Bank of Baroda

No leading practices were identified for the financial institution in the governance and strategy measurement area.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Bank of Baroda has a grievance mechanism accessible to all external individuals and communities to raise human rights, as well as bribery and corruption concerns or complaints. Furthermore, it has a policy prohibiting bribery and corruption.

In terms of its approach to senior leadership accountability, Bank of Baroda could assign responsibility for sustainability to the group’s board of directors and link the remuneration of its executive or management teams to sustainability performance criteria. In terms of female representation in leadership positions, women are underrepresented on the board of directors where only 2 out of 12 board members are women. Bank of Baroda has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Regarding engagement, the financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees, across its financing activities.

There is no evidence that Bank of Baroda discloses a target to reach net-zero financed emissions by 2050. Furthermore, there is no evidence that the financial institution discloses its financing activities devoted to climate solutions. Regarding engagement on the topic of climate change, the financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with, specifically on the alignment with the Paris Agreement. On the topic of nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Bank of Baroda has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles (UNGPs) or the ILO declaration on fundamental rights at work. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. In terms of workforce diversity, the financial institution has an opportunity to disclose the proportion of its total direct operations workforce for each employee category by age group and gender. In addition, while Bank of Baroda discloses that it directs finance towards women entrepreneurs and micro-, small- and medium-sized enterprises, it could provide an amount.