{"id":388,"date":"2024-12-10T08:07:00","date_gmt":"2024-12-10T08:07:00","guid":{"rendered":"https:\/\/moneymita.com\/?p=388"},"modified":"2026-08-07T02:03:28","modified_gmt":"2026-08-06T20:33:28","slug":"unicef-indusind-pcaf-pnb-climate-drives","status":"publish","type":"post","link":"https:\/\/moneymita.com\/?p=388","title":{"rendered":"UNICEF-IndusInd AND PCAF-PNB CLIMATE DRIVES"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 ez-toc-wrap-left-text counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymita.com\/?p=388\/#UNICEF-IndusInd_Banks_Partnership_To_Boost_Climate_Resilience_And_PNB_Strengthens_Climate_Action_As_A_PCAF_Signatory\" >UNICEF-IndusInd Bank&#8217;s Partnership To Boost Climate Resilience And PNB Strengthens Climate Action As A PCAF Signatory<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymita.com\/?p=388\/#UNICEF_And_IndusInd_Bank_Join_Forces_To_Enhance_Climate_Resilience_And_Risk_Management\" >UNICEF And IndusInd Bank Join Forces To Enhance Climate Resilience And Risk Management<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymita.com\/?p=388\/#UNICEF_IndusInd_Bank_A_Collaborative_Vision_For_Climate_Resilience\" >UNICEF &amp; IndusInd Bank: A Collaborative Vision For Climate Resilience<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymita.com\/?p=388\/#PNB_Strengthens_Climate_Action_As_A_PCAF_Signatory\" >PNB Strengthens Climate Action As A PCAF Signatory<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymita.com\/?p=388\/#PNBs_First_BRSR_Core_Report_For_FY_2023-24\" >PNB\u2019s First BRSR Core Report For FY 2023-24<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymita.com\/?p=388\/#PNBs_Initiatives_To_Minimise_GHG_Emissions\" >PNB\u2019s Initiatives To Minimise GHG Emissions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymita.com\/?p=388\/#Why_PCAF_Focuses_On_GHG_Emission_Assessment_And_Disclosure\" >Why PCAF Focuses On GHG Emission Assessment And Disclosure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymita.com\/?p=388\/#Frequently_Asked_Questions_FAQ\" >Frequently Asked Questions (FAQ)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UNICEF-IndusInd_Banks_Partnership_To_Boost_Climate_Resilience_And_PNB_Strengthens_Climate_Action_As_A_PCAF_Signatory\"><\/span>UNICEF-IndusInd Bank&#8217;s Partnership To Boost Climate Resilience And PNB Strengthens Climate Action As A PCAF Signatory<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Climate risk<\/strong> refers to the potential adverse impacts of climate change, including extreme weather events, long-term changes in temperature, precipitation patterns, rising sea levels, and their cascading effects on ecosystems, infrastructure, and communities. It is typically categorised into :<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1 .<\/strong> <strong>Physical Risks<\/strong> :- <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Acute: Sudden events like hurricanes, floods, heatwaves, or wildfires.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chronic: Gradual changes such as rising temperatures, sea-level rise, or desertification.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2 .<\/strong> <strong>Transition Risks<\/strong> :- <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As society moves from a high-carbon (fossil fuel-dependent) economy to a low-carbon, sustainable economy, challenges and potential negative impacts arise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The article is going to cover about climate drives taken by two(2) leading banks in India.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IndusInd Bank in partnership with UNICEF is taking various measures to address climate risk due to varied types of environmental changes and bringing climate resilience in disaster-stricken areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Punjab National Bank(PNB) adopts a global standard to assess Greenhouse Gas Emissions(GHG) associated with its financial portfolios and disclose them in its annual report. This practice has become possible by joining a global community called PCAF &#8211; Partnership For Carbon Accounting Financials.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UNICEF_And_IndusInd_Bank_Join_Forces_To_Enhance_Climate_Resilience_And_Risk_Management\"><\/span>UNICEF And IndusInd Bank Join Forces To Enhance Climate Resilience And Risk Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">IndusInd Bank, in partnership with UNICEF, is working to establish a climate risk-informed administrative system to support disaster-resilient communities. This project forms a key component of the Bank\u2019s signature <strong>CSR initiative,<\/strong> the Integrated Rural Development Program, focused on high-priority districts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">Program Scope<\/span>:-<\/strong> The program focuses on enhancing government policies in <strong>five (5) districts<\/strong> to address post-natural calamities like droughts, floods, storms, and heatwaves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The five (5) districts and their respective states are as below<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>BAHRAICH<\/strong> in Uttar Pradesh<\/li>\n\n\n\n<li><strong>BARAN<\/strong> in Rajasthan<\/li>\n\n\n\n<li><strong>BEGUSARAI<\/strong> in Bihar<\/li>\n\n\n\n<li><strong>DHARASHIV<\/strong> in Maharashtra<\/li>\n\n\n\n<li><strong>VIRUDHUNAGAR<\/strong> in Tamil Nadu<\/li>\n<\/ol>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-c68e1baf08a96c49b092f973c0841672 wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">KEY FEATURES<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Development of real-time monitoring systems.<\/li>\n\n\n\n<li>Implementation of early warning mechanisms.<\/li>\n\n\n\n<li>Advisory services to address climate-related challenges.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This collaborative effort aims to mitigate climate risks and enhance disaster preparedness in vulnerable regions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UNICEF_IndusInd_Bank_A_Collaborative_Vision_For_Climate_Resilience\"><\/span>UNICEF &amp; IndusInd Bank: A Collaborative Vision For Climate Resilience<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IndusInd Bank&#8217;s Perspective<\/strong><br>Mr. Srinivas Bonam, Head of Inclusive Banking Group at IndusInd Bank, emphasizes the Bank\u2019s commitment to address social challenges beyond its core operations. The partnership with UNICEF aims to safeguard vulnerable communities from climate-induced disasters through advanced technological tools and disaster management programs, ensuring greater stability in their lives.<br><strong>UNICEF&#8217;s Mission<\/strong><br>Mr. Arjun De Wagt, Deputy Representative for Programmes at UNICEF India, highlights the goal of strengthening disaster resilience in rural areas. UNICEF seeks to empower local governments, including panchayats, to implement sustainable climate solutions, ensuring a safer future for children and communities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">COHESIVE TEAM MEMBERS<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>CSR Trust:<\/strong> India\u2019s CSR Trust for SDGs manages and monitors the program comprehensively.<\/li>\n\n\n\n<li><strong>IIT Gandhinagar<\/strong>: Develops software with pre-alert mechanisms and efficient monitoring systems.<\/li>\n\n\n\n<li><strong>Gorakhpur Environment Action Group (GEAG)<\/strong>: Focuses on capacity building and training for local officials.<\/li>\n\n\n\n<li><strong>Mission Samriddhi<\/strong>: Promotes stakeholder collaboration and knowledge sharing.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Together, this coalition works to create a robust framework for climate resilience and disaster preparedness.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-ee0d9ed37647d898ef6babcb4d325de2 wp-block-paragraph\"><strong>SOURCE:-<\/strong> <a href=\"https:\/\/www.indusind.com\/in\/en\/about-us\/mediabrand\/FY\/2024-2025\/November\/IndusInd-Bank-and-UNICEF-collaborate-to-strengthen-climate-risk-Management-and-Community-Resilience.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.indusind.com\/in\/en\/about-us\/mediabrand\/FY\/2024-2025\/November\/IndusInd-Bank-and-UNICEF-collaborate-to-strengthen-climate-risk-Management-and-Community-Resilience.html<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-e110e2dc5707751ae67e17973f9048a0\"><span class=\"ez-toc-section\" id=\"PNB_Strengthens_Climate_Action_As_A_PCAF_Signatory\"><\/span>PNB Strengthens Climate Action As A PCAF Signatory<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Punjab National Bank (PNB) reinforces its environmental commitment by adopting globally recognized standards to measure and disclose greenhouse gas (GHG) emissions linked to its lending and investment activities. As a member of the Partnership for Carbon Accounting Financials (PCAF), PNB joins a global network of financial institutions dedicated to addressing climate change through advanced GHG accounting practices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key Advantages of PCAF Membership<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global Network Access<\/strong>: Collaboration with international financial institutions focused on robust GHG accounting.<\/li>\n\n\n\n<li><strong>Technical Support<\/strong>: Access to specialized training, India-specific emissions data, and global insights.<\/li>\n\n\n\n<li><strong>Knowledge Exchange<\/strong>: Participation in working groups, workshops, and webinars to refine GHG standards and share expertise with peers.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Through this partnership, PNB aims to enhance transparency, strengthen climate strategies, and contribute to global efforts against climate change.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PNB Aligns with Global and National Climate Disclosure Standards<\/strong><br>Punjab National Bank (PNB) has joined the Partnership for Carbon Accounting Financials (PCAF), a global standard for measuring and disclosing greenhouse gas (GHG) emissions. This move aligns with the <strong>Reserve Bank of India<\/strong>\u2019s (RBI) draft guidelines and <strong>SEBI<\/strong>\u2019s updated regulations, reinforcing PNB\u2019s commitment to sustainability and climate risk management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>RBI\u2019s Climate Risk Reporting Mandate<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banks must disclose governance, strategy, and risk management related to climate risks by FY 2025-26.<\/li>\n\n\n\n<li>Metrics and targets for climate risks and opportunities must be reported from FY 2027-28.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SEBI\u2019s Business Responsibility And Sustainability Report (BRSR)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SEBI requires listed companies based on their market capitalisations, to include the BRSR in their Annual Reports starting FY 2023-24.<\/li>\n\n\n\n<li>The BRSR Core includes key performance indicators (KPIs) across nine (9) ESG&nbsp;[Environmental, Social Governance] attributes for the value chain.<\/li>\n\n\n\n<li>Disclosure formats for BRSR and BRSR Core are detailed in SEBI\u2019s master circulars.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">PNB\u2019s adoption of PCAF standards and compliance with RBI and SEBI frameworks underscores its proactive approach to climate risk transparency and sustainable growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PNBs_First_BRSR_Core_Report_For_FY_2023-24\"><\/span>PNB\u2019s First BRSR Core Report For FY 2023-24<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In FY 2023-24, Punjab National Bank (PNB) disclosed its financial emissions in its Business Responsibility And Sustainability Report (BRSR), adhering to globally recognized PCAF standards.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>PARAMETER<\/strong><\/td><td><strong>UNIT<\/strong><\/td><td><strong>FINANCIAL YEAR &#8211; 2023 &#8211; 2024<\/strong><\/td><td><strong>FINANCIAL YEAR &#8211; 2022 &#8211; 2023<\/strong><\/td><\/tr><tr><td>Total Scope 1 Emission<\/td><td><br>Metric Tonnes of CO\u2082 Equivalent<\/td><td><br>8 , 4 9 4<\/td><td><br>7 , 8 6 6<\/td><\/tr><tr><td>Total Scope 2 Emission<\/td><td><br>Metric Tonnes of CO\u2082 Equivalent<\/td><td>1 , 9 7 , 0 8 9<\/td><td>2 , 0 8 , 8 6 0<\/td><\/tr><tr><td>Scope 1 &amp; 2 Emission Intensity per Turnover<\/td><td>Total (Scope 1 + 2) Emissions \/ Revenue<\/td><td>1 . 7 1<\/td><td>2 . 2 3<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong>EMISSION DATA HIGHLIGHTS<\/strong> &#8211; \ud83c\udf10<strong>https:\/\/www.moneymita.com<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">Key Observations<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduction in Scope 2 Emissions:<\/strong> A notable decrease in emissions from indirect energy sources compared to the previous year.<\/li>\n\n\n\n<li><strong>Increase in Scope 1 Emissions:<\/strong> Slight rise in emissions from direct energy sources.<\/li>\n\n\n\n<li><strong>Improved Emission Intensity:<\/strong> A lower &#8220;<strong><em>Emission-To-Turnover<\/em><\/strong>&#8221; ratio indicates progress in environmental impact reduction.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Although there is no standard benchmark for this ratio, achieving a lower value aligns with India\u2019s commitment to net-zero emissions by 2070.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PNBs_Initiatives_To_Minimise_GHG_Emissions\"><\/span>PNB\u2019s Initiatives To Minimise GHG Emissions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Punjab National Bank (PNB) has implemented several measures to reduce its greenhouse gas (GHG) emissions, focusing on energy efficiency, sustainability, and waste reduction. Let&#8217;s discuss few of them as below.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Tree Plantation Drive (PNB Palaash):<\/strong> Over 1.10 lakh trees were planted to enhance green cover.<\/li>\n\n\n\n<li><strong>Energy-Efficient Equipment:<\/strong> Installation of five-star-rated air conditioners and electrical devices in offices and branches.<\/li>\n\n\n\n<li><strong>Occupancy Sensor Lights:<\/strong> Deployed in administrative buildings to conserve energy.<\/li>\n\n\n\n<li><strong>Solar Heaters:<\/strong> Used at the Head Office for sustainable energy solutions.<\/li>\n\n\n\n<li><strong>Cycling Stands: <\/strong>Encourages eco-friendly commuting to reduce vehicle emissions.<\/li>\n\n\n\n<li><strong>LED Fixtures:<\/strong> Energy-efficient lighting implemented across bank premises.<\/li>\n\n\n\n<li><strong>Hand Dryers:<\/strong> Introduced in washrooms to minimise paper napkin usage.<\/li>\n\n\n\n<li><strong>Plastic Waste Recycling:<\/strong> Promotes sustainable waste management.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_PCAF_Focuses_On_GHG_Emission_Assessment_And_Disclosure\"><\/span>Why PCAF Focuses On GHG Emission Assessment And Disclosure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Background of PCAF<\/em><\/strong><br>The Partnership for Carbon Accounting Financials (PCAF) is a global partnership of financial institutions established in 2015 by Dutch financial institutions under the leadership of ASN Bank during the Paris Climate Summit. It provides a standardized framework for assessing and disclosing GHG emissions associated with financial portfolios, promoting transparency and accountability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Purpose Of PCAF<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Address the financial sector\u2019s critical role in driving the transition to a net-zero carbon economy.<\/li>\n\n\n\n<li>Facilitate the adoption of harmonized GHG accounting practices across institutions and is set to collaborate with banks and investors worldwide and commit to assess and disclose the GHG emissions associated with the portfolio.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PCAF&#8217;s Objectives And Goals<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Develop A Global Standard:<\/strong> To establish a common GHG Accounting Standard for financial institutions worldwide.<\/li>\n\n\n\n<li><strong>Expand Membership:<\/strong> Aim to include over a thousand (1,000) financial institutions by 2025.<\/li>\n\n\n\n<li><strong>Achieve Net Zero:<\/strong> Support decarbonization efforts to meet the Paris Agreement&#8217;s 2050 Net Zero Emission goal.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PCAF\u2019s Strategy<\/strong><br>As a nonprofit organisation, PCAF collaborates with banks and investors globally, offering methodologies and resources to help assess and disclose GHG emissions tied to loans and investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">EXAMPLE<\/span><\/strong><br>Imagine bank funds by way of granting loans for two projects of big corporate houses :<br>1 . A coal-powered energy plant (high GHG emissions).<br>2 . A wind energy project (low GHG emissions).<br>Without measuring GHG emissions, the bank wouldn\u2019t know the environmental impact of its funding decisions. By joining PCAF, the bank can calculate the emissions linked to each project, disclose them publicly, and prioritize financing for renewable energy projects, aligning its actions with net-zero goals.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-c46682a7cf2f77a2b64d7d26ffbc3ecc wp-block-paragraph\"><strong>SOURCE:<\/strong><a href=\"https:\/\/www.pnbindia.in\/downloadprocess.aspx?fid=5Akgph\/U2f8ZyVQIuQTsjw==\" data-type=\"link\" data-id=\"https:\/\/www.pnbindia.in\/downloadprocess.aspx?fid=5Akgph\/U2f8ZyVQIuQTsjw==\" target=\"_blank\" rel=\"noopener\"> https:\/\/www.pnbindia.in\/downloadprocess.aspx?fid=5Akgph\/U2f8ZyVQIuQTsjw==<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQ\"><\/span>Frequently Asked Questions (FAQ)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q1. What does the name &#8220;IndusInd&#8221; in IndusInd Bank signify?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> The name &#8220;IndusInd&#8221; is inspired by the Indus Valley Civilization or the ancient Harappan Civilisation, known for its blend of innovation and business practices. Founded in 1994 by Srichand P Hinduja and the Indian diaspora, the bank reflects a legacy of innovation and foresight<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q2. What are IndusInd Bank&#8217;s main operations?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> IndusInd Bank provides an extensive array of financial services, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Microfinance, personal loans, and SME loans.<\/li>\n\n\n\n<li>Debit\/credit cards and vehicle financing.<\/li>\n\n\n\n<li>Affluent, NRI banking, and ESG-linked financial products.<\/li>\n\n\n\n<li>Advanced digital banking facilities.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q3. What is CSR?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans<\/strong>. Corporate Social Responsibility (CSR) signifies a company&#8217;s commitment to support social and environmental well-being. Under Section 135(1) of the Companies Act, 2013, a company must comply with CSR provisions if it meets any of these criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net worth<\/strong>: \u20b9500 crores or more.<\/li>\n\n\n\n<li><strong>Turnover:<\/strong> \u20b91,000 crores or more.<\/li>\n\n\n\n<li><strong>Net profit:<\/strong> \u20b95 crores or more.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q4. How much CSR spending is mandatory?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> Qualified businesses are required to allocate 2% of their average net earnings from the past three fiscal years to CSR initiatives. Newly established companies contribute 2% of their average net earnings from the most recent financial years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q5. What does UNICEF stand for?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> UNICEF stands for <em><strong>United Nations International Children\u2019s Fund<\/strong><\/em>. It operates in 190 countries, focusing on the well-being of children from early childhood to adolescence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q6. What does SDG mean?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> SDG refers to Sustainable Development Goals, a collection of 17 global targets introduced by the United Nations in 2015. These goals address poverty, hunger, education, clean water, gender equality, and health etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q7. What is the UN?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans<\/strong>. The UN, or <strong><em>United Nations<\/em><\/strong>, is an international organisation founded on October 24, 1945, in San Francisco and headquartered in New York. Comprising 193 member nations, its central mission is to uphold international peace and security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q8. Which gases are included in Green House Gas (GHG)?<\/strong>  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> Carbon dioxide (CO2), Methane (CH4), Nitrous oxide (N2O), Hydrofluorocarbons (HFCs), Perfluorocarbons (PFCs), Sulphur hexafluoride (SF6) Nitrogen trifluoride (NF3).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q9. Which asset categories are included in the GHG methodology?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> The GreenHouse Gas methodology applies to the following asset classes like:- listed and unlisted equity, corporate bonds, business loans, project finance, mortgages, commercial real estate, motor vehicle loans etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q10. Define Scope 1 and Scope 2 Emission<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ans.<\/strong> <em><strong>Scope 1 Emissions:<\/strong><\/em> These refer to direct greenhouse gas (GHG) emissions originating from assets or operations directly owned or managed by an organization. Additionally, unintentional releases, such as equipment leaks or methane emissions from coal mines, are also considered here.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Scope 2 Emissions:<\/strong><\/em>These are indirect GHG emissions generated from the production of purchased energy, such as electricity, heating, cooling, or steam, which are consumed by the entity.<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-5bb82b9c2dc62437b323324d8cefafb0 wp-block-paragraph\"><strong><em>Continue Reading:<\/em><\/strong> Please read blog post on <strong><em><a href=\"https:\/\/moneymita.com\/?p=479\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/moneymita.com\/?p=479\" rel=\"noreferrer noopener\">&#8220;CSR IN INDIA: VOLUNTARY OR MANDATORY?&#8221;<\/a><\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">                             <strong>                                                                                                          <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UNICEF-IndusInd Bank&#8217;s Partnership To Boost Climate Resilience And PNB Strengthens Climate Action As A PCAF Signatory Climate risk refers to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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