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ICICI BankIndia
Active
This profile is actively maintained
Last update: 2023-11-09 11:45:51
ICICI Bank's head office. Photo: Wikimedia Commons (CC BY 3.0)
Active
This profile is actively maintained
Last update: 2023-11-09 11:45:51
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About
| Website | http://www.icicibank.com |
| Headquarters |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara
390 007 Gujarat
India
|
| CEO/chair |
Sandeep Bakhshi CEO |
| Supervisor | |
| Ownership |
listed on Bombay Stock Exchange, National Stock Exchange of India & NYSE
ICICI Bank's shareholder structure can be accessed here. |
ICICI Bank was established in 1994 by the Industrial Credit and Investment Company of India (ICICI) and is India's third largest bank. The bank is active in personal and corporate banking, investment banking, insurances, venture capital services and asset management.
Sustainability
Commitments
Policies
Voluntary standards
ICICI Bank's most important sustainability commitments can be found at the website sections listed below.
ICICI Bank has committed itself to the following voluntary standards:
Dodgy Deals
ICICI Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of ICICI Bank's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
Grievances
ICICI Bank operates a Grievance Redressal channel which can be accessed here.
This page evaluates ICICI Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Human Rights
Banks and Human Rights
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.
Human Rights Benchmark Asia 2022
BankLast update
Country
Score
Ranking
Details
ICICI Bank
IND
0
Laggard
0
0
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.
Banks and Nature
Banks and Nature
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.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
ICICI Bank
2022-09-27
IND
0.2
Laggard
0.2
0
Explanation
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
ICICI Bank
2022-09-29
IND
0
Laggard
0
0
Explanation
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
ICICI Bank
2022-09-29
IND
0.2
Laggard
0.2
0
Explanation
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel
Banks and Steel
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.
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