RBI Report on Currency and Finance: Still a long way off from environmental, social and climate safeguards
The Reserve Bank of India released its “Report On Currency and Finance 2022-23 :Towards A Greener Cleaner India” earlier this month.
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.
India Pitches for Climate Finance Internationally, But Prioritises ‘Development’ at Home
The year 2022 saw renewed urgency and consistency in India’s pitch to demand ‘climate finance’.
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,...
ESG dilution: Way forward lies in inequality sensitive RE Finance
The first half of this year has been challenging for RE expansion both at the global level and in India. Supply disruptions in coal and Liquified Natural Gas (LNG) owing to the Russia-Ukraine war...
Banks must adopt ESS safeguards in lending
As we observed environment day during one of the hottest Indian summers, the near absence of climate change as a civic discourse is alarming. At a time when the world finds itself in the...