The Urban Life

ESG India Feb 2022 Report

Our UN SDG Priorities

We have identified five priority United Nations Sustainable Development Goals (UN SDG) that align well with our vision, mission and core platform operations. These goals will help us contribute to building a better world for everyone.

Good health and well-being

Ensure healthy lives & promote well-being for all ages

Decent work and economic growth

Promote sustained, inclusive & sustainable economic growth, full & productive employment and decent work for all

Responsible consumption & production

Ensure sustainable consumption & production patterns

Gender equality

Achieve gender equality & empower all women & girls

Reduced inequalities

Reduce inequality within & among countries

Our ESG Commitments

Our key pillars of impact tie up with the overall ESG commitments of promoting economic empowerment, equity, social security, safety, and a better quality of life for all our stakeholders as we organise home and beauty services.

Middle-class earnings: Committed to service partners earning at least a living wage & leading a middle-class life
Safety net: Provide life, accidental & health insurance cover to all partners
Train & upskill 500,000 service partners by 2030, including at least 200,000 women service partners
Partner Stock Option Plan: Create an evergreen PSOP plan, enabling 20,000-30,000 partners to become shareholders of UC
Independent and diverse board, with a one share one vote philosophy
Increase women representation in leadership roles in the company to 40% by 2025.
Create a diverse and inclusive workplace, helping people of all backgrounds unlock their potential
Social
Middle-class earnings: Committed to service partners earning at least a living wage & leading a middle-class life
Safety net: Provide life, accidental & health insurance cover to all partners
Train & upskill 500,000 service partners by 2030, including at least 200,000 women service partners
Partner Stock Option Plan: Create an evergreen PSOP plan, enabling 20,000-30,000 partners to become shareholders of UC
Governance
Independent and diverse board, with a one share one vote philosophy
Increase women representation in leadership roles in the company to 40% by 2025.
Train & upskill 500,000 service partners by 2030, including at least 200,000 women service partners
Create a diverse and inclusive workplace, helping people of all backgrounds unlock their potential
Encourage EV adoption and minimize single-use plastic from service delivery and supply chain
Encourage reuse & recycle of home appliances and build a supply chain of safe e-waste disposal.
Build an ethical supply chain and define clean sourcing norms
Environment
Encourage EV adoption and minimize single-use plastic from service delivery and supply chain
Encourage reuse & recycle of home appliances and build a supply chain of safe e-waste disposal.
Build an ethical supply chain and define clean sourcing norms

Partner Enablement

We have always believed in a structured approach towards partner development and well-being centered around 4 key pillars: improved earnings, safety net, training, and wealth creation.

To this effect, we launched an industry-first Partner Stock Option Plan (PSOP) for our service providers in March 2022. Under this plan, the company will award stocks worth INR 150 Cr. to thousands of service partners over the next 5–7 years.

Partner Stock Option Plan (PSOP)

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