ESG Policy

About Fractal

Fractal Analytics Limited (hereinafter referred to as “Fractal”) is one of the leading providers of artificial intelligence (AI) and analytics solutions. Fractal serves clients by combining advanced algorithms (AI), data-to-decision technology (Engineering) and behavioural sciences (Design). Fractal’s major clientele comprises some of the world's most admired Fortune 500® companies.

Fractal has over 4400 people across 16 global locations.

Fractal has incubated, acquired, or invested in AI-led businesses such as Senseforth.ai (Conversational Intelligence), Crux Intelligence (AI Decision Engine), Asper.ai (Revenue Growth Management), Theremin.ai (AI driven equity investing), Eugenie.ai, Analytics Vidhya (Edtech Platform) and Neal Analytics.

Vision and Mission

Fractal’s vision is to power every human decision in the enterprise so the human mind can be free to imagine audacious possibilities that can transform human life across the planet

Fractal’s mission is to reshape business through science and advanced data tools and uncomplicate decision making, so human intelligence can be freed from the drudgery of monotonous work and committed to the pursuit of imagination and creative rewards.

Fractal’s core values are

1. Client First
2. Learn and Grow
3. Thing Big, Act Fast
4. Extend Extreme Trust and Be Accountable

Read more about our values at fractal.ai/our-values

Purpose and Scope of the ESG Policy

This ESG Policy document presents the Environmental, Social & Governance (ESG) commitments and aspirations of Fractal.

Fractal believes that a proactive, science-based, solution-oriented approach will help embed environmental stewardship in our operations and deliver on Fractal’s commitment towards environmental responsibility to stakeholders. Fractal encourages resource conservation, resource use efficiency, increase in the use of green energy, and works towards minimizing waste and emissions in business operations. The company minimizes Greenhouse Gas (GHG) emissions and will align with India’s Nationally Determined Commitments (NDC) as well as global call for corporate climate action recommended by the Science Based Targets initiative (SBTi).
Fractal is an Equal Opportunity Employer. Fractal does not discriminate on the basis of race, gender identity, sexual orientation, religion, age, disability, socio economic or health status (including HIV). Fractal will continue to promote equality, diversity and inclusivity at the workplace and maintain fair labour practices.
Fractal continues to encourage vendors and suppliers to uphold responsible business practices that focus on ethics, human rights, and compliance with labour and environmental standards. Fractal will encourage its suppliers to develop an ESG policy and to measure and monitor their ESG footprint. Fractal has provided a grievance redressal mechanism to engage with all stakeholders. Suppliers are expected to comply with the Supplier Code Of Conduct that contains Fractal’s ESG expectations from Suppliers as well
Fractal is committed to intelligent, just, and consistent action to enable people, planet, and communities to thrive. Fractal also reflects on the SBTi, and We Mean Business Coalition portals as a result of its public commitment to environmental stewardship.

The ESG Policy is applicable to all the owned or operated premises of Fractal. Fractal commits to initiating implementation of the ESG commitments across all offices and operations in a strategic and phase-wise manner. Fractal aspires to set ambitious targets and strive for continuous improvement in ESG performance for offices and operations where ESG implementation is at mature stages.

ESG Commitments

Fractal commits to incorporating ESG considerations across the business operations and in its business strategy to ensure management of risks and to add value for all stakeholders.

Fractal’s ESG commitments have been developed based on extensive internal deliberations, workshops, external experts’ input, and stakeholder driven materiality assessment exercise.

The above results of the double materiality assessment have been considered in framing Fractal’s guiding and operational principles that support implementation of the ESG policy.

Guiding Principles

This policy has been developed based on the following global and national guidelines:

Ten Principles of the United Nations Global Compact (UNGC)1
UNGC is a principle-based framework for businesses to adopt sustainable and socially responsible policies and to report on their implementation. UN Global Compact guides businesses to take a principles-based approach to the Sustainable Development Goals (SDGs) and helps integrate action on the SDGs deeply into core business practice.
National Guidelines on Responsible Business Conduct (NGRBC) by ministry of Corporate Affairs, Government of India2
The NGRBC is designed for companies that are invested or operating in India to guide the companies for adoption of responsible business practices in alignment with local and national standards and norms. The NGRBC informs the regulatory disclosure framework Business Responsibility and Sustainability Reporting (BRSR).
Core and Expanded Metrics by World Economic Forum’s International Business Council3
The metrics provide guidance on the ways in which companies measure and demonstrate their performance against environmental, social and governance (ESG) indicators and track their positive contributions towards achieving the Sustainable Development Goals (SDGs) on a consistent basis.

Fractal commits to

Ensuring compliance with applicable environmental and social, legal requirements and standards of governance on a proactive basis.
Adopting Good International Industry Practices (GIIP) in alignment with global ESG standard reference frameworks that go beyond compliance.
Proactively engaging with stakeholders and ensuring timely redressal of grievances
Establishing and maintaining systems, developing processes and procedures, and building capacity in the organization to achieve the policy objectives.