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Teesta Stage III dam — one of the biggest hydropower dams in India — was entirely wiped out by last year’s devastating glacial lake outburst flood (GLOF). Hydropower projects, often despite their documented environmental...
डेढ़ दशक पहले अमरीका के साथ होने वाले जिस परमाणु समझौते को लेकर तब की मनमोहन सिंह सरकर गिरने-गिरने को हो गई थी, आज वही परमाणु ऊर्जा खुल्लम-खुल्ला धंधे में उतर आई हैं। दुनियाभर...
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements.
The ‘Draft Disclosure Framework on Climate-Related Financial Risks’ released by RBI in February
Banks and financial institutions in India have no internal mechanisms to address the broader costs of investing in risky projects.
The lack of accountability and the deliberate indifference to the social and environmental impact of these massive hydroelectric projects emphasise the insensitivity of FIs that remain in the shadows in the aftermath of such...
The Centre for Financial Accountability held a dialogue at Mumbai on July 7, 2023 to discuss the drafting and implementation of environmental and social safeguards in Indian banks and financial institutions.
Warnings, protests, resignations and court cases have played out right before our eyes since the 1990s. But everybody acts surprised as the Joshimath town sinks.
The handbook on ‘Need for Environmental and Social Safeguards for Financial Institutions’ makes a case for implementation of safeguards mechanisms in financial institutions (FIs) which includes banks and non-banking FIs.
Analysis of financial institutions' policy orientation towards environmental and social safeguards, identifying gaps and limitations.
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,...
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...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows.
