Kotak Mahindra Bank Ltd

The Bank's ESG Policy Framework governs the Bank and its subsidiaries' environment related strategy and initiatives. In line with the commitments articulated in the ESG Policy Framework, the Bank gives inputs on surveys and consultations by regulatory bodies on ESG and climate action, and has in the past year provided inputs to RBI, SEBI and IFSCA among others. Whilst engaging with industry trade associations, Kotak supports industry level initiatives towards mitigating the negative effects of Climate change in addition to the occasional thought leaderships published by its Institutional equities research arm. Further, on an ongoing basis the Bank also engages with clients and investors on relevant climate related issues.

The Bank's Policy on Environment elucidates its commitment on sound environmental management. KMBL's Environment Policy and Health, Safety & Welfare at Work-Place Policy governs KMBL and its subsidiaries' environment related strategy and initiatives. The Corporate Social Responsibility (CSR) team leads the environment sustainability initiatives across KMBL's banking operations. KMBL has identified and defined a set of Key Performance Indicators (KPI) that they regularly monitor to manage environmental performance. The Board reviews KMBL's environmental performance at a group level on an annual basis. With the adoption of the ESG Management Systems Plan, KMBL has initiated the process of assessing the environmental footprint of its borrowers too. [...] Whilst engaging with industry trade associations, Kotak supports industry level initiatives towards mitigating the negative effects of Climate change in addition to the occasional thought leaderships published. The Bank does not directly influence policies or policy makers on issues such as Climate Change.

The CSR and ESG Committee is responsible for managing and providing strategic direction for the Group's ESG performance and strategy. The Committee is responsible for overseeing the development and implementation of the Bank's ESG framework. It provides strategic direction to the Bank's ESG performance, taking into consideration the relevant risks and opportunities. The Committee also oversees compliance with applicable ESG-related regulatory requirements, tracks progress against goals and targets, as well as reviews the Bank's ESG disclosures. [...] The Bank's ESG Policy Framework governs the Bank and its subsidiaries' environment related strategy and initiatives. In line with the commitments articulated in the ESG Policy Framework, the Bank gives inputs on surveys and consultations by regulatory bodies on ESG and climate action, and has in the past year provided inputs to RBI, SEBI and IFSCA among others. Whilst engaging with industry trade associations, Kotak supports industry level initiatives towards contributing to mitigating the negative effects of climate change in addition to the thought leaderships published by its Institutional equities research arm. Further, on an ongoing basis the Bank also engages with clients and investors on relevant climate related issues.

The Board's CSR and ESG committee (the "Committee") will be responsible for overseeing the development and implementation of the Bank's ESG framework. The Committee's responsibilities will include providing strategic direction to the Bank's ESG performance taking into consideration the relevant risks and opportunities. The Committee will also oversee compliance with applicable ESG related regulatory requirements, track progress against goals and targets as well as review the Bank's ESG disclosures. [...] Further, KMBL has a dedicated policy for Policy Advocacy and it strives to contribute to the development of policies and regulations. [...] KMBL's ESG Taskforce is responsible for collecting information from the various businesses and functions on various ESG parameters on a periodic basis. This information is to be subsequently consolidated, analysed and reported to the Head of the ESG function for necessary oversight and the progress reports are to be presented to the Committee and the Board periodically.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Bank's ESG Policy Framework governs the Bank and its subsidiaries' environment related strategy and initiatives. In line with the commitments articulated in the ESG Policy Framework, the Bank gives inputs on surveys and consultations by regulatory bodies on ESG and climate action, and has in the past year provided inputs to RBI, SEBI and IFSCA among others. Whilst engaging with industry trade associations, Kotak supports industry level initiatives towards mitigating the negative effects of Climate change in addition to the occasional thought leaderships published by its Institutional equities research arm. Further, on an ongoing basis the Bank also engages with clients and investors on relevant climate related issues.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years