IDFC FIRST Bank Risk Management & Asset Quality
Section 14: Progress on ESG
ESG Commitments, Ratings and Governance
ESG Commitments
Annual disclosures published through the Bank's first Integrated Report,
aligned with Int'l IR framework, GRI and SASB
•
Official Participant of United Nations Global Compact (UNGC)
.
Official supporter of Task Force on Climate-Related Financial Disclosures
(TCFD) in the Indian Banking sector
★ ESG Ratings
CSA ESG score (DJSI)
Sustainalytics
26.6
2023
47
2023
Lower is better
↑
↑
2022
44
2022
38.3
MSCI
★
CRISIL
LSEG*
2023
A
2022
66 (B)
2023
65
Started 2022
↑
2021
BBB
2021
2022
60
*Previously Refinitiv
e
H
ESG Governance
Structure
Board Level Committee
• Board Committee: Stakeholders Relationship, ESG and
Customer Service Committee Chaired by an
Independent Board member
Management Level Committee
⚫Chaired by MD & CEO
• Drives the strategic integration of sustainability within
the Bank
• Constitutes executive members including heads of Group
functions
Steering Committee and Working Group
• Specific
working groups with cross-functional
composition and expertise responsible for delivering on
the ESG agenda
Facilitated by a dedicated ESG team
88
IDFC FIRST
BankView entire presentation