As a responsible financial institution, we catalyse India’s progress on the path towards equitable and sustainable economic growth. Our ESG strategy is woven around realising our purpose of creating a more ‘inclusive and equitable economy, thriving community and a healthier planet.’
Through our Board-led ESG strategy and action plan, we demonstrate our resolve to drive our country’s economic growth as providers of responsible, sustainable finance.
Since 2015, we have had in place the Board-approved ESG Policy for Lending that integrates environmental and social risk considerations into our credit appraisal mechanisms.
Our Sustainable Financing Framework document, released in August 2021, articulates our strategy for financing ESGaligned sectors and defines the project categories considered to be eligible as ‘sustainable’. The Framework received Second Party Opinion from Sustainalytics, thus providing the highest level of confidence on its alignment to global sustainable finance best practices.
In September 2021, we announced a series of commitments aligned to achieving Sustainable Development Goals and supporting India’s commitments under the Paris Agreement.
Positive Impact Financing
Proactive Risk Mitigation
Inclusive and Equitable Economy
Sustainable Banking and Finance Banking
Banking for the Emerging India
Partnership to Boost E-Mobility Ecosystem in the Country
In November 2021, we announced a partnership and the intent to execute an umbrella guarantee framework with GuarantCo ─ the guarantee arm of the Private Infrastructure Development Group, jointly owned by the G7.
The framework of $200 million with a programme size of $300 million will play a key role in accelerating the e-mobility eco-system in India.
Strengthening India’s Healthcare Infrastructure
We made a commitment to strengthen India’s healthcare infrastructure by signing a memorandum of understanding with IPE Global Ltd.
Under this partnership, we will provide affordable finance of up to $150 million through SAMRIDH, an initiative supported by the United States Agency for International Development (USAID), to provide affordable debt financing to health enterprises and innovators.
Supporting supply chain financing in impact sectors
Signed a partial guarantee facility agreement with ADB with an initial outlay of $150 million towards supporting supply chain financing in impact sectors, including priority sectors