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    Question

    Out of the 258 financial institutions globally ,which

    institution has emerged as the top performer of the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting being recognised by International Finance Corporation (IFC), a World Bank Group ?
    A Bandhan Bank Correct Answer Incorrect Answer
    B RBL Bank Correct Answer Incorrect Answer
    C Federal Bank Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    International Finance Corporation (IFC), a World Bank Group has recognised Federal Bank as the top performer of the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting. Out of the 258 financial institutions globally participating in climate reporting through the CAFI tool, Federal Bank emerged as a standout performer. Federal Bank secured two positions on the global stage i.e. Highest Climate Loan Amount Reported and Most GHG Mitigated category. Furthermore, in the South Asian region, Federal Bank clinched four prestigious recognitions in the following categories: ●       Most Transactions Reported ●       Highest Climate Loan Amount Reported ●      Most GHG Mitigated ●     Best Achievement vs Climate Targets

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