IndusInd Bank ESG Approach - Scale With Sustainability: ICICI Securities
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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:
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;
~43% of Indisind Bank’s lending book constituted sustainable finance and
achieved emission reduction of 36% in FY21.
Critical ESG targets and goals:
ESG-focused lending is targeted at 45% by FY23;
by FY25, it aims to achieve emission reduction of 50% over baseline year FY20.
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