption policies and procedures | Inculcating a culture of integrity and compliance | |
| 205-3 | Confirmed incidents of corruption and actions taken | CDB did not come across any incidents of corruption in FY 2022/23 | |
| GRI 206: Anti-competitive Behavior 2016 | |||
| 206-1 | Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | There were no legal proceedings for anti-competitive behaviour, anti-trust, monopoly practices in FY 2022/23 | |
| GRI 207: Tax 2019 | |||
| 207-1 | Approach to tax | Taxes on financial services | |
| 207-2 | Tax governance, control, and risk management | ||
| 207-3 | Stakeholder engagement and management of concerns related to tax | ||
| 207-4 | Country-by-country reporting | ||
| GRI 301: Materials 2016 | |||
| 301-1 | Materials used by weight or volume | Waste management | |
| 301-2 | Recycled input materials used | Waste management | |
| 301-3 | Reclaimed products and their packaging materials | ||
| GRI 302: Energy 2016 | |||
| 302-1 | Energy consumption within the organization | Achieving efficiency in energy management | |
| 302-2 | Energy consumption outside of the organization | ||
| 302-3 | Energy intensity | ||
| 302-4 | Reduction of energy consumption | Achieving efficiency in energy management | |
| 302-5 | Reductions in energy requirements of products and services | Achieving efficiency in energy management | |
| GRI 303: Water and Effluents 2018 | |||
| 303-1 | Interactions with water as a shared resource | Effective water management | |
| 303-2 | Management of water discharge-related impacts | Effective water management | |
| 303-3 | Water withdrawal | ||
| 303-4 | Water discharge | ||
| 303-5 | Water consumption | Effective water management | |
| GRI 304: Biodiversity 2016 | |||
| 304-1 | Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | The LIFE Project – Restoring degraded land The Life to Our Mangroves Project The Ittapana Mangrove Conservation Project | |
| 304-2 | Significant impacts of activities, products and services on biodiversity | The LIFE Project – Restoring degraded land The Life to Our Mangroves Project The Ittapana Mangrove Conservation Project | |
| 304-3 | Habitats protected or restored | The LIFE Project – Restoring degraded land The Life to Our Mangroves Project The Ittapana Mangrove Conservation Project | |
| 304-4 | IUCN Red List species and national conservation list species with habitats in areas affected by operations | N/A | |
| GRI 305: Emissions 2016 | |||
| 305-1 | Direct (Scope 1) GHG emissions | Direct emissions | |
| 305-2 | Energy indirect (Scope 2) GHG emissions | Indirect emissions | |
| 305-3 | Other indirect (Scope 3) GHG emissions | N/A | |
| 305-4 | GHG emissions intensity | ||
| 305-5 | Reduction of GHG emissions | Reducing our carbon footprint | |
| 305-6 | Emissions of ozone-depleting substances (ODS) | N/A | |
| 305-7 | Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions | N/A | |
| GRI 306: Waste 2020 | |||
| 306-1 | Waste generation and significant waste-related impacts | Waste management | |
| 306-2 | Management of significant waste-related impacts | Waste management | |
| 306-3 | Waste generated | Waste disposal for FY 2022/23 | |
| 306-4 | Waste diverted from disposal | Waste disposal for FY 2022/23 | |
| 306-5 | Waste directed to disposal | Waste disposal for FY 2022/23 | |
| 308-1 | New suppliers that were screened using environmental criteria | Selecting our business partners | |
| 308-2 | Negative environmental impacts in the supply chain and actions taken | There were no negative impacts in the supply chain | |
| GRI 401: Employment 2016 | |||
| 401-1 | New employee hires and employee turnover | Attracting the best talent, Workforce composition | |
| 401-2 | Benefits provided to full-time employees that are not provided to temporary or part-time employees | Recognising and rewarding excellence | |
| 401-3 | Parental leave | Return to work and retention Rate after parental leave | |
| GRI 402: Labor/Management Relations 2016 | |||
| 402-1 | Minimum notice periods regarding operational changes | ||
| GRI 403: Occupational Health and Safety 2018 | |||
| 403-1 | Occupational health and safety management system | Creating a safe working environment | |
| 403-2 | Hazard identification, risk assessment, and incident investigation | Creating a safe working environment | |
| 403-3 | Occupational health services | Creating a safe working environment | |
| 403-4 | Worker participation, consultation, and communication on occupational health and safety | Creating a safe working environment | |
| 403-5 | Worker training on occupational health and safety | Creating a safe working environment | |
| 403-6 | Promotion of worker health | Creating a safe working environment | |
| 403-7 | Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | Creating a safe working environment | |
| 403-8 | Workers covered by an occupational health and safety management system | ||
| 403-9 | Work-related injuries | There were no work related injuries in FY2022/23 | |
| 403-10 | Work-related ill health | There were no work related ill health in FY 2022/23 | |
| GRI 404: Training and Education 2016 | |||
| 404-1 | Average hours of training per year per employee | Enhancing the potential of our employees | |
| 404-2 | Programs for upgrading employee skills and transition assistance programs | Enhancing the potential of our employees | |
| 404-3 | Percentage of employees receiving regular performance and career development reviews | Performance management and succession planning | |
| GRI 405: Diversity and Equal Opportunity 2016 | |||
| 405-1 | Diversity of governance bodies and employees | Diversity and inclusivity for enhanced productivity | |
| 405-2 | Ratio of basic salary and remuneration of women to men | Ratio of basic salary and remuneration by employee category | |
| GRI 406: Non-discrimination 2016 | |||
| 406-1 | Incidents of discrimination and corrective actions taken | There were no incidents discrimination nor any corrective actions taken in FY 2022/23 | |
| GRI 407: Freedom of Association and Collective Bargaining 2016 | |||
| 407-1 | Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | N/A | |
| GRI 408: Child Labor 2016 | |||
| 408-1 | Operations and suppliers at significant risk for incidents of child labor | ||
| GRI 409: Forced or Compulsory Labor 2016 | |||
| 409-1 | Operations and suppliers at significant risk for incidents of forced or compulsory labor | ||
| GRI 410: Security Practices 2016 | |||
| 410-1 | Security personnel trained in human rights policies or procedures | Inculcating a culture of integrity and compliance | |
| GRI 411: Rights of Indigenous Peoples 2016 | |||
| 411-1 | Incidents of violations involving rights of indigenous peoples | ||
| GRI 413: Local Communities 2016 | |||
| 413-1 | Operations with local community engagement, impact assessments, and development programs | Supporting sustainable and inclusive social development | |
| 413-2 | Operations with significant actual and potential negative impacts on local communities | There were no operations with significant actual and potential negative impacts on local communities | |
| GRI 414: Supplier Social Assessment 2016 | |||
| 414-1 | New suppliers that were screened using social criteria | Selecting our business partners | |
| 414-2 | Negative social impacts in the supply chain and actions taken | Selecting our business partners | |
| GRI 415: Public Policy 2016 | |||
| 415-1 | Political contributions | ||
| GRI 416: Customer Health and Safety 2016 | |||
| 416-1 | Assessment of the health and safety impacts of product and service categories | Marketing campaigns, promotions, and marketing communications | |
| 416-2 | Incidents of non-compliance concerning the health and safety impacts of products and services | ||
| GRI 417: Marketing and Labeling 2016 | |||
| 417-1 | Requirements for product and service information and labeling | Marketing campaigns, promotions, and marketing communications | |
| 417-2 | Incidents of non-compliance concerning product and service information and labeling | Ensuring compliance in a changing regulatory landscape | |
| 417-3 | Incidents of non-compliance concerning marketing communications | Ensuring compliance in a changing regulatory landscape | |
| GRI 418: Customer Privacy 2016 | |||
| 418-1 | Substantiated complaints concerning breaches of customer privacy and losses of customer data | Ensuring compliance in a changing regulatory landscape | |