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IndusInd Bank to reduce carbon emissions to 50% in next four years

07 Jun 2021 Evaluate

IndusInd Bank is planning to reduce carbon emissions to 50 percent in the next four years and raise climate financing to 3.5 percent in two years. The bank will be increasing the allocation of capital towards climate finance to 3.5 percent of its loan book over the next two years, which is currently at 2.7 percent. The bank is also supporting a tree plantation drive under which 50,000 trees will be planted in cities with high pollution indexes.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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