These guidelines "provide a systematic standardised framework of action catering to banking sector's risks, opportunities and responsibilities around environment, social and economic factors in an integrated manner."
| Focus: |
Environmental, Social, and Governance |
| Publishing date: |
2017 |
| Effective from: |
2017 |
| Version: |
Final |
| Voluntary / Mandatory: |
Voluntary |
Relevance to investor:
Institutional Investors for whom FI performance on ESG is important, can evaluate FIs who have adopted these principles with greater ease, and also have the confidence of a holistic evaluation of the partner.
Objectives:
Present ESG Principles for Responsible Financing as a Guideline for FIs
Institution behind the policy / framework: Indian Banks' Association
Target users: Financial institutions
Components of the policy / framework:
ESG Principles:
Principle 1: Ethical conduct and E&S Governance
Principle 2: Integration of E&S risk management in business activities
Principle 3: Minimizing environmental footprint in internal operations
Principle 4: Environmentally friendly products, services and investment
Principle 5: Enabling inclusive human and social development
Principle 6: Stakeholder engagement
Principle 7: Commitment to human rights
Principle 8: Disclosure |
8 ESG Principles viewed across (a) Description and Applicability, and (b) Areas of Disclosure
5 Pillars of Responsible Finance Strategy
Principle-wise Implementation Guidance |
Five Pillars of a Responsible Finance Strategy:
- Leadership
- Materiality
- Integration
- Engagement
- Disclosure and Reporting
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