ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT | 2024-25
Being Responsible, Being Sustainable
About the Report
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.
Key Areas of ICICI Bank’s ESG Policy
| Responsible Financing | Environmental Sensitivity in Operations | Customer Stewardship |
| Employee Engagements | Societal Contribution | Corporate Governance |
| Cybersecurity and Data Privacy | Governance Framework | Stakeholder Engagement and Accountability |
Message from the Chairman
We shall continue to accelerate our efforts to drive sustainable, all-encompassing progress for our stakeholders.
Pradeep Kumar Sinha Chairman
Message from Executive Director
Sustainability and value creation have been integral to ICICI Bank’s business strategy, and our 70-year legacy is testament to this belief.
Sandeep Batra Executive Director
Highlights
10
Committees to provide necessary directions
Independence of the Board
Independent Directors constitute a majority on most committees and chair most committees
Performance Evaluation of the Board
The Bank has a formal evaluation framework for assessing the performance of the Board and its Committees
- Regular oversight through seven Committee meetings in the year
- Introduced digital tool for ESG data management, calculation of emissions, monitoring of targets and reporting
- Assessed potential impact of extreme natural disasters at the Bank's key primary and alternate locations
- Checklist used for capturing borrower-level data on ESG and climate was extended to 20 sectors from 16
- Developed sector-specific ESG risk assessment tool for lending proposals above a certain threshold
- Re-examined the key ESG-related material topics to identify priority areas considered important for stakeholders
Fair to Customer, Fair to Bank
One Bank, One Team
Return of Capital is Paramount
Agile Risk Management
Compliance with Conscience
~34%
of this is green financing portfolio
~55%
of green financing portfolio is for renewable energy and allied activities
Multiple levels of management oversight with ultimate responsibility lying with the Board of Directors
Dedicated Cybersecurity Incident Response Team (CSIRT) to respond to security incidents
Privacy Steering Committee to oversee data privacy related initiatives
Our journey towards becoming carbon neutral in Scope 1 and Scope 2 emissions by fiscal 2032 continues
- Purchased International Renewable Energy Certificates (IRECs) equivalent to 11,000 MWh
2.98
Solar generation
78.15
Through green tariff
11
Through IRECs
92.13
Total
(in million kWh)
29.7 million
Paper saved
2,203
Trees saved*
79%
pre-printed forms used at business centres are FSC- certified recycled paper
*One tonne of A4-size paper saves approximately 17 trees
187
IGBC-certified sites
5 million sq. ft.
Area covered
Installed Atmospheric Water Generators (AWGs) at five premises, with potential to generate 8,000 litres of clean drinking water per day
All numbers are at March 31, 2025
33.87 billion
Litres annual capacity created
9,690
Schools
17,453
Water bodies
1.2 million
In fiscal 2025
4.9 million
Since fiscal 2022
56
Forests and tiger reserves
across
19
States
3,006.5
In fiscal 2025
12,976.5
Since fiscal 2022
(in kW)
All numbers are at March 31, 2025
2.5
Healthcare initiatives
9.1
Livelihood missions
7.3
Societal Development interventions
18.9
(in million)
11 million
Since inception
Over 1 million
In fiscal 2025
10 million hours
In fiscal 2025
₹18 billion
Enhanced contribution to Tata Memorial Centre for cancer care
from which
₹5.50 billion
Allocated for setting up a child and blood cancer block in Visakhapatnam, Andhra Pradesh
550
Hospitals supported across India till March 31, 2025
400,000
Individuals supported for availing treatment in fiscal 2025
ICICI Bank’s Contribution to UNSDGs
The United Nation’s Sustainable Development Goals (UNSDGs) is an action-oriented framework encompassing economic, social and environmental aspects that aims to transform the lives and livelihood of people. India has endorsed the UNSDGs, implemented suitable policy frameworks and is adopting several initiatives to meet its commitments.
Stakeholder Engagement and Materiality Assessment
The Bank’s priorities relating to ESG are guided by the core principle of “Being Responsible, Being Sustainable”. Materiality assessment is an important step to recognise and prioritise the ESG topics, most relevant to the Bank’s business and its stakeholders.
