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Bank of Baroda

Your bank falls short in climate responsibility.

The bank is not transparent about its lending to the fossil fuel industry, so we cannot rule it out. It mentions financing of renewable energy projects, although the extent of such lending it not clear. See below for more:
The bank aims to be Net Zero by 2057 to coincide with 150th year of bank's founding. This is not a target rooted in science. Instead, the bank should be measuring emissions enabled by its lending and setting science-based targets for each carbon-intensive sector it finances.

If they engage in energy financing, they are likely to lend far more to fossil fuels than renewable sources. They may have limited or no effective policies to improve their climate impact and may lack meaningful targets for reducing the emissions they are responsible for.

While they might show some engagement in sustainable practices or offer certain green lending products, these efforts are insufficiently developed or prominently displayed to make a significant impact.

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Your bank may be ignoring the Paris Agreement.

The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.

Start to Bank Green Today

Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:

Send a message to your bank that it must defund fossil fuels

Join a fast-growing movement of consumers standing up for their future

Take a critical climate action with profound effects

How do we derive our results?

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