Date: October 2, 2026
ESG Score Upgrade Disclosure
Rating Rationale Summary
The rating rationale highlights the Bank's leadership position in managing ESG risks through best-in-class disclosures, policies and performance. Key factors for the upgrade include:
- Leadership in workforce diversity and sharp focus towards financial inclusion and sustainability
- Allocation of more than regulatory required corporate social responsibility (CSR) fund allocation
- Strong governance practices and social stewardship reinforced by comprehensive regulatory compliance
- Robust customer service framework
- Full compliance with SEBI and Companies Act requirements
- Board-approved policies on sustainable banking, cybersecurity, whistleblower protection, and code of conduct (many extending to suppliers and vendors)
- ISO/IEC 27000-certified cybersecurity framework
- ISO 9000 certification
- Zero data breach record
- Regular internal audits
Climate Risk Management Progress
The bank is actively progressing its climate risk management journey, having developed key elements including:
- Draft climate risk policy
- Governance report
- Strategy document
- Physical risk assessment
Further enhancements on targets, metrics, and disclosures are expected in line with evolving regulatory developments.
Event Details
Date of occurrence of event: October 1, 2026
Time of occurrence: 04:53 PM
Additional Information
The complete rating rationale is available on the website of the Bank and the website of the rating agency. The intimation is also available on the Bank's website at https://www.esaf.bank.in/investor-relation/?id=disclosure-to-stock-exchanges.