Climate Change Data

The South Indian Bank Ltd

Climate Impact & Sustainability Data (2007, 2022-23, 2023-06 to 2024-03)

Reporting Period: 2007

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Social Sustainability
  • Economic Sustainability
  • Governance

Climate Goals & Targets

Environmental Challenges

  • Relocation of banned industries from developed to developing countries leading to potential social and environmental issues.
  • Enforcement of environmental legislation.
Mitigation Strategies
  • Systematic evaluation of environmental and social risks in loan and investment appraisal processes.
  • Development of innovative financial products and services supporting environmentally and socially beneficial activities.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Renewable energy
  • Energy efficiency
  • Cleaner production processes and technologies

Sustainable Products & Innovation

  • Financial products and services supporting commercial development of products or activities with social and environmental benefits (renewable energy, energy efficiency, cleaner production, biodiversity conservation, microfinance, financial services for women)

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:201.08 tonnes of CO2 (Scope 1) + 1772.16 tonnes of CO2 (Scope 2)
Scope 1 Emissions:201.08 tCO2e/year
Scope 2 Emissions:1772.16 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:11,060.15 GJ
Water Consumption:53,223.50 kilolitres
Waste Generated:Not disclosed
Carbon Intensity:0.25 tonnes of CO2 per rupee Cr. of turnover

ESG Focus Areas

  • Responsible Lending
  • Human rights practices
  • Environmental and Social Risk & Opportunity
  • Data Security
  • Regulatory & Legal Compliances

Environmental Achievements

  • 95% of transactions were done digitally during the Financial Year, reducing paper usage and carbon footprint.
  • Installation of energy-efficient products reducing energy consumption.
  • Initiated steps to provide provisions for solar power generation in new buildings under construction

Social Achievements

  • Percentage of women employees to the total staff stood at 45%.
  • Various investment activities in agriculture and animal husbandry are supported.
  • Financing to various farming activities helped to uplift the socioeconomic status of farming community.
  • The Bank received over 3,500 suggestions from employees for process improvement.

Governance Achievements

  • Implementation of an ESG policy integrating sustainable factors into operations, risk management, and investment decisions.
  • Adoption of a Code of Conduct for Board and Senior Managerial Personnel.
  • Implementation of a Whistle Blower Policy.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Cyber threats to banking system.
  • Risk of non-compliance with industry laws and regulations.
  • Lack of environment and social measures leading to increased cost and reduced resource efficiencies.
Mitigation Strategies
  • Cyber Crisis Management Plan (CCMP) in place for cyber threat mitigation.
  • Adoption of a Code of Conduct for Board and Senior Managerial Personnel.
  • Proactively identifying risks and implementing policies to reduce their impact.
  • Implementation of Environmental and Social Management System (ESMS) Policy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sourcing products from local suppliers at a fair price.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 27001, ISO 9001:2015

Third-party Assurance: CareEdge Advisory, Research and Training Limited

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • ASSOCHAM Best Pvt Sector Bank Award, Best CDO/CTO/CIO award, “Excellent use of AI and ML” award

Reporting Period: 2023-06 to 2024-03

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 Sustainability
  • Green Financing

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a Green Deposit Policy and Green Financing Framework aligned with RBI guidelines.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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: RBI guidelines

Certifications: Null

Third-party Assurance: CARE Analytics and Advisory Private Limited

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed