Canara Bank is integrating the European Corporate Sustainability Reporting Directive (CSRD) into its annual disclosures. This move allows the bank to better track Scope 3 financed emissions, specifically mapping carbon intensity within its corporate loan books for thermal power and heavy manufacturing. By implementing double materiality, the bank now reports on both the financial risks climate change poses to its business and the environmental impact of its lending decisions. This shift aims to attract global institutional capital and align Indian public sector banking with international ESG standards.
