स्थायी वित्त

Sustainable finance refers to financial activities that consider Environmental, Social, and Governance (ESG) factors, aiming to support projects that foster long-term sustainability and positive societal impact.

Sustainable finance supports a greener and fairer future by funding projects that focus on environmental, social, and governance factors. It drives long-term growth, mitigates risks, and helps create positive impact in society.

Sustainable finance can support to enhance your business's reputation, attract environmentally conscious customers & ethical investors, reduce operational costs through energy efficiency, support long-term growth through responsible practices and provide access to new markets focused on sustainability.

Sustainable finance is crucial for addressing climate change, fostering social equity and supporting long-term economic growth while promoting environmental and societal well-being.

Sustainable finance projects typically qualify under several categories, including renewable energy (such as solar, wind, hydropower, etc.), energy efficiency improvements and sustainable infrastructure. Additionally, projects addressing social objectives like affordable housing, healthcare, education and support for underserved communities and gender inclusion also qualify for sustainable financing amongst others.

To apply for sustainable finance solutions, businesses need to submit a project proposal outlining the project's sustainability benefits along with required documentation to the bank's designated CFS branch.

Required documents generally include a detailed project proposal, financial statements, environmental impact assessments and relevant certifications related to sustainability aspect of the businesses/projects.

The Bank promotes eco-friendly energy solutions through financing the projects related to renewable energy, energy efficiency among others. Initiatives like the bob Green Hydrogen Financing Scheme, extension of support for green lending for the eligible sectors as per its Green Financing Framework, and offers products designed to support sustainable development and climate action efforts.