India’s Top Banks Failing to Tackle Climate Risk as Threats Grow

India’s largest banks need to do more to incorporate climate risks into lending decisions as the country suffers escalating impacts from the effects of global warming, according to a new analysis.

While 92% of major lenders now disclose at least some climate-related data — up from 40% in 2022 — there’s little evidence it is being used to inform policy or limit exposures, an assessment of 35 banks by Bengaluru-based think tank Climate Risk Horizons found.