IndusInd Bank Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	IndusInd Bank Ltd demonstrates a moderate level of governance in its lobbying activities, particularly in relation to climate change. The company states that "the senior management and leadership represent the Bank's interests related to climate change and sustainability at various forums, conferences, and media," and that its stance at industry forums aligns with its "overall climate change strategy as outlined in our Environment Policy and as represented by our new ESMS policy." This indicates some effort to ensure alignment between its external engagements and climate commitments. Furthermore, the Bank publishes its ESG commitments and climate change agenda in its "Annual integrated report, BRSR, and Investor Presentations," which helps ensure consistency with its activities. Governance mechanisms are overseen by the CSR and Sustainability Committee at the Board level, which includes independent directors, and further supported by a Sustainability Council at the CET level, providing oversight and strategic guidance. Additionally, the ESMS Committee evaluates reports and monitors implementation, with the Sustainability Head initiating annual policy reviews and presenting implementation status to the MD & CEO and the CSR and Sustainability Committee. However, while these structures and processes are robust for general sustainability governance, the evidence does not explicitly detail mechanisms for monitoring or managing lobbying alignment, particularly indirect lobbying through trade associations. The company does not disclose specific processes for reviewing or correcting misalignments in lobbying activities or trade association positions, nor does it provide evidence of a detailed lobbying audit or review. This indicates that while governance structures exist, they are not fully comprehensive in addressing climate lobbying alignment. View Sources	C

Overall Assessment

Analysis

Score

Moderate

IndusInd Bank Ltd demonstrates a moderate level of governance in its lobbying activities, particularly in relation to climate change. The company states that "the senior management and leadership represent the Bank's interests related to climate change and sustainability at various forums, conferences, and media," and that its stance at industry forums aligns with its "overall climate change strategy as outlined in our Environment Policy and as represented by our new ESMS policy." This indicates some effort to ensure alignment between its external engagements and climate commitments. Furthermore, the Bank publishes its ESG commitments and climate change agenda in its "Annual integrated report, BRSR, and Investor Presentations," which helps ensure consistency with its activities. Governance mechanisms are overseen by the CSR and Sustainability Committee at the Board level, which includes independent directors, and further supported by a Sustainability Council at the CET level, providing oversight and strategic guidance. Additionally, the ESMS Committee evaluates reports and monitors implementation, with the Sustainability Head initiating annual policy reviews and presenting implementation status to the MD & CEO and the CSR and Sustainability Committee. However, while these structures and processes are robust for general sustainability governance, the evidence does not explicitly detail mechanisms for monitoring or managing lobbying alignment, particularly indirect lobbying through trade associations. The company does not disclose specific processes for reviewing or correcting misalignments in lobbying activities or trade association positions, nor does it provide evidence of a detailed lobbying audit or review. This indicates that while governance structures exist, they are not fully comprehensive in addressing climate lobbying alignment.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Moderate	IndusInd Bank offers a moderate level of transparency on its climate-related lobbying. It explains several channels it uses to influence policy, noting that it "engage[s] with regulators in relation to sustainable finance policy," hosts "panel discussions on various topics to explore regulatory changes related to the promotion of climate change and ESG-related policies and enablers," participates in a "G20 outreach session," and collaborates with the TNFD. The targets of these efforts are also named, including "representatives from the ministries of the Government of India" and regulators such as "RBI" and "NMCG," showing clarity about both direct and coalition-based mechanisms and the authorities addressed. By contrast, the bank is far less specific about the substance of its advocacy: beyond referencing the broad area of "regulatory policy in relation to sustainable finance" it does not identify any particular law, regulation or bill it has sought to shape. Its desired outcomes are likewise framed only in general terms—such as improving policies to "facilitate attracting more private capital investments" and aligning internal practices with "RBI’s directives"—without stating measurable changes it wants policymakers to adopt. Consequently, while the disclosure gives good insight into the mechanisms and audiences of IndusInd Bank’s climate policy engagement, it provides only high-level indications of the policies addressed and the concrete results it seeks.	C