Environmental, Social, and Governance
At KVB, we are solidifying our commitment to sustainable practices and have actively begun aligning our ESG objectives with the United Nations Sustainable Development Goals (UN SDGs), demonstrating our dedication to a positive global impact.
KVB prioritises Environmental, Social, and Governance performance as a core element of our long-term strategy. We are demonstrably committed to continuous improvement in this area, as evidenced by our voluntary disclosure of the Business Responsibility and Sustainability Report (BRSR) since FY 2021-22. Furthermore, we are actively establishing a robust governance framework to ensure the seamless integration of ESG and climate considerations into our core business activities. This commitment manifests in our credit policy, which incorporates ESG factors during loan sanction processes, promoting responsible financial practices that contribute to both our financial sustainability and the well-being of the environment. We have also initiated a project to obtain IGBC Green Certification for our Central Office building.
KPIs as of FY 2023-24
Environmental
Recognising the critical role of environmental sustainability, KVB actively integrates eco-conscious practices into daily operations. This commitment translates into investments in renewable energy, optimum resource consumption, minimising our carbon footprint and promoting environmental conservation efforts. Through these ongoing ESG initiatives, we strive to create a positive environmental impact, aligning our business strategies with the global shift towards a greener and more sustainable future.
Read more→Rs. 74.04 Lakh
Spent on energy conservation
1381209 Units
Renewable Energy Generated
20934.19 Metric Tonnes of CO₂e equivalent
Total Greenhouse Gas Emissions (Scope 1 and Scope 2)
20 Metric Tonnes
Amount of electronic waste recycled
96%
Share of digital transactions
31%
CSR Budget spends exclusively for environmental sustainability projects
Governance
KVB operates with unwavering dedication to the highest standards of corporate governance. This commitment fuels our pursuit of sustainable and profitable growth. Our robust risk management framework empowers us to navigate market fluctuations with agility, while our comprehensive governance practices ensure strong internal controls over processes and reliable performance reporting. Furthermore, KVB fosters collaboration with external entities and subject matter experts, actively seeking their insights in the development of a comprehensive ESG risk strategy.
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KVB fosters strong, symbiotic relationships with the communities we serve. We deeply value the trust placed in us, and this fuels our commitment to driving positive change and expanding financial inclusion for underserved populations. Our social responsibility philosophy extends beyond mere compliance. We prioritise strategic initiatives that promote gender diversity in our workforce, expand access to financial services in rural and semi-urban areas through our branch network and community initiatives encompassing education, healthcare and livelihood development – all with the aim of contributing to the social and economic development of the communities where we operate.
Read more→9,085
Total Workforce
28%
Women in the workforce
2450
New hires in FY 2023-24
25%
Women among new joiners
Rs.596 Lakhs
Invested in skill development of employees
75%
Increase in employee well-being spends
291717 Hours
Training Provided to Employees
99.64%
Training coverage
56%
Branches in rural and semi-urban area
Rs.18.39 Crore
CSR Spends
1.47 Lakh+
CSR Beneficiaries