Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water conservation
• Community development
• Clean environment
• Financial inclusion
• Governance

Environmental Achievements

• Deepening and widening of Nagakudiyan Lake in Vedaranyam; rejuvenation and desilting of Udayarpalayam (28 acres); contribution towards rebuilding Bamini River canals; matured IT platform encouraging paperless banking; installed solar power panels in some offices.

Social Achievements

• Substantial contribution towards community development; Solid Waste Management (SWM) project in Karikkulam; contribution for setting up 200 smart classes; Covid-19 relief measures (Oxygen Concentrators, CM Relief Fund); contribution towards construction of classrooms; donation of ambulance and tempo traveller; promoting awareness for Government Schemes (APY, MUDRA, PMJBY, PMSBY); Financial Inclusion initiatives; fostering and promoting local culture; renovation of Sanctum Sanctorum at Sri Brahadeeswarar temple.

Governance Achievements

• Steady growth for over 118 years without compromising on governance; Board of Directors constituted in accordance with relevant regulations; Board Diversity policy; various sub-committees formed; strict adherence to laws and regulations; ethical practices by employees.

Climate Goals & Targets

Environmental Challenges

• Cyber risks associated with digitalization; natural disasters and pandemics; stiff competition and increase in Jewel loan & ECLGS portfolio.

Mitigation Strategies

• Robust IT infrastructure to detect and respond to frauds; 24x7 Security Operation Centre (SOC); quarterly cyber drills; strong cyber security measures; immediate response to natural disasters and pandemics; providing infrastructure and relief materials; extending financial assistance; affordable interest rates on agricultural loans; strong cyber security measures.

Supply Chain Management

Responsible Procurement

• Procuring goods from local and small vendors.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• CUB Fit Watch Debit card; CUB Keychain Debit card.

Awards & Recognition

• Banking Finnoviti Awards for UPI 123 Pay

Environmental Metrics

ESG Focus Areas

• Customer privacy and Data Security
• Climate related change
• Business Ethics and Governance
• Employee Engagement, Diversity and Inclusion
• Digitalisation and Paperless Banking
• Regulatory and Statutory Compliances

Environmental Achievements

• Minimized the use of plastic bottles, plates, cups, and spoons in Board and Committee meetings.
• Sensitized all its employees to prohibit the use of plastics in the Banks premises, bringing own water bottles for drinking water purpose instead of using disposable pet bottles, minimise paper consumption, use of energy efficient equipment’s and conservation of water resources by optimum usage of water.
• Despite the addition of 48 new branches in the Financial Year and facing increased electricity tariffs in many states across India, energy consumption for the entire financial year rose by only 16% compared to the previous year.
• Invested in Environmental and Water conservation projects including the restoration of water bodies in Tamil nadu, cleaning / desiltation of tanks in various districts of Tamilnadu for the benefit of local community, contribution to various Municipalities under Self Sufficiency Scheme [ SSS] of the Govt . etc.

Social Achievements

• Contribution to various Municipalities under Self Sufficiency Scheme [ SSS] of the Govt.
• Supporting Health care projects, facilitating quality Education in schools and colleges by providing infrastructure & technology support and conduct Financial Inclusion programs
• During the financial year 2023 -24, 5,662 employees were imparted training which comprises to 79% of the total employee strength of the Bank.
• Master Health Check-up reimbursement program for non-executive employees (up to Rs. 8,000) and executive employees (up to Rs. 12,000).

Governance Achievements

• Maintaining stringent Corporate Governance standards and consistently disclosing relevant information to investors through continuous uploads to stock exchanges.
• Board of Directors consists of persons with diverse expertise providing a strong sense of leadership and governance in facilitating crucial decisions and setting strategies. Further, majority of the Board consists of Independent Directors.

Climate Goals & Targets

Environmental Challenges

• Customer privacy and data security risks due to digitization and third-party partnerships.
• Climate-related risks affecting the safety and soundness of the financial system.
• Regulatory and Statutory Compliance risks due to expanding regulatory and reporting requirements.

Mitigation Strategies

• Utilize Advanced technology tools and 24x7 Security Operation Centre (SOC) to detect and respond to cyber threats. Partnered with secure server providers that adhere to data security standards.
• Ensuring that climate related risks related to water i.e flood prone areas etc., are factored into while opening of new branches / ATMs / locker rooms. Taken steps to move towards paperless environment at its various offices in respect of loan processing and it has tied up with vendors for its automation.
• Good due diligence mechanism for monitoring transactions, performing customer background checks and evaluating all lending decisions.

Supply Chain Management

Responsible Procurement

• Prioritizes energy efficiency standards when purchasing equipment.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Reporting Standards

Frameworks Used: SEBI BRSR

Certifications: ISO / IEC 27001 : 2013, PCI DSS

Third-party Assurance: J. Sundharesan & Associates