Executive Summary

This whitepaper provides a comprehensive analysis of the potentialof Environmental, Social, and Governance (ESG) considerations in theBanking, Financial Services, and Insurance (BFSI) industry in India.

The following document is a consolidation of the awareness,opportunities, risks, regulatory requirements , current practices,future prospects with respect to ESG management in the Indian BFSIindustry.

Key Insights:

• Increased investor focus and regulatory compliance are amongthe key drivers for BFSI companies to adopt ESG integration intotheir businesses.
• Reducing financed emissions, climate change risk mitigation andembedding ESG requirements into core banking processes emergeas the main trends in the industry.
• Sustainable financing through green bonds, green deposits andESG mutual funds are the future of responsible banking.

The Indian BFSI industry is at a crucial juncture, with immensepotential to be ESG compliant. By incorporating ESG considerationsinto their core operations, banks can proactively manage climaterisks, drive sustainable finance initiatives, and contribute to India'stransition to a low-carbon economy.

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