Report: Most Indian Banks Fail on Policies of Climate Change, Human Rights
Thursday, October 3, 2019
Most Indian banks fail on policies of environment and human rights and this inaction leaves the Indian banking sector vulnerable to investment risks arising due to climate emergencies, according to the first edition of Fair Finance Guide India scorecard. The scorecard, that analysed environmental, social and governance (ESG) policies, disclosures and commitments of various banks in India, noted that Indian banks have policies on financial inclusion and corruption, but are found wanting on social, environmental and human rights issues in their investment policies.
Fair Finance Guide India is a group of civil society organisations to create an ecosystem amongst financial sector actors to recognise the ESG risks in their investments.
Source: Economic Times (link opens in a new window)