ICICI Bank aims to continuously evaluate the various risks impacting its business, and develop strategies to monitor and manage these risks, while meeting the objective of risk-calibrated growth and long-term sustainability.

The complex and evolving risk environment demands continuous strengthening of the Bank’s risk management approach. The Bank continuously reviews and enhances the methods for identification and assessment of risks, and sets appropriate metrics and controls, and mitigants for managing significant risks. The Bank has recently initiated steps to embed climate risk assessment and climate risk management as part of the Bank’s risk management framework. As a first step, a dedicated team within the Risk Management Group has been set up to develop a framework to assess the physical and transition risks of companies in the Bank’s portfolio, and manage these risks as part of the credit evaluation process.