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Indusind Bank's Approach To IndusInd Bank’s approach to ESG December 7th, 2020 1 Good Ecology is Good For Business 2 Good Ecology …. GOVERNANCE Framework to oversee implementation of sustainable strategies, practices and policies Sustainable Responsible RESPONSIBLE BANKING Finance Banking Environmental & Social risk assessment incorporated in our lending practices SUSTAINABLE FINANCE ESG integration in our products . Key Elements SUSTAINABLE OPERATIONS Corporate of Social Governance Sustainability Health, safety and enviromental performance of our Responsibility & ESG operations & Sustainable procurement practices in Supply Chain HUMAN CAPITAL DEVELOPMENT Emphasis on employee diversity, development and engagement Human . Sustainable Capital Operations Development CORPORATE SOCIAL RESPONSIBILITY Contributing to local communities and promoting the well-being of society and natural surrounds at large. 3 Good Ecology Good ….. Is Good for Business Revenues Costs Productivity Investment • Livelihood Financing • Lower Carbon • Employee Motivation important business Footprint e.g. Solar via Engagement and • Long Term Funding driver ATMs, Thin Servers Purpose • New Business • Digital adoption • Client Experience • Greater Access to Models in Rural • (API, Cloud, ML, Journeys @ Mobile Capital India Robotics, etc.) driving preferences • Affirmative Green • Lower Funding • Community • Avoid environmental and Clean Tech Costs for engagement aids traps in lending Financing Sustainable Finance portfolio outcome • Attract more B2B, • Large % internal • Brand Building that • Good Governance B2C customers on employee referrals & supports franchise enables mandate for digital platforms large digital L&D build-out expanding business 4 Is Good for Business for Good Is ESG is a Strategic Choice 5 Governance CSR Board Level committee & Oversees the Bank’s Sustainability Vision & Strategy Sustainability Committee Sustainability Council Reviews the Sustainability Vision, Policies & Strategies Reviews Sustainability Performance & progress of ESG targets Management & Implementation of Strategies Sustainability Team Dedicated head of Sustainability to drive agenda Business and functional coordination Sustainability SPOCs Change agents and points of contact of BUs in implementing policies & strategies 6 Governance ESG Policies Workplace Health & Code of Conduct Safety Policy Whistle Blower Policy CSR Policy Sustainable Anti-Corruption, Anti- Procurement Policy Bribery Policy Human Rights, Diversity& Inclusion Environment Policy Policy Environment and Social Management System Policy Sustainability Policy 7 Policies Targets KPIs 2018 2021 Environmental Green and climate financing portfolio <1% of loans 5% of loans through distinctive lending themes GHG Emissions Intensity and Energy (E) GHG: (Scope 1&2): GHG (Scope1&2): Footprint 5.2 MTCO2/Cr. Rev 15% reduction to 4.4 MTCO2/Cr. Rev Participation in Green Indices A-Rank in CDP (Carbon Disclosure Project) Maintain A-Rank or higher in CDP Submit to DJSI with a score >70 Sustainable procurement practices in the Some vendors exhibit sustainability practices 80% of vendors have ESG policies in place supply chain Vendor sustainability assessments in place Social Women participation in workforce 19% Expand to 22% Social, Livelihood and Inclusive Financing ~40% of all loans 45% of all loans Portfolio Employee engagement score to aid Internal initiatives Employee engagement with external benchmarking motivation and productivity Participation in community and outreach Green Champions Program In Addition: Bank wide volunteering participation of 10hr/staff & E- activity Learning (on Sustainability) Governance ESG disclosure and Integrated Published but no external assurance Have external accredited agencies verify ESG / Integrated Reports & Reporting disclosures Formulation and Compliance to ESG Internal Disclosure External Disclosure of ESG Policies policies and CDP Programme Corporate Governance Score/ Rating Not participated Corporate governance score in a Leadership Category ESMS Lending Filters ESMS filters implemented Expand ESMS to cover all Corporate loans with external assurance 8 Accountability & Targets & Accountability Disclosures Current Practices Current Focus Areas Way Ahead 9 Disclosures A Few Achievements • For the 5th consecutive • 10 Years of Sustainability year, the Bank retained Reporting • IBL’s Percentile Ranking its top position in DJSI improved by 16 • Published First points, jumping to 80 as • Securing Band A- in the Externally Assured compared to previous CDP India Climate Integrated Report in year. Change Rising Stars 2018-19 Carbon Dow Jones Disclosure Integrated Sustainability Project Report Index 10 A Few Achievements Few A Alignment with Sustainable Development Goals Business Initiatives CSR Initiatives Business Initiatives CSR Initiatives • Livelihood financing • Solar ATMs • Schools on rooftop solar • Microfinance • Renewable energy • Enhancing access to education • Solar street lights • Rural Banking financing • Digitization • Stree Swabhimaan’ • Legal literacy, skilling and • Financial inclusion • Livelihood financing initiative rehabilitation programme for women • Rural banking • Midday Meal Programme • Improving health care access: mini • Financial inclusion • Enhancing access to • Lending in healthcare health clinics, sanitation and support • Lending in infrastructure education for cancer - affected children • Microfinance • IndusInd for Sports • Rural banking • Legal literacy, skilling and rehabilitation programme for women • Lending in education • Midday Meal Programme • Microfinance • Enhancing access to • Promoting digital literacy • Promoting digital literacy education • Rural banking • IndusInd for Sports • Enhancing access to education • Areas of special interest: • Equal opportunity employer • IndusInd for sports • Lending in affordable preserving heritage, arts • Microfinance • Legal literacy, skilling and housing and culture • Rural banking rehabilitation programs for women • Urban afforestation • Livelihood financing • Lending in infrastructure & • Water stewardship • Microfinance • Solid waste management housing • Rural banking 11 Alignment with SDGs with Alignment Examples of ESG @ Work 12 1. Sustainable Finance portfolio Portfolio Review Methodology Verification by Inclusion & Exclusion Criteria for each Sustainable Finance Sector Green & Climate Finance: Social, Livelihood & Inclusive Finance: Sectors: Clean Energy, Energy Establishing strategy to achieve Efficiency, Green Building, Sectors: Affordable Housing, targets Renewable Energy WaSH Agriculture, Education, Healthcare, Impact NBFC, Inclusive Finance, Social Infrastructure Monitoring progress and review of portfolio • FY 18 : 1.72% of Advances • FY 18 : 33.81% of Advances • FY 19 : 2.25% of Advances • FY 19 : 38.67% of Advances • FY 20* : 2.80% of Advances • FY 20 *: 37.80% of Advances * Third Party Verification WIP Finance Verification by a Third Party Our funding partners in Sustainable Finance • Multilateral Agencies • Domestic developmental financial institutions 13 Sustainable Sustainable 2. ESMS Policy The primary objective of IndusInd’s Environment and Social Management System (ESMS) is to mainstream environmental and social considerations into business activities, to safe guard our investments from credit and reputational risk. Managing the Impact of our Investments Align with external stakeholders Understanding the Environment & (Investors, Multilateral Agency lenders’ Social risks present in ourLorem lending Ipsum Lorem Ipsum requirements) portfolio . Screening proposals againstLorem ipsum dolor sit amet, nibh est. A magnaPromoting Lorem ipsum dolor sit amet, nibh est. A magna maecenas, quam magna nec quis, lorem nunc.. maecenas, quam magna nec quis, lorem nunc.. Exclusion list Environnent & Identifying proposals from the High Negative Impact Industries Social Principles Lorem Ipsum Encouraging borrowersLorem Ipsum to be more responsible Lorem ipsum dolor sit amet, nibh est. A magna and Lorem ipsum dolor sit amet, nibh est. A magna maecenas, quam magna nec quis, loremsustainable nunc.. – maecenas,create an quam magna nec quis, lorem nunc.. understanding of E&S risk associated with Promote Sustainable Banking by Building internal capabilities to their operations. adopting some internationally assess and mitigate EnvironmentLorem & Ipsum Lorem Ipsum recognized (multilateral) lending Social (E&S) risks Lorem ipsum dolor sit amet, nibh est. A magna Lorem ipsum dolor sit amet, nibh est. A standardsmagna maecenas, quam magna nec quis, lorem nunc.. maecenas, quam magna nec quis, lorem nunc.. Building Capabilities Practicing Sustainability 14 Responsible Banking Banking Responsible 3. Sustainability in Operations Implementation of ISO 14001 (Environment) & 45001 (Health & Safety) Standards Phase Locations Timeline Phase-I 8 office locations in Mumbai FY 2020-21 Phase I – work initiated Phase-II 37 office locations in all other cities FY 2021-22 Phase-III All branches PAN India FY 2022 to 24 Energy Savings Renewable Energy Generation Thin Clients connected to Solar ATMs & Offices Servers 258 MW 4,636 MW in FY 20 Vendor Management GHG Emission reduction 80% of vendors ESG compliant 30% reduction from 2017-18 Baseline levels 15 Sustainable Operations Sustainable 4. Employee Engagement Green Champions Program Excellence in Sports The Bank's sports initiatives have been conferred ‘Honourable Mention’ by Ministry of Corporate Launch of Green Champions Programme Affairs under their ‘Contribution to the National Priority Areas - Promotion
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