New Delhi: Bank of Maharashtra, one of India’s leading public sector banks, has received an ESG Rating of A+ from Resurgent ESG Services Private Limited, a SEBI-registered Category-II ESG Rating Provider. The ESG score assigned for the financial year 2024–2025 is 72.52, reflecting the bank’s growing commitment to sustainable, responsible, and ethical banking practices.
ESG Rating Based on Rigorous, Multi-Layered Framework
The rating was determined using Resurgent ESG’s comprehensive evaluation framework, which not only considers publicly disclosed data but also integrates direct engagement with key stakeholders of the entity. This dual-layered methodology ensures a holistic assessment across environmental, social, and governance (ESG) dimensions.
The rating captures the bank’s current ESG profile, evaluating its impact on environmental sustainability, societal responsibility, and internal governance standards.
Key Features of the Rating Framework
According to the official press release, Resurgent ESG’s rating process:
- Goes beyond disclosures to capture internal ESG practices through qualitative assessments.
- Engages with stakeholders directly for validation and deeper insights.
- Provides a forward-looking view of the bank’s sustainability and ESG risk profile.
Offers a decision-support tool for investors, regulators, and stakeholders tracking ESG performance in the banking sector.
A Strategic Milestone in Bank of Maharashtra’s ESG Journey
This ESG rating is expected to further enhance the bank’s credibility among ESG-conscious investors, regulators, and customers. It will also help the bank align future strategies with global sustainability standards and continue its push towards responsible banking and green finance.
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About Bank of Maharashtra
Ministry of FinanceBank of Maharashtra (BOM) is a public sector bank in India, owned by the Ministry of Finance, Government of India. It was established on September 16, 1935, and commenced operations on February 8, 1936. BOM provides various banking services, including personal banking, cash management, retail loans, and other financial services.
