Federal Bank disburses the largest amount of climate loans.
Mumbai, 8th February 2023:Federal Bank was awarded the Certificate
of Achievement by the International
Finance Corporation (IFC), a World Bank Groupin recognition of Climate Financing
Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of
climate loans disbursed. The award was handed over by Joon Y Park, Regional
Portfolio Manager FIG, South Asia at IFC to Ashutosh Khajuria, Executive
Director, Federal Bank.
This recognition highlights the Bank’s
commitment to promoting sustainable development and mitigating the impacts of
climate change through innovative and impactful financing solutions.
On receiving the prestigious award,
Ashutosh Khajuria, Executive Director, Federal Bank said – “We believe that climate financing is a
critical tool in the fight against global warming, and we will continue to lead
the way in this important field. This award inspires us to redouble our efforts
and pursue new, even more, impactful initiatives that make a difference in the
world.”
The Bank has consciously incorporated the
value of ESG and its importance in its daily operational activities for a
sustainable tomorrow.
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