HDFC Bank earns strong ESG rating for FY2024

HDFC Bank Limited received an ESG rating of 70 for FY2024 from NSE Sustainability Ratings & Analytics Ltd., according to an email dated October 10, 2025. This rating was independently prepared based on publicly available information, and HDFC Bank clarified it did not engage the agency for this assessment. The overall rating of 70 is derived from an environment score of 67, a social score of 73, and a governance score of 72.

The bank's environment score of 67, with a 21% weightage, reflects strong performance in managing GHG emissions, water resources, and waste handling, aligning with industry best practices, though energy utilization was moderate. The social score of 73, carrying a 38% weightage, highlights adequate health and safety measures for employees, promotion of a diverse workforce, moderate customer safety and satisfaction, and proactive community welfare engagement.

The governance score of 72, with a 41% weightage, indicates robust governance practices, a well-organized board structure, a fair risk management system, and effective alignment with industry best practices. The assessment helps stakeholders understand the company's management of material ESG issues and its positive impact on stakeholders and society.