IDFC FIRST Bank has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the bank’s commitment to responsible business practices, environmental stewardship, social well-being, and robust governance. It outlines key performance indicators, initiatives, and future strategies across various ESG (Environmental, Social, and Governance) principles, including efforts in energy consumption, water management, waste reduction, employee welfare, and stakeholder engagement.
IDFC FIRST Bank Publishes FY 2025-26 Sustainability Report
IDFC FIRST Bank Limited has officially published its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. This comprehensive report outlines the Bank’s dedication to integrating environmental, social, and governance (ESG) principles into its core business strategy and operations.
Key Focus Areas and Initiatives
The report highlights the Bank’s performance and initiatives across several key areas:
Environmental Stewardship
The report details the Bank’s energy consumption, including figures for renewable and non-renewable sources, and its energy intensity per rupee of turnover. Water withdrawal, consumption, and discharge data are also provided, alongside efforts in waste management, including recycling and disposal methods for various waste categories such as plastic, e-waste, and hazardous waste. The Bank also tracks its greenhouse gas (GHG) emissions (Scope 1 and Scope 2) and their intensity.
Social Responsibility
Significant emphasis is placed on employee well-being, including health insurance, accident insurance, maternity, and paternity benefits, with 100% coverage for permanent employees. The report details measures for accessibility for differently-abled employees and outlines the grievance redressal mechanism for employees. The Bank also reports on its commitment to human rights, including training and policies related to minimum wages, prohibition of forced labour, and POSH (Prevention of Sexual Harassment). Community engagement and inclusive development are showcased through CSR projects and initiatives aimed at supporting vulnerable groups and promoting equitable development. Consumer engagement is addressed through mechanisms for feedback and complaint resolution, focusing on data privacy and cybersecurity.
Governance and Transparency
The report details the Bank’s corporate governance structure, including its commitment to ethical conduct and transparency. It outlines policies related to anti-corruption, anti-bribery, and whistleblowing. Stakeholder engagement processes are described, including consultations with regulators, communities, customers, investors, and value chain partners. The Bank’s approach to regulatory compliance and its adherence to national and international standards are also covered.
Assurance and Compliance
The BRSR Core attributes have undergone a Reasonable level of Assurance engagement by SGS India Private Limited. The report is prepared in accordance with the Master Circular for compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Greenhouse Gas Protocol.
Source: BSE
