Access to safe and healthy shelter is essential to a person’s physical, psychological, social and economic well-being. The right to adequate housing is a basic human right and is emphasized in the Universal Declaration of Human Rights and the International Covenant on Economic,
Access to safe and healthy shelter is essential to a person’s physical, psychological, social and economic well-being. The right to adequate housing is a basic human right and is emphasized in the Universal Declaration of Human Rights and the International Covenant on Economic, Social and Cultural Rights. Decent housing assists in several dimensions to improve physical quality of life and economic growth of a country as measured and communicated by the Millennium Development Goals (MDGs). HDFC Bank being a prominent housing development finance partner can play a vital role in realizing these goals.
The country is marching towards achieving most of MDGs by year 2015. HDFC recognizes this national responsibility and is fully committed assisting in its capacity in reaching Millennium Development Goals, through promoting inclusive housing finance.
» Acting as a Social and Economic Stabilizer
HDFC Bank’s primary business objective is assisting people to own a decent house by providing affordable housing finance, the foundation upon which our economic and social sustainability ethos has been constructed.
HDFC Bank’s primary business objective is assisting people to own a decent house by providing affordable housing finance, the foundation upon which our economic and social sustainability ethos has been constructed. Housing not only provides physical shelter but also has significant impact on the lives of the dwellers in terms of skill enhancement, education, health, income generation, security, self confidence and human dignity. In a social context it reduces domestic violence and addresses many other social issues. Housing is also a key driver of a country ‘s economy. As per an international assessment, it is estimated that six hundred industries are linked to housing.
One Rupee invested in housing creates Rupee five to seven impact in other economic sectors. Therefore broadly, housing development finance plays a crucial role in boosting economic growth and reducing poverty, improving living conditions and empowering low and middle income groups.
» Improving Accessibility to Housing Finance
Access to adequate housing has become a key issue for a considerable share of the Sri Lanka’s population. Economic growth has contributed to a significant increase in the size of the middle class,where changing culture And shrinking household size have fueled the need for decent housing even further.
Access to adequate housing has become a key issue for a considerable share of the Sri Lanka’s population. Economic growth has contributed to a significant increase in the size of the middle class, where changing culture
And shrinking household size have fueled the need for decent housing even further. But household savings has
been inadequate to finance housing for many. Formal housing finance is less accessible for many due to lack of
formal employment, regular income, collaterals and formal credit histories. HDFC Bank being a fully fledged housing finance provider , is committed to serve this sector which represents 60 - 70% of the population.
» Managing Ecological Footprint.
Housing begins with construction which involves the input of a large amount of capital, energy, water, other natural resources and making of substantial amounts of solid and liquid waste.
Housing begins with construction which involves the input of a large amount of capital, energy, water, other natural resources and making of substantial amounts of solid and liquid waste. It permeates an adverse impact on the environment and prevalent eco-systems if resources are not managed properly.
At HDFC we believe that sustainable housing practices could mitigate the negative impact of housing on the environment while delivering long lasting economic and social benefits. Hence we strive to promote a culture where the end result of our operation must be the fruition of sustainable construction, which delivers long lasting economic, environmental and social benefits to our stakeholders.
» Role Model of a Good Corporate Citizen.
We believe that sustainability should be a core focus of our business. At the same time, we want to be a role model
of an economically stable, ecologically responsible and socially fair corporate citizen. Therefore,
We believe that sustainability should be a core focus of our business. At the same time, we want to be a role model of an economically stable, ecologically responsible and socially fair corporate citizen. Therefore, we strive to ensure
that our business fundamentals are within the industry norms and standards, and follows generally accepted codes of best practices and respect sustainability principles and practices related to human rights, labour, the environment and anticorruption which leads to long-term value creation, that can simultaneously benefit the corporate and the societies
at large
» Sustainability Development Directives
Policy Directives
In consideration of the above sustainability strategic focus, the Board of Directors has approved a policy framework which guides the sustainability ethos of HDFC Bank. The policy emphasizes that HDFC is to conduct business in a best possible way that demonstrates our commitment to continued improvement and the advancement of sustainable development practices and engagement with all our stakeholders, in an open and straightforward manner to balance HDFC Bank’s corporate objectives with their interest
We believe that sustainability should be a core focus of our business. At the same time, we want to be a role model of an economically stable, ecologically responsible and socially fair corporate citizen. Therefore, we strive to ensure
that our business fundamentals are within the industry norms and standards, and follows generally accepted codes of best practices and respect sustainability principles and practices related to human rights, labour, the environment and anticorruption which leads to long-term value creation, that can simultaneously benefit the corporate and the societies
at large
We believe that sustainability should be a core focus of our business. At the same time, we want to be a role model of an economically stable, ecologically responsible and socially fair corporate citizen. Therefore, we strive to ensure
that our business fundamentals are within the industry norms and standards, and follows generally accepted codes of best practices and respect sustainability principles and practices related to human rights, labour, the environment and anticorruption which leads to long-term value creation, that can simultaneously benefit the corporate and the societies
at large
