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ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)
Being Responsible,
Being Sustainable
ESG is integral to our journey towards building responsible and sustainable business practices. The Board-approved Environmental, Social and Governance (ESG) Policy reflects the core values and focus that drive our efforts.
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Our Vision
To be the trusted financial service provider of choice for our customers, thereby creating sustainable value for our stakeholders.
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Our ESG Philosophy
To adopt sustainable business practices that ensure the long-term success of the organisation and have a positive impact on the environment and society.
ESG initiatives: highlights as at March 31, 2024
Target to become
carbon neutral in scope 1 and scope 2 emissions by fiscal 2032
35%of total energy
consumption from renewable sources
32%area of
Bank is Indian Green Building Council certified
₹194billion
outstanding green financing portfolio
27.5million
A-4 sized paper saved in fiscal 2024
18offices
ISO 45001:2018 certified for occupational health and safety
15.7%reduction
in Bank’s total Scope 1 and 2 emissions
₹5.19billion
for CSR activities in FY2024
25.8billion litres
of cumulative water harvesting potential created through CSR
3.7million trees
planted as part of CSR initiatives
10.5million rural
women amongst Self-Helf Groups received credit facilities
Contributing to UN Sustainable Development Goals
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Skill development for livelihood, value chain development, enabling financial inclusion in unbanked rural areas and lending women through Self-Help Groups
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Supporting sustainable agriculture practices, rainwater harvesting and watershed development, livelihood and value chain development projects and financial inclusion
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Support to strengthen health infrastructure, treatment of the underprivileged, biodiversity and emission reduction projects like burning paddy straw
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Livelihood and value chain development, vocational training and financial literacy
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Support to underprivileged women through self-help groups, skill training for livelihoods and employee policies and practices emphasising equality in opportunities
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Water conservation and management in own operations, social rainwater harvesting and watershed development projects and construction of toilets
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Focus on increasing adoption of renewable energy, green workspaces, lending to renewable energy sector projects and a roadmap to reduce energy intensity per employee
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ICICI Academy for Skills Programme supports women through self-help groups, employee policies and practices and maintaining strong corporate governance
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The Bank has adopted a structured approach to develop green workspaces and foster digital innovations with rich features and functionalities for customers
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Responsible business practices, ensuring an inclusive workplace driven by equal opportunities for all and maintaining strong corporate governance
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Sustainable Cities and Communities, (on hovering it should not flip, keep it in disable state)
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Environmental sensitivity in own operations such as reducing energy consumption, minimising waste and protecting natural resources
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Address risks emanating from climate change, fostering use of solar energy in rural schools, conservation of forests, afforestation and climate smart agriculture
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Life Below Water on hovering it should not flip, keep it in disable state
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Projects in the areas of water conservation, forest conservation and afforestation and protecting biodiversity
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Promote a culture of accountability, transparency, ethical conduct and maintain the highest standards of governance while conducting our business
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Partnerships on hovering it should not flip, keep it in disable state
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Environmental Sustainability in own operations
It is our constant endeavour to minimise the environmental impact of our operations. We have actively pursued opportunities to adopt new technologies and energy-efficient practices in our operations to reduce emissions.
Fostering empowerment
We have a long-standing commitment towards promoting inclusive social and economic development. Our social efforts are driven by the vision to create a positive impacted through projects with a widespread reach and are responsive to local developmental needs and urgencies. Through the Bank’s philanthropic arm, the ICICI Foundation for Inclusive Growth, a meaningful socio-economic change has been our endeavour.
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Watch how ICICI Bank has created positive impact on the environment and society