ESAF SFB ESG Score Upgraded to 77.6 by CareEdge
ESAF Small Finance Bank Ltd has announced an upgrade in its Environmental, Social, and Governance (ESG) score by CareEdge ESG Ratings Limited. Following an annual review, the bank's score has been elevated from 75.4 to 77.6, while maintaining its "CareEdge-ESG 1" rating. The upgrade highlights ESAF SFB's leadership in managing ESG risks through robust disclosures, policies, and performance, particularly in workforce diversity, financial inclusion, and sustainability initiatives. The rating also acknowledges the bank's commitment to social upliftment through CSR fund allocation, strong governance practices, comprehensive regulatory compliance, and a secure cybersecurity framework. ESAF SFB is also progressing on its climate risk management journey.
Key Highlights
- ESG score improved from 75.4 to 77.6.
- Maintained "CareEdge-ESG 1" rating.
- Recognized for leadership in workforce diversity and financial inclusion.
- Strong governance, regulatory compliance, and cybersecurity noted.
- Actively progressing climate risk management framework.
Price Impact
More from ESAFSFB