Environmental & social responsibility of financial institutions must go beyond green initiatives
Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.
At India’s Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...