A message from our Chief Executive Officer
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 enhanced their commitment to environmental, social and governance (ESG) issues and have undertaken path-breaking initiatives in each category. A major focus of our companies has been initiatives to protect the environment, working with communities, while maintaining highest levels of governance. Our initiatives in this regard range from water conservation and rain-harvesting, to increasing their renewable energy sourcing, tree-planting, reducing the use of plastic, recycling, and reusing wastewater. Two of our companies in particular Bangalore International Airport Limited (BIAL) and Sanmar are leaders in their respective industries. As well, training and learning opportunities for our employees have been another focus area, with innovative technical platforms implemented for employees, and learning centres established in rural communities.
In 2016, Fairfax established the Fairfax India Charitable Foundation with the objective of undertaking charitable activities to support communities. The charitable foundation has done excellent work in supporting close to 1,000 dialysis centres across India and has actively contributed to natural disaster recovery initiatives. Our investee companies have been at the forefront of environment protection, support to our customers, providing learning and development opportunities for employees, ensuring superior standard of cybersecurity and corporate governance.
We believe that over the long-term, value creation is intricately linked to the prosperity of our people, communities, and the environment that our businesses operate in. We are committed to create value for all our stakeholders.
Chief Executive Officer