About the Report

Driving Sustainability Through Strategy: Our ESG Journey

ICICI Bank has embedded sustainability into its core business strategy and operations. Aligned with its commitment to drive sustainable development, the Bank has established a robust Environmental, Social and Governance (ESG) structure. A clearly defined ESG Policy, approved by the Board of Directors, is also in place to guide its ESG efforts and initiatives.

The Bank maintains strong oversight on its ESG Policy through the Risk Committee of the Board. The Committee is also responsible for reviewing the Bank’s ESG-related action plan and overseeing periodic assessments of external reporting and stakeholder feedback on ESG activities.

Key Areas of ICICI Bank’s ESG Policy

These core focus areas reflect the ethos of responsibility that has guided the Bank’s journey of 70 years. In recent years, this ethos has become more deeply embedded in strategy and operations. Our growing focus on sustainability manifests our commitment to responsible growth and now stands as an important pillar of our ESG strategy.

At ICICI Bank, our ESG philosophy is embedded in a well-defined framework that drives sustainable business practices across the organisation. Through our ESG philosophy, we integrate responsible corporate citizenship into our business, with the objective of creating a sustained positive impact on the environment and society. Our ESG framework, which factors in with the United Nations Sustainable Development Goals (UNSDGs), guides us in fostering environmentally responsible operations while promoting inclusive growth.

As a responsible corporate citizen, we are committed to ethical and transparent business conduct and uphold high standards of corporate governance. Driven by our vision to transform the lives of underprivileged communities through livelihood promotion, we implement focussed programmes across rural and urban India.

Progress in Fiscal 2025

In fiscal 2025, we made sustained progress on all the key metrics of ESG through various targeted programmes. It was a year of further reinforcing our governance systems— an important pillar of sustainable growth. Our efforts were aligned with our strong commitment to promoting transparency, accountability and ethics in our relationships with all our stakeholders.

We made strategic investments to strengthen our ESG-related data monitoring and reporting systems, which support our long-term business resilience. We also made significant strides in our journey toward carbon neutrality for Scope 1 and Scope 2 emissions by fiscal 2032. Key steps included accelerating renewable energy adoption, and—for the first time purchasing International Renewable Energy Certificates (IRECs). We expanded solar installations and deepened commitment to habitat and wildlife conservation through continued initiatives in India’s reserved forests.

On the social front, our outreach focussed on education, skill development, livelihood generation and healthcare infrastructure. We intensified our work in creating sustainable village ecosystems, with a special focus on empowerment of tribals and local people in remote and fringe villages. Across all these efforts, our endeavour remained on fostering continuous engagement and progress among employees, customers, and communities.