STOCKWATCH

HDFC Bank Ltd Receives ESG Rating of '70' for FY 2024

HDFC Bank Ltd has been assigned an ESG rating of '70' for the financial year 2024 by NSE Sustainability Ratings & Analytics Ltd. The rating is based on the bank's performance in environmental stewardship, social impact, and governance. The bank has not engaged NSE Sustainability Ratings & Analytics Ltd, and the report is independently prepared by them based on information available in the public domain.

• HDFC Bank Ltd received an ESG rating of '70' for FY 2024 from NSE Sustainability Ratings & Analytics Ltd.
• The rating is based on the bank's performance in environmental stewardship, social impact, and governance.
• The bank performs well in managing its GHG emissions and water resources, but moderately in terms of energy utilization.
• The bank demonstrates adequate performance in health and safety measures, promotes a diverse and inclusive workforce, and fulfils customer safety and satisfaction standards moderately.
• HDFC Bank Ltd exemplifies robust governance practices through its well-organized board structure and fair risk management system.