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,...
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...
FAQ on Environmental and Social Safeguards for Financial Institutions
As progress has come to mean growing accumulation and consumption in material terms, this has led to establishment of ever larger production units, energy harnessing facilities, transport, storage and recreational infrastructure.