Authors: Gorre Rakesh
Abstract: Sustainability plays a prominent role in the current world, the financial institutions of India also integrated Environmental, Social, and Governance (ESG) factors into their operations. Present study examines the ESG integration on the financial performance of strong ESG practicing banks in India, this study has taken sample as HDFC Bank Limited, ICICI Bank Limited, and Axis Bank Limited, which are having higher ESG score and also part of the NIFTY 100 ESG Index. This study collected secondary data from the past five years, this research assesses performance indicators such as Return on Assets (ROA), Return on Equity (ROE). First section contains the introduction of ESG, second section carries out review of literature. Third section shows the Research Gap and statement of the problem, fourth section shows the objectives of the study, fifth section contains the research methodology, sixth section contains the data analysis and its interpretation. Last section carries out conclusions of the research study. This research concludes that ESG integration on the financial performance of strong ESG practicing banks in India having positive growth. ICICI Bank emerges as the most improved performer over the five-year period, while HDFC Bank maintains strong but steady financials. Axis Bank shows signs of catching up, particularly in equity returns.
DOI: https://doi.org/10.5281/zenodo.23557672
