About the Report

Reporting Frameworks and Cycle

This is the first annual Sustainability Report developed in line with the Global Reporting Initiative framework – Sustainability Reporting Standards. It covers the period from 1st April 2023 to 31st March 2024, unless otherwise specified, and includes all businesses under our operational control. This report is an attempt to explain the sustainability strategy and performance of the bank to all the stakeholders. In adherence to GRI reporting principles, the report addresses sustainability issues relevant to both, stakeholders and business operations of the bank.


Reporting Scope and Boundary

The scope and boundary of operations include 888 branches (which includes offices and branches), 320 ATMs & 619 Micro ATMs across 26 sttes in India. Bank do not have any subsidiary or associate company. Hence, the reporting scope and the boundary relevant to the present sustainability report are applicable to an individual entity with no subsidiaries.

Highlights of Sustainability Performance

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ESG Strategy

Utkarsh SFB strives to balance financial success with social responsibility and environmental stewardship. Its sustainability strategy outlines a clear roadmap, ensuring that its operations are in step with current ESG trends, regulatory requirements, and stakeholder expectations. By embedding sustainable banking practices, the bank strengthens the adaptability of the financial system, tackles pressing environmental and social issues, and supports the transition to a more sustainable and inclusive economy.


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Goals and Targets

Each theme is broken down into key areas aimed at addressing goals and targets as part of the bank’s sustainibility initiatives. The bank has developed a structureed and detailed internal strategy through stakeholder consultation process and is making efforts to achieve its goals accordingly.

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ESG Disclosure

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