Archive · 9 Jun 2025
ICICI Bank's Sustainable Transformation in Banking
ICICI Bank is trying to be a good bank for the environment and society.
They started by using less paper and saving energy, and now have a plan to become carbon neutral.
The bank checks if the companies they lend to are also environmentally friendly.
ICICI Bank also invests in things like solar and wind power and helping people.
They are training employees to be more sustainable and giving money to community projects, helping lots of people in need.
ICICI Bank has been recognized as a sustainability leader in the domestic banking sector.
The bank's sustainability journey includes digitized operations and an ESG policy.
ICICI Bank uses ESG risk assessment questionnaires for evaluating borrowers.
The bank has set a target to become carbon neutral in Scope 1 and Scope 2 emissions by FY32.
ICICI Bank is training its employees and investing in CSR initiatives, benefiting millions.
- Who
- ICICI Bank
- What
- ICICI Bank's sustainability initiatives
- When
- Initiatives started before ESG became a focus, with key actions in 2022 and ongoing
- Where
- India
- Why
- To transform the banking operations sustainably.
- ICICI Bank's Years of Service
- 70 years
- ICICI Foundation for Inclusive Growth Established
- 2008
- ESG Policy Adoption
- 2022
- Sectors Using ESG Risk Assessment (FY25)
- 20
- Carbon Neutrality Target (Scope 1 & 2)
- FY32
- Green Financing Portfolio (March 2024)
- 19,366 crore
- % for renewable energy within Green Financing Portfolio (March 2024)
- 50%
- CSR Spending in FY24
- 519 crore
Sources
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Tata Power’s ‘Sustainable Is Attainable’ Season 2: Powering India’s roadmap to a greener future
JSW Steel’s Big Bet On Decarbonisation
