IndusInd Bank ESG Approach - Scale With Sustainability: ICICI Securities

IndusInd Bank ESG Approach - Scale With Sustainability: ICICI Securities

A guard stands at the entrance to an IndusInd Bank Ltd. branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We hosted IndusInd Bank Ltd. at our virtual Environmental, Social, and Corporate Governance Conference 2021, wherein the management articulated ‘sustainability’ is the cornerstone of each of its triennial planning cycle strategy.

Key ESG achievements include:

  1. only Indian bank to be included in the S&P Dow Jones Sustainability Indices yearbook 2021; retained its top position in Carbon Disclosure Project for sixth consecutive year;

  2. ~43% of Indisind Bank’s lending book constituted sustainable finance and

  3. achieved emission reduction of 36% in FY21.

Critical ESG targets and goals:

  1. ESG-focused lending is targeted at 45% by FY23;

  2. by FY25, it aims to achieve emission reduction of 50% over baseline year FY20.

Click on the attachment to read the full report:

ICICI Securities IndusInd Bank ESG Conference .pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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