Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&amp;rsquo;s coal investments.&lt;br /&gt;
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&lt;p style=&quot;text-align:justify&quot;&gt;The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&amp;rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.&lt;/p&gt;

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                <strong>At India’s Climate, Finance and Policy Intersection, Big Infra Remains King -Amitanshu Verma</strong></h1>
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                <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />* Indian commercial banks&rsquo; large-scale investment in Big Infra has exposed the Indian people&rsquo;s savings and personal investments to financial risk.<br />* It has also made almost every common person with a savings account party to projects that worsen the climate crisis, displace people and destroy livelihoods.<br />* A recent RBI survey and discussion paper highlight potential courses for reform, but also strengthen the viewing of climate-related issues in terms of investment risk.</em></p><p style="text-align:justify">The latest Reserve Bank of India (RBI) <a href="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215" title="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215">survey</a> on &lsquo;Climate Risk and Sustainable Finance&rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.</p><p style="text-align:justify">The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.</p><p style="text-align:justify">The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.</p><p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg" title="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>               </font>
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                <strong>At India’s Climate, Finance and Policy Intersection, Big Infra Remains King -Amitanshu Verma</strong></h1>
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                <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />* Indian commercial banks&rsquo; large-scale investment in Big Infra has exposed the Indian people&rsquo;s savings and personal investments to financial risk.<br />* It has also made almost every common person with a savings account party to projects that worsen the climate crisis, displace people and destroy livelihoods.<br />* A recent RBI survey and discussion paper highlight potential courses for reform, but also strengthen the viewing of climate-related issues in terms of investment risk.</em></p><p style="text-align:justify">The latest Reserve Bank of India (RBI) <a href="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215" title="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215">survey</a> on &lsquo;Climate Risk and Sustainable Finance&rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.</p><p style="text-align:justify">The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.</p><p style="text-align:justify">The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.</p><p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg" title="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;The latest Reserve Bank of India (RBI) &lt;a href=&quot;https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;amp;ID=1215&quot;&gt;survey&lt;/a&gt; on &amp;lsquo;Climate Risk and Sustainable Finance&amp;rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&amp;rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&amp;rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.&lt;/p&gt;

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                <strong>At India’s Climate, Finance and Policy Intersection, Big Infra Remains King -Amitanshu Verma</strong></h1>
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                <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />* Indian commercial banks&rsquo; large-scale investment in Big Infra has exposed the Indian people&rsquo;s savings and personal investments to financial risk.<br />* It has also made almost every common person with a savings account party to projects that worsen the climate crisis, displace people and destroy livelihoods.<br />* A recent RBI survey and discussion paper highlight potential courses for reform, but also strengthen the viewing of climate-related issues in terms of investment risk.</em></p><p style="text-align:justify">The latest Reserve Bank of India (RBI) <a href="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215" title="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215">survey</a> on &lsquo;Climate Risk and Sustainable Finance&rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.</p><p style="text-align:justify">The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.</p><p style="text-align:justify">The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.</p><p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg" title="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>               </font>
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<p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />
* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />
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<p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>
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<p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />
* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />
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<p style="text-align:justify">The latest Reserve Bank of India (RBI) <a href="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215">survey</a> on &lsquo;Climate Risk and Sustainable Finance&rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.</p>

<p style="text-align:justify">The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.</p>

<p style="text-align:justify">The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.</p>

<p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>
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$metaTitle = 'LATEST NEWS UPDATES | At India’s Climate, Finance and Policy Intersection, Big Infra Remains King -Amitanshu Verma'
$metaKeywords = 'Climate change,climate risks,Coal,Energy,RBI'
$metaDesc = '-TheWire.in

* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.
* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and...'
$disp = '<p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>* As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world&rsquo;s coal investments.<br />* A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide.<br />* Indian commercial banks&rsquo; large-scale investment in Big Infra has exposed the Indian people&rsquo;s savings and personal investments to financial risk.<br />* It has also made almost every common person with a savings account party to projects that worsen the climate crisis, displace people and destroy livelihoods.<br />* A recent RBI survey and discussion paper highlight potential courses for reform, but also strengthen the viewing of climate-related issues in terms of investment risk.</em></p><p style="text-align:justify">The latest Reserve Bank of India (RBI) <a href="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215" title="https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&amp;ID=1215">survey</a> on &lsquo;Climate Risk and Sustainable Finance&rsquo; points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis.</p><p style="text-align:justify">The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don&rsquo;t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk.</p><p style="text-align:justify">The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks&rsquo; governance framework, and advocates larger shares of the lending portfolio towards green financing.</p><p style="text-align:justify">Please <a href="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg" title="https://science.thewire.in/environment/banks-exposure-coal-green-finance/?fbclid=IwAR0LcQRqt3EfklYPqqsOxRfApWVsp3Oj2WBfVqo3RR62uB4wxDrf7C0FYYg">click here</a> to read more.</p>'
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At India’s Climate, Finance and Policy Intersection, Big Infra Remains King -Amitanshu Verma

-TheWire.in * As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. * A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide. * Indian commercial banks’ large-scale investment in Big Infra has exposed the Indian people’s savings and personal investments to financial risk. * It has also made almost every common person with a savings account party to projects that worsen the climate crisis, displace people and destroy livelihoods. * A recent RBI survey and discussion paper highlight potential courses for reform, but also strengthen the viewing of climate-related issues in terms of investment risk. The latest Reserve Bank of India (RBI) survey on ‘Climate Risk and Sustainable Finance’ points to the long road that commercial banks in India need to traverse in order to make their lending portfolio instrumental in the global response to the climate crisis. The survey points out that hardly any banks incorporate performance indicators related to environment, social and governance (ESG) criteria in the evaluation of their top management. Most banks don’t have a separate vertical in their administrative structure to consider ESG-related initiatives and sustainable finance, nor were they able to present a clear strategy towards amplification of their sustainable finance portfolio or responding to climate risk. The survey, conducted by the Sustainable Finance Group (SFG) of the Department of Regulation at the RBI, had the participation of 16 private commercial banks, 12 public sector banks and six foreign banks. Based on the survey, the SFG recommends capacity building and incorporation of climate-risk assessment as part of the banks’ governance framework, and advocates larger shares of the lending portfolio towards green financing. Please click here to read more.