Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has released its first Sustainability Report for the financial year 2023-24, underscoring the bank’s dedication to Environmental, Social, and Governance (ESG) principles. Titled “U-SUSTAIN,” the report outlines Utkarsh SFBL’s strides toward sustainable banking through targeted initiatives in environmental protection, social impact, and strong governance practices.
The report highlights Utkarsh SFBL’s focus on climate risk management, sustainable resource consumption, and green technology adoption. Key environmental initiatives include advancements in energy efficiency and waste management. Socially, the bank has made notable contributions to financial inclusion, community engagement, and employee diversity. Governance efforts emphasize transparency, accountability, and ethical practices, essential to fostering stakeholder trust.
CEO Govind Singh remarked, “Our first Sustainability Report showcases our commitment to ESG principles and our mission to build a resilient, inclusive financial ecosystem. We are devoted to long-term value creation while tackling urgent environmental and social challenges.” For Guwahati, Utkarsh SFBL’s ESG focus aligns with growing regional demands for eco-friendly and community-centered financial practices. This report is expected to enhance the bank’s engagement with eco-conscious customers in the Northeast, contributing to a sustainable economic model.
