ABN AMRO on Tuesday launched ?India Sustainability Report’?, a first for the country?s financial sector. The report includes key indicators on ABN AMRO?s environmental and social governance (ESG) performance and highlights the importance of sustainable development as part of the bank?s broader agenda.
Speaking at the launch, Romesh Sobti, ABN AMRO?s executive vice president and country executive in India said: ?We believe that the report will act as a paradigm for the financial sector in India and that going forward more banks will disclose their sustainability performance. In due course these reports will pave a way to towards meeting the best interests of all stakeholders.?
Moumita Sensarma, head of micro-finance and sustainable development ABN AMRO in India added, ?Disclosure of sustainability performance has already become a key selection criteria for most global institutional investors, including some of the world?s largest pension funds.
India is getting ready for this journey too and our Sustainability Report, leads the way in that direction.?
The report describes how sustainability is used to engage stakeholders and highlights the bank?s activities in this field such as the establishment of India?s first socially responsible investing fund.
The report adheres to the Global Reporting Initiative (GRI) – G3 guidelines and has also received limited assurance from Ernst & Young, India.