On Earth Day 2025, Bank of Baroda launched its environment, social, and governance (ESG) policy, outlining its commitment to achieve net zero emissions by 2057. The bank’s initiative aligns with the Earth Day 2025 theme, “our power our planet,” which emphasizes the importance of renewable energy sources. As part of its efforts to promote sustainability, the bank will prioritize financing for renewable energy projects.
To contribute to a greener planet, Bank of Baroda has also launched a “plant a tree” program, under which it has planted over 30,000 trees on behalf of its customers for every auto and home loan disbursed in 2025. The bank’s managing director and CEO, Debadatta Chand, emphasized the importance of being a responsible corporate citizen, stating that the bank aims to embed ESG practices into its core strategy and operations.
In addition to its ESG policy, the bank has introduced a range of sustainable finance products, including green deposits, residential rooftop solar loan schemes, and green hydrogen financing schemes. To raise awareness about sustainable finance among its employees, the bank is conducting a “green financing” training and capacity-building workshop. The bank has also launched a dedicated web space, “BOB Earth,” to showcase its sustainability initiatives and progress towards achieving its ESG goals.
The launch of the ESG policy and net zero commitment demonstrates Bank of Baroda’s commitment to promoting environmental sustainability, social well-being, and good governance. By prioritizing sustainable finance and reducing its carbon footprint, the bank aims to contribute to a more environmentally friendly future. The “plant a tree” program and other sustainability initiatives undertaken by the bank highlight its efforts to make a positive impact on the environment and promote eco-friendly practices among its customers and employees. Overall, Bank of Baroda’s ESG policy and sustainability initiatives mark an important step towards achieving a more sustainable future.