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Environmental, Social and Governance


We accord high strategic priority to Environmental, Social, and Governance performance and constantly work to improve the implementation and oversight of sustainability practices within our business. We are one among the few top listed entities to voluntarily disclose BRSR reporting for the financial year 2021-22. We are working towards setting up a robust governance structure for strategically integrating ESG and climate considerations into our business.

Aligning with our commitment to the environment, we have –

  • established a comprehensive ESG due diligence policy.
  • monitoring our own energy consumption and its scope-1 and scope-2 related emissions.
  • undertaken energy efficiency projects including phased installation of LED lights in all our premises, solar panels at Bangalore office and solar panel operated streetlights in our residential quarters at Karur.

Our social responsibility initiatives includes -

  • putting in place a well-defined CSR policy.
  • continuously improving the gender diversity in workforce.
  • locating our branches predominantly in semi-urban and rural areas.
  • enhancing the priority sector lending.
  • imparting strong focus on cyber security and data privacy aspects.

Governance is non-negotiable for us and we ensure that robust governance practices are followed across the Bank:

  • Independent Director consists of more than half the composition of the Board.
  • free & frank deliberations are made by the Directors in the Board and the views of each Director is considered for effective decision making.
  • Independent Directors evaluate the performance of the Board and also the performance of Non-Independent Directors.
  • developed our ESG policy in line with our commitment to sustainable banking practices.
  • initiated the steps to align our ESG objectives with the United Nationals Sustainable Development Goals (UN SDGs).

Our ESG Governance structure

Board

Our Board of Directors guides our overall ESG agenda and is periodically apprised of our sustainability approach, targets, and key initiatives.


CSR & ESG Committee

We strengthened our ESG governance by enlarging the scope of the Board level Corporate Social Responsibility Committee by including the Environmental, Social and Governance aspects, to oversee and review our ESG performance.


Risk Management and Asset Liability Management Committee (RM&ALM Committee)

The RM&ALM covers the entire gamut of risk management for the Company as a whole. This includes promoting prudent risk culture, assessing the risk universe, and monitoring the risk profile, including sustainability & ESGrelated risks.

Source: CareEdge Advisory and Research

  • Our ESG score has moved from 54 during the financial year 2020-21 to 68 for the year 2022-23. The incremental growth in score is above the average growth in the industry.
  • We conducted materiality assessment survey where we extensively engaged with stakeholders, in line with our commitment to integrate ESG aspects into our business.

Environmental

We recognise the critical importance of environmental sustainability in today’s world. We diligently incorporated ecofriendly practices into our operations, investing in renewable energy, minimising our carbon footprint, and promoting environmental conservation. Through our ESG initiatives, we aim to create a positive impact on the environment, aligning our business strategies with the global drive towards a greener and more sustainable future.

13,69,932 units

Power generation through Windmill

₹ 40 Lakh

Spent on energy conservation

Social

We share strong and symbiotic relationships with the communities where we work and operate. We honour and value their trust and it strengthens our resolve to keep making positive changes and bringing greater equity of access to the marginalized. Our philosophy is to contribute to the social and economic development of the community. Our approach to CSR goes beyond compliance, focusing on strategic initiatives that contribute to gender diversity in workplace, reaching the underserved community through our rural and semiurban branches, thereby promoting environmental sustainability.

28%

Women workforce

54%

Branches are present in rural and semi-urban areas

Governance

We steadfastly maintain exemplary corporate governance standards and remain dedicated to attaining sustainable and profitable growth. Our adept risk management framework allows us to navigate market fluctuations seamlessly, while robust governance practices ensure effective internal control over processes and dependable performance reporting.

35 years

Average Experience of the Board of Directors

66%

Independent Directors

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