The first edition of the Fair Finance India scorecard was featured in an article by Deccan Herald recently. Fair Finance is a coalition of civil society organizations working for greater transparency and accountability in the financial sector in India, by encouraging the integration of human rights standards and ESG (Environmental, Social, and Governance) criteria in their policies.
The scorecard was based on an assessment of the policy disclosures of a sample of eight Indian banks. It found that while most banks are committed to financial inclusion and tackling corruption, their policies and practices were wanting when it came to social, environmental, and human rights issues.
As per the report, “Banks can choose to support companies that support living wages, integrate labour rights in their supply chains, respect human rights and protect the environment. This way the banking sector can contribute to making India a truly sustainable and inclusive economy.”
Read the entire piece here.
