UGRO Capital Releases Its Latest Social Impact Report
As the world continues to grapple with the challenges of climate change, economic inequality, and social injustice, it is more important than ever for businesses to prioritize their social and environmental impact. In this regard, UGRO Capital has made significant strides in its mission to empower micro, small, and medium-sized enterprises (MSMEs) across India. The company has recently released its latest Social Impact Report, which highlights its efforts to integrate environmental, social, and governance (ESG) principles into its operations and align with the United Nations’ Sustainable Development Goals (SDGs).
According to the report, UGRO Capital has supported over 135,000 MSMEs with an asset under management (AUM) of ₹11,067 crore. What’s more impressive is that 78% of these entrepreneurs were first-time business owners, and 74% of them were women-led. This is a testament to the company’s commitment to promoting entrepreneurship and financial inclusion among underserved communities.
Another notable aspect of the report is the significant amount of funding disbursed to green businesses. UGRO Capital has provided ₹642 crore to 3,369 businesses that are working towards sustainable development and reducing their environmental footprint. This is a crucial step towards achieving the SDG 13, which aims to take urgent action to combat climate change and its impacts.
The report also highlights UGRO Capital’s efforts to integrate ESG principles into its operations. The company has adopted a robust ESG framework that assesses its social and environmental impact, as well as its governance structure. This framework ensures that the company’s decisions are aligned with its values and goals, and that its activities have a positive impact on the environment and society.
In addition to its ESG integration, UGRO Capital has also made significant progress in aligning its operations with the UN SDGs. The company has identified specific SDGs that it is focusing on, including SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action). By focusing on these SDGs, UGRO Capital is able to have a greater impact on the issues that matter most to society.
The report also highlights UGRO Capital’s efforts to promote inclusion and sustainability. The company has implemented various initiatives to support MSMEs, including financial literacy programs, business skills training, and access to markets and networks. These initiatives have helped to empower MSMEs to grow and thrive, and have contributed to the company’s overall social and environmental impact.
In a statement, the CEO of UGRO Capital said, “We are committed to using our business as a force for good. Our Social Impact Report shows that we are making progress towards our goals, but we know that there is still much work to be done. We will continue to prioritize ESG integration, UN SDG alignment, and inclusion and sustainability in our operations, and we are excited to see the impact that we can make in the years to come.”
In conclusion, UGRO Capital’s latest Social Impact Report is a testament to the company’s commitment to social and environmental responsibility. The report highlights the company’s efforts to integrate ESG principles into its operations, align with the UN SDGs, and promote inclusion and sustainability. With its focus on empowering MSMEs and promoting sustainable development, UGRO Capital is playing a critical role in achieving a more equitable and sustainable future for all.
Source: https://startuptalky.com/news/ugro-capital-empowers-135k-msmes-social-impact-report/
