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Federal Bank Disburses Largest Amount Of Climate Loan
This recognition highlights the bank’s commitment to promoting sustainable development and mitigating the impacts of climate change through innovative and impactful financing solutions
Photo Credit :
Federal Bank received a Certificate of Achievement from the International Finance Corporation (IFC), a member of the World Bank Group, in honor of its leadership in climate financing in the South Asia region (CSA) during FY 22. This was the largest amount of climate loans disbursed at 332.9 million USD.
Ashutosh Khajuria, Executive Director, Federal Bank, received the award from Joon Y Park, Regional Portfolio Manager FIG, South Asia at IFC.
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 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.