A vision to align socio-economic change & growth

M P Ahammad, chairman, Malabar Group of Companies , outlined how the group holistically integrates ESG principles into its operations. The company, with a turnover exceeding Rs 62,000 crore, allocates 5 percent of its profits consistently towards social welfare. This is more than double the mandated 2percent. “We believe in giving back to the society from which we earn,” he said.

“We firmly believe that widespread adoption of ESG frameworks by the corporate sector and support of the people can bring about meaningful socio-economic transformation ,” he said.

The group, which started as a single jewellery showroom in Kozhikode 32 years ago, now operates over 400 outlets across India and abroad.