AU SFB partners with IFC to integrate climate risk management into core banking strategy

Hyderabad, June 4 -- Marking World Environment Day with a commitment to sustainable finance, AU Small Finance Bank (AU SFB), India's largest small finance bank, on Wednesday said it has partnered with the International Finance Corporation (IFC) to undertake a comprehensive climate risk advisory program.

Through this initiative, AU SFB will embed climate risk considerations into its governance frameworks, strategic planning, risk management processes, and ESG disclosures - aligning with global best practices and evolving regulatory expectations, the bank said in a release.

IFC will serve as AU SFB's lead ESG and climate risk advisor, supporting AU SFB in addressing the growing need for financial institutions to quantify, disclose, and ma...