Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has proudly released its inaugural Sustainability Report for FY 2023-24, titled “U-SUSTAIN,” marking a key step in the bank’s commitment to Environmental, Social, and Governance (ESG) practices. The report details strategic efforts in climate risk management, energy efficiency, waste reduction, and community-focused initiatives, demonstrating Utkarsh SFBL’s dedication to sustainable banking.
In the report, the bank highlights achievements across three ESG pillars: environmental initiatives, social impact, and robust governance. Environmentally, Utkarsh SFBL has implemented green technologies and efficient resource management. Social efforts include boosting financial inclusion and promoting diversity. Governance-wise, the bank ensures transparency and accountability through a strong ethical framework.
Mr. Govind Singh, MD & CEO, stated, “Our first Sustainability Report reflects Utkarsh SFBL’s ongoing commitment to responsible banking. We are dedicated to creating long-term value for our stakeholders by addressing critical environmental and social challenges.” The bank’s focus on sustainability is likely to attract eco-conscious consumers who prioritize green financial practices. Utkarsh SFBL’s initiatives align well with the regional demand for responsible and community-oriented banking, positioning it as a leader in sustainable finance.