Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Financial Inclusion

Social Achievements

• Financial inclusion initiatives reaching 549 villages of 108 Gram Panchayats through branch banking.
• Contributions to society through Corporate Social Responsibility (CSR) programs.

Governance Achievements

• Adherence to norms prescribed under Banking Regulation Act, 1949; Section 10A of the Banking Regulation Act, 1949, Section 149 of the Companies Act, 2013 and SEBI LODR.
• Constitution of the Board of Directors conforming to regulatory provisions.
• Formation of sub-committees to leverage director expertise.

Climate Goals & Targets

Environmental Challenges

• Adapting to technological advancements in the banking industry.
• Aligning reporting standards with the IIRC framework while adhering to Indian regulatory standards.

Mitigation Strategies

• Initiatives to adapt to changing scenarios and meet stakeholder expectations.
• Development of a Transformation Plan to assess suitable technologies and processes.
• Phased alignment of reporting/disclosure standards with the IIRC model.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC Framework

Environmental Metrics

ESG Focus Areas

• Education
• Healthcare
• Rural Development
• Environmental Sustainability
• Protection of Heritage/Culture
• Swachh Bharath
• Empowering women/socially & economically disadvantaged

Environmental Achievements

• Financial assistance for installing solar energy units in various locations (schools, temples, colleges etc.)
• Financial assistance for rejuvenation of lakes and ponds
• Planting saplings along NH66
• Installation of rainwater harvesting units
• Financial assistance for waste management initiatives (plastic bailing machines)

Social Achievements

• Financial assistance for education (schools, colleges, higher education)
• Financial assistance for healthcare (hospitals, medical camps, ambulances)
• Financial assistance for rural development (infrastructure, community halls)
• Support for differently-abled children
• Empowerment of women through skill development programs
• Support for orphanages and child care centers
• Support for armed forces veterans and their dependents

Governance Achievements

• Not disclosed

Climate Goals & Targets

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: 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

Environmental Metrics

ESG Focus Areas

• Climate change
• Wider ESG factors
• Financial Inclusion
• Community Investment
• Employee well-being
• Data Security
• Customer Privacy

Environmental Achievements

• Approved Financial Outlay for CSR in FY2023: `12.13 cr.
• Credit facilities extended to Renewable Energy Sector: `290 cr.
• Installation of solar panels at Corporate Office and several Regional Offices
• CSR initiatives catalysed the adoption of solar energy across educational institutions, places of worship, and rural villages
• Initiating measurment of GHG emissions
• Responsible paper consumption
• Minimized plastic use
• Eco-friendly procurement practices

Social Achievements

• Loans to women beneficiaries as on 31.03.2023: `173.76 cr
• Loans disbursed to Agricultural Sector as on 31.03.2023: `11,305 cr (up by 7.93% YoY)
• Loans disbursed to MSME as on 31.03.2023: `15,247.08 cr (24.87% of Total Advances)
• 1,812 CSR Projects Supported so far
• 30.56 % of our total workforce are women
• 72.63 % of total staff strength trained in FY2023
• 418 branches in Rural/Semi Urban Centres
• KBL WhatsApp Banking Service launched
• UPI Mapper implemented in BHIM KBL UPI application
• KBL-NxT digital drive launched

Governance Achievements

• Established internal ESG Committee
• Robust compliance program established, including RegTech solutions
• Stringent due diligence practices for lending
• Comprehensive data protection strategies, staff education, and direct communication about customer rights
• Regular cybersecurity audits and comprehensive employee training

Climate Goals & Targets

Environmental Challenges

• Digital Disruption and Cybersecurity Challenges
• Operational Risk Management
• Regulatory Compliance Assurance
• Credit Risk and Asset Quality Focus
• Embracing Sustainability Imperatives

Mitigation Strategies

• Enhancing cybersecurity with cutting-edge technologies, regular audits, and employee training
• Streamlining operations and enhancing efficiency
• Establishing a robust compliance program with RegTech solutions
• Improving credit appraisal systems and following stringent due diligence practices
• Adopting advanced technologies to strengthen cybersecurity measures

Supply Chain Management

Responsible Procurement

• Eco-friendly procurement practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC guidelines, Global Reporting Initiative Standards’ core option, TCFD

Certifications: ISO 9001:2015 (Risk Management Department), ISO 27001:2013 (ISMS)

UN Sustainable Development Goals

• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 15
• 17

Our environmental and social financing spans all sectors, bringing about positive societal and environmental changes through financing healthcare systems, educational institutions, affordable housing projects, and green infrastructure projects.

Sustainable Products & Innovation

• Green financing initiatives
• Support for electric vehicles

Awards & Recognition

• ASSOCHAM Excellence Award – Runner up in category Lending
• Three CII Digital Transformation Awards
• ‘Award of Par Excellence’ in APY
• ‘Best Technology Talent-Runner Up’ award at the 18th IBA annual Technology Conference
• ‘Prathista Puraskar’ under ‘Digidhan Awards 2021-22’
• Three CIMSME MSME Banking Excellence Awards