India has been an integral part and focus area for Fairfax Financial Holdings Limited’s (Fairfax) investments for over three decades. In line with our long-term vision and commitment towards India, we established Fairbridge Capital Private Limited (Fairbridge Capital) in India in 2011 and Fairfax India Holdings Corporation (Fairfax India) in Canada in 2015. Fairfax India is the investment vehicle dedicated towards future investments in India and India related businesses.

Fairfax India has adopted ‘The Code of Business Conduct and Ethics’ as its cornerstone, which is built around the first value in our longstanding and regularly reported Guiding Principles – “honesty and integrity are essential in all our relationships and will never be compromised.” Following this, our Board of Directors maintain the highest level of corporate governance and transparency in corporate disclosures. Additionally, our guiding principles are ingrained in our investment decisions as well as in our investee companies’ everyday operations.

Our investee companies have undertaken many environmental, social and governance (ESG) initiatives. Since these investee companies cover a broad spectrum of sectors, including infrastructure, financial services, manufacturing and transportation, this ESG report provides an overview of the various aspects pertaining to environmental stewardship, responsible governance and social related initiatives.

In 2016, Fairfax established the Fairfax India Charitable Foundation with the objective of undertaking charitable activities to support communities and to provide immediate support when natural disasters occur in India. One of the landmark programs over the last decade has been the provision of dialysis machines. By the end of 2024, 1,400+ dialysis machines across India covering over 30% of India’s rural population have been put in operation. The goal is to have 2,000. Our investee companies have their own charitable activities, and, in many instances, the larger ones have implemented pan-India programs in health and education. We believe that over the long term, value creation is intimately linked to the prosperity of our people, communities, and the environment in which our companies are located. We are committed to creating value for all our stakeholders.