Corporate Social Responsibility
Supporting sustainable development in the Maldives through ethical business practice, responsible finance, and meaningful community impact.
Housing Development Finance Corporation believes that no organization can make sustainable development without the patronage of society. HDFC is committed to integrating social and environmental concerns in its business operations and in its interactions with stakeholders.
The Company continues to prioritize growth of the national economy while remaining mindful of social and moral responsibilities to customers, shareholders, employees, and society. CSR is a continuing commitment to ethical business behavior and improved quality of life for communities.
Our CSR Vision
Foster a safe and healthy environment, enhancing the living standards of all Maldivians.
Our CSR Mission
Provide financial and social support to drive the realization of our vision.
Our Priority Areas
Housing
Any initiatives connected to improving living standards or providing enhanced living for communities/individuals. [SDG 11: Sustainable Cities and Communities, & SDG 3: Good Health and Well-Being]
Community Development
Initiatives aimed at improving or providing opportunities for individuals and communities. [SDG 8: Decent Work and Economic Growth, SDG 10: Reduced Inequalities, & SDG 4: Quality Education]
Environment
Projects that promote sustainability and environmental preservation. [SDG 13: Climate Action, SDG 15: Life on Land, & SDG 12: Responsible Consumption and Production]
Sustainability at HDFC
HDFC adopts a holistic approach towards sustainability and strives to pro-actively embed sustainability thinking and practices at every level of its business.
The sustainability philosophy, strategy and objectives are clearly articulated in the organisations culture and each and every one is responsible for ensuring the organization-wide implementation of the same.
Promoting Responsible & Green Finance
We continue to promote responsible lending by educating new recruits and employees on the ethics of responsible lending, which encompass the social and environmental impact of lending. Both these aspects are assessed before a lending decision is made.
Accordingly, compliance to all relevant environmental regulations, including EIA reports of our end-user financing projects and the impact on the environment from our business operations are assessed prior to approval.
Looking Forward
HDFC is always willing to contribute to the improvement of living standards in the Maldives and will continue to push the sustainable lending agenda through greater stakeholder engagement.
Even though the number of people demanding for housing is expected to continue to increase structurally in the coming years, HDFC will continue to push the sustainable lending agenda through greater stakeholder engagement.
Meanwhile we will continue to avoid, minimise, and mitigate our environmental impact through greater emphasis on green financing, by reviewing our environmental and social management system and by striving to reduce our carbon footprint through more responsible consumption of resources.
Responsible Finance and Green Transition
We continue to strengthen responsible lending and support green finance initiatives in collaboration with national institutions and development partners.