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Financials, India
November 1, 2023

Indian banks face pressure to audit carbon-intensive loans

ByNatasha Teja
Industrial furnaces in Uttar Pradesh, India. The country, which is the world’s third-largest polluter after China and the US, aims to reach net zero by 2070 (Photo: Prashanth Vishwanathan/Bloomberg)

Indian banks’ unbridled lending to carbon-intensive sectors is facing investor scrutiny amid fears of rising transition risks

Banks in India have begun to reassess loans to carbon-intensive sectors amid growing pressure from international investors to mitigate against transition risks and adhere to global environmental, social and governance standards.

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