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Table 4 Disclosure of GRI Financial Service Sector Supplement by Banks in India

From: Examination of sustainability reporting practices in Indian banking sector

GRI Financial Service Sector Supplement Percentage of PSBs (N = 21) Percentage of PvtSBs (N = 21)
FSS-1 Policies with specific environmental and social components applied to business lines 20 20
FSS-2 Procedures for assessing and screening environmental and social risks in business lines 1 6
FSS-3 Processes for monitoring clients’ implementation of and compliance with environmental and social requirements included in agreements or transactions 1 3
FSS-4 Processes for improving staff competency to implement environmental and social policies and procedures as applied to business lines 1 2
FSS-5 Interactions with clients/ investees/business partners regarding environmental and social risks and opportunities 10 2
FSS-6 Percentage of the portfolio for business lines by specific region, size (e.g. Micro/SME/Large) and by sector 0 7
FSS-7 Monetary value of products and services designed to deliver A specific social benefit for each business line broken down by purpose 1 6
FSS-8 Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose 1 6
FSS-9 Coverage and frequency of audits to assess implementation of environmental and social policies and risk assessment procedures 1 2
FSS-10 Percentage and number of companies held in the institution’s Portfolio with which the reporting organization has interacted on environmental or social issues 0 6
FSS-11 Percentage of assets subject to positive and negative Environmental or social screening 1 6
FSS-12 Voting policies applied to environmental or social issues for shares over which the reporting organization holds the right to vote shares or advises on voting 0 2
FSS-13 Access points in low-populated or economically disadvantaged areas by type 0 6
FSS-14 Initiatives to improve access to financial services for disadvantaged people 21 21
FSS-15 Policies for fair design and sale of financial products and services 7 6
FSS-16 Initiatives to enhance financial literacy by type of beneficiary 21 21