India’s largest banks need to do more to incorporate climate risks into lending decisions as the country suffers escalating impacts from the effects of global warming, according to a new analysis.
While 92% of major lenders now disclose at least some climate-related data — up from 40% in 2022 — there’s little evidence it is being used to inform policy or limit exposures, an assessment of 35 banks by Bengaluru-based think tank Climate Risk Horizons found.
