23-04-2025
Bank of Baroda unveils environment, social, governance policy
Bank of Baroda marked Earth Day 2025 on Tuesday by unveiling its environment, social, and governance (ESG) policy and its aspiration to achieve net zero emissions by 2057.
In line with the theme for Earth Day 2025, 'our power our planet', that highlights the importance of renewable sources of energy, the bank will prioritise financing for renewable energy. In its efforts to contribute towards a greener planet, the bank has also planted over 30,000 trees in CY 2025 till date on behalf of its customers for every auto and home loan disbursed under its 'plant a tree' programme.
Debadatta Chand, managing director and CEO of the bank, said on the occasion: 'The unveiling of our ESG policy and our net zero commitment is a reflection of the importance that the bank places on being a responsible corporate citizen – through contributing meaningfully to the environment, promoting social well-being, and maintaining the highest standards of governance. Our goal is to embed ESG practices into the core of our strategy and operations.'
The bank has introduced a range of sustainable finance products such as green deposits, residential rooftop solar loan scheme, and the green hydrogen financing scheme.
On Earth Day, the bank launched a dedicated 'BOB Earth' web space to showcase its sustainability initiatives and is undertaking a 'green financing' training and capacity building workshop to create awareness amongst employees, a release by the bank said.
