Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has released its first Sustainability Report for FY 2023-24, “U-SUSTAIN,” marking a significant milestone in its dedication to Environmental, Social, and Governance (ESG) standards. This report emphasizes the bank’s commitment to responsible banking, highlighting strategic achievements in climate risk management, sustainable resource use, and ethical business practices.
The report outlines Utkarsh SFBL’s focused approach across three core ESG areas. Environmentally, the bank has made strides in energy efficiency, waste management, and adopting green technologies. Socially, it prioritizes financial inclusion, community engagement, and employee diversity, while its governance policies ensure accountability and transparency.
Commenting on the release, Govind Singh, MD & CEO of Utkarsh SFBL, stated, “This report is a testament to our unwavering commitment to ESG principles. Sustainable banking is integral to our mission to create long-term value for stakeholders.”
In Shillong, Utkarsh SFBL’s focus on sustainability aligns with the region’s interest in eco-friendly and community-centered financial services. The bank’s green initiatives are expected to attract socially-conscious customers in Shillong, enhancing its role in sustainable development.
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