IndusInd Bank and UNICEF collaborate to strengthen Climate Risk Management and Community Resilience

MUMBAI, India, Nov. 21, 2024 /PRNewswire/ — IndusInd Bank and UNICEF announced a strategic partnership to support the ‘Disaster Resilient Communities and Climate Risk-Informed Efficient Administrative Systems‘ as part of the Flagship CSR program of IndusInd Bank. The program aims to enhance government policies and develop climate-informed administrative systems in five select districts across India: Dharashiv (Maharashtra), Begusarai (Bihar), Virudhunagar (Tamil Nadu), Baran (Rajasthan), and Bahraich (Uttar Pradesh). This initiative is a part of the Holistic Rural Development program (Climate Action portion), a Flagship CSR Initiative of IndusInd Bank in the Aspirational Districts. 

The partnership, formalized through a Statement of Intent (SOI), will focus on building disaster-resilient communities and empowering local governments to implement climate solutions. Key initiatives will include the development of real-time monitoring systems, early warning mechanisms, and advisory services to mitigate climate risks such as droughts, floods and heatwaves. 

Mr. Srinivas Bonam – Head – Inclusive Banking Group, CSR & Sustainability, IndusInd Bank said, “At IndusInd Bank, our commitment remains unwavered in uplifting the economy, society, and the environment equally. We recognize that our role goes beyond traditional banking, and partnering with organizations like UNICEF is both an honour and a responsibility. Together, we aim to create solutions that benefit vulnerable communities and promote long-term development. We believe this program and collaboration would drive meaningful change and empower individuals to build a sustainable future. Our dedication to noble causes is not just a part of our mission; it is the essence of who we are and will continue to guide our efforts as we strive to make a lasting, positive impact in the world.”  

Mr. Arjan de Wagt – Deputy Representative Programmes, UNICEF India said, “UNICEF’s partnership with IndusInd Bank, aims to enhance climate induced disaster resilience among rural communities. By collaborating with panchayats and other stakeholders, we will together focus on building disaster-resilient communities and support local governments to implement climate solutions towards a more sustainable future for children.” 

This partnership will involve various stakeholders to enhance climate resilience in IndusInd Bank Limited intervened Aspirational Districts. IndusInd Bank in partnership with UNICEF will work to promote a model of district level risk informed disaster risk reduction programming. The CSR Trust for SDGs in India (CTSI) will oversee the overall program, IIT Gandhinagar will develop a sophisticated monitoring and early warning system, the Gorakhpur Environment Action Group will focus on capacity building and training for local officials, and Mission Samriddhi will foster stakeholder engagement, integrate diverse perspectives, and promote knowledge sharing. 

About IndusInd Bank:

IndusInd Bank Limited has been redefining banking for the past 30 years and has been a force for progression and innovation, offering an elevated banking experience for its diverse range of stakeholders, including government entities, PSUs, retail customers, and large corporations. The Bank’s product offerings include microfinance, personal loans, debit/credit cards, SME loans, advanced digital banking facilities, affluent and NRI banking services, vehicle financing, and innovative ESG-linked financial products. The Bank also caters to the growing Indian diaspora with representative offices in London, Dubai, and Abu Dhabi. As of September 30, 2024, IndusInd Bank serves approximately 41million customers through 3040 branches/banking outlets and 3011 ATMs, reaching 1.61 lakh villages across India. IndusInd Bank leverages technology through its ‘Digital 2.0’ strategy, ensuring multi-channel delivery and a robust digital infrastructure. In each of its unique offerings that include ‘INDIE’ – the one-stop-shop for all things digital banking and ‘Indus PayWear’ – first-of-its-kind payment wearable product that combines IndusInd Bank credit and debit card payments through a watch clasp, mobile sticker and ring; innovation and customer centricity remain at the core. IndusInd Bank holds clearing bank status for major stock exchanges BSE and NSE, settlement bank status for NCDEX, and is an empaneled banker for MCX.

RATINGS

Domestic Ratings:

• CARE A1+ for Certificate of Deposits
• CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds
• CRISIL A1+ for certificate of deposit program / short term FD programme
• IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research

International Rating:

• Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service

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