Coastal Local Area Bank Limited
Climate Impact & Sustainability Data (2020-03 to 2021-03)
Reporting Period: 2020-03 to 2021-03
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Not disclosed
Social Achievements
- Food distribution to daily wage earners and migrant labor; establishing digital classrooms for students at three centers; contributions to Army Welfare and a Cancer Hospital.
Governance Achievements
- Established a Whistle Blower Mechanism; constituted nine Board Committees to oversee various aspects of the bank's operations; implemented a CSR policy.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- COVID-19 lockdowns impacting branch operations and staff; rising COVID-19 cases; unprecedented decline in GDP growth.
Mitigation Strategies
- Implemented a Covid-19 Business Continuity Plan including work-from-home, safety measures, and immunity kits for employees; launched incentive schemes, deposit campaigns, and reorganized credit departments; restructured loans under RBI guidelines; increased provision coverage ratio.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed