BankTrack assessed ICICI Bank in its 2022 Human Rights Benchmark Asia, where it achieved 0 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

ICICI’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. ICICI achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, ICICI provided USD 204 million in credit to companies operating in these forest-risk sectors. For more information, see the links below. 

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that ICICI Bank provided US$ 1.2 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on ICICI Bank’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ICICI Bank’s metallurgical coal policy below.