SBI Funds Management Pvt. Ltd. (SBIFM), Mutual Fund Industry leader with assets of Rs 4.21 lakh crores (as on Sept 2020) announced the publication of its Integrated Annual Report for the financial year 2020. The report offers its stakeholders a concise view of how the company’s business, strategy, governance, performance and prospects enabled it to create value for its stakeholders in 2019-20.
SBI Funds Management Pvt Ltd is the first AMC in India to have launched its Integrated Annual Report for the 2nd year in succession. The report has been developed in accordance with the principles of International <IR> Framework of the International Integrated Reporting Council (IIRC) and remains true to its principles of Integrated Thinking.
The report themed on “Building a progressive and sustainable world” explores SBIFM’s continued commitment towards UN’s Sustainable Development Goals, progress across eight capitals and demonstrates its responsibility towards its investors. The report also includes SBIFM’s financial and non-financial performances across a range of areas and provides key insights into its corporate governance, material topics, principle of responsible investing and value creation process among other sections.
Releasing the report, Mr. Vinay Tonse – MD & CEO of SBIFM said “The 2020 edition while keeping the basic tenets of last year’s report, includes newer elements which highlight our Company’s deep resolve to adhere by the UN’s Sustainable Development Goals (SDGs) – which hold more significance today than ever before – while creating value for our customers and investors”
Mr. Navneet Munot – Chief Investment Officer of SBIFM said “This year through our Integrated Report we are commemorating the 75th anniversary of the United Nations and the 5th anniversary of the adoption of Sustainable Development Goals (SDGs). This year’s report also includes aspects on how we as a company adopted Responsible Investing and how our value creation process highlights the impact of our business on SDGs”
The detailed Statutory Statements and Financial Reports are also part of this document and are in line with the requirements of the Companies Act, 2013 and the rules made thereunder, Indian Accounting Standards and applicable Secretarial Standards.