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CSR & Sustainability

Sustainability is an integral part of our ethos. We believe
in creating enduring value for all our stakeholders.

Message from the Managing Director & CEO

Amitabh Chaudhry Axis Bank CEO

Over the last 25 years, the foundation of Axis Bank has been built on its core values - Customer Centricity, Ethics, Transparency, Teamwork and Ownership, and by doing the right thing for its stakeholders. At the heart of our approach is the belief that our long-term success depends on the progress of the communities we serve and protection of the environment we live in.

As one of India’s largest financial institutions, we remain cognizant of our responsibility and are committed to helping individuals, communities, and businesses achieve real progress in their lives.

- Amitabh Chaudhry, Managing Director & CEO

Sustainability at Axis

Axis Bank is guided by a strategy that focuses on achieving sustainable, profitable growth for the organization while catalysing positive economic, social and environmental value creation for its stakeholders in the short and long term.

As an organization, we depend on diverse resources and relationships to create value. We are moving towards adopting an ‘Integrated’ approach which we believe can better recognize this value creation across our diverse set of stakeholders. The Integrated approach groups our inputs, activities and impact into six capitals – Financial, Manufactured, Intellectual, Human, Social & Relationship, and Natural – which together provide a more holistic insight into the value we create.

  • NaturalCapital

  • Intellectual Capital

  • Financial Capital

  • Manufactured Capital

  • HumanCapital

  • Social and Relationship Capital

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Axis Bank in included in FTSE4Good Emerging Index

Following its inclusion in the FTSE4Good Index series for the first time in 2017, Axis Bank has once again been included as a constituent in the prestigious global index for 2018. Created by the global index provider FTSE Russell, the FTSE4Good Index series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. These Indices are used by a wide variety of market participants, such as asset owners, managers and analysts, to make responsible investment decisions.

Being included in the FTSE4Good Index series is an affirmation of our progress in meeting the aspirations and expectations of our stakeholders, and staying true to our core values of Customer Centricity, Ethics, Transparency, Teamwork and Ownership.

Corporate Social Responsibility

The primary purpose of the Bank’s CSR philosophy is to make a meaningful and measurable impact to the lives of economically, physically and socially challenged communities of the country through an integrated approach of development which focuses on creating sustainable livelihood, promoting education and skills development, creating awareness amongst public at large on public interest topics including financial literacy, facilitating and providing access to formal banking channels for un-banked sections of the society, promoting environmental sustainability, and supporting health and sanitation initiatives.

Towards achieving the said objectives, the Bank’s CSR activities shall be carried out either through direct program implementation by the Bank or its implementation partners, through ABF, or through implementation partners, or by making direct contributions to any Schedule VII Fund, set up by the Government, as it may deem suitable.

The CSR Committee is the nodal agency which guides the Bank in implementation of the CSR Projects. The roles and responsibilities of the CSR Committee has been set out in its Charter, which is reviewed and approved by the Board of Directors of the Bank.

Sustainable Finance

As a leading financial institution, we facilitate financial flows in the Indian economy, touching myriad sections of society. In alignment with the global sustainable development agenda led by the Sustainable Development Goals and the Paris Agreement, we have strived to enhance our sustainable financing portfolio, lending to sectors including renewable energy generation, mass transport, low carbon infrastructure and waste management.

In addition, through our Debt Capital Markets business, we have helped marquee clients raise funds from the global capital markets towards green financing.

Axis Bank is also engaged in a number of initiatives focusing on policy advocacy and market development for green capital markets.

In 2016, we launched India’s first certified, dollar-denominated green bond by an Asian bank, raising USD 500 mn.

In August 2021, we launched the Sustainable Financing Framework to guide our future ESG-aligned debt issuances with an aim towards expanding the Bank’s lending activities in sectors that positively contribute to achieving the Sustainable Development Goals. The Framework is aligned to the latest set of ICMA’s Green and Social Bond Principles and Sustainability Bond Guidelines, and has received a Second Party Opinion from Sustainalytics.

Reports and Disclosures

Reports and Disclosures

Enhanced transparency and disclosures are an integral aspect of stronger corporate governance, strengthening our responsiveness to our investors, customers, and other pertinent stakeholders. In addition to SEBI-managed Annual Business Responsibility Report and statutory CSR disclosures as per Companies Act 2013, the Bank publishes a standalone sustainability report adhering to the sustainability reporting frameworks of the Global Reporting Initiative and International Integrated Reporting Framework. In addition, the Bank publishes an annual Green Bond Impact Report covering the utilization of proceeds and resultant impact of its inaugural green bond of USD 500 mn in 2016.

To know more about Axis Bank’s sustainability initiatives, please write to us at sustainability@axisbank.com.