The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
In a globalised context, insufficient disclosure of climate risks may diminish a bank’s attractiveness to international investors.
The Centre for Financial Accountability held a consultative discussion on Environmental and Social Safeguards Policy for Indian financial institutions at the National Consultation on Safeguards in Delhi on December 1, 2023.
The Reserve Bank of India released its “Report On Currency and Finance 2022-23 :Towards A Greener Cleaner India” earlier this month.
Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.
The year 2022 saw renewed urgency and consistency in India’s pitch to demand ‘climate finance’.
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,...
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...
