Punjab & Sind Bank files BRSR for FY 2025-26
Punjab & Sind Bank has filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing ESG governance, environmental targets, and operational metrics. The report includes reasonable assurance from M/s S.P. Chopra & Co. and details energy consumption, emissions, and stakeholder grievances.
*this image is generated using AI for illustrative purposes only.
Punjab & Sind Bank has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, which has been hosted on the bank's website, details its adherence to the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC) and includes an assurance report on the BRSR Core.
The bank has received reasonable assurance for its BRSR disclosures from M/s S.P. Chopra & Co., Chartered Accountants. The filing was made in compliance with Regulation 34 (2) (f) of the SEBI (LODR) Regulations, 2015.
ESG Governance and Targets
The Board of Directors serves as the highest authority responsible for the implementation and oversight of the Business Responsibility policy. Additionally, the bank has constituted an ESG Committee led by top management to address sustainability-related matters.
In terms of environmental commitments, the bank has set a target to reduce Scope 1 and Scope 2 emissions by 60% by 2036-37 and achieve net-zero emissions by 2070. During FY 2025-26, the bank installed a solar rooftop system costing ₹1.00 Crore, accounting for 2.0% of its total non-IT procurement.
Financial and Operational Metrics
The bank reported a paid-up capital of ₹7095.59 Crore. Its operations span 1654 offices across India, with no international branches. The bank serves a diverse customer base including corporates, MSMEs, farmers, and non-resident Indians.
The following table summarizes key employee statistics for the year:
| Category | Total | Male | Female |
|---|---|---|---|
| Permanent Employees | 10586 | 7347 | 3239 |
| Other than Permanent | 4 | 4 | 0 |
| Total Employees | 10590 | 7351 | 3239 |
| Workers | 1537 | 1537 | 0 |
Environmental Performance
The bank's total energy consumption for FY 2025-26 was 232776.34 GJ, with energy intensity per rupee of turnover recorded at 0.0000016. The total water withdrawal stood at 126285.75 kilolitres, while water consumption was 25257.15 kilolitres.
Regarding greenhouse gas emissions, the bank reported total Scope 1 emissions of 2508.84 metric tonnes of CO2 equivalent and total Scope 2 emissions of 39078.63 metric tonnes of CO2 equivalent. The total Scope 3 emissions were reported at 1673.99 metric tonnes of CO2 equivalent.
Stakeholder Grievances
The bank reported receiving 16848 customer complaints during FY 2025-26, with 79 complaints pending resolution at the end of the year. No complaints were reported from communities, investors, or employees. The bank maintains a grievance redressal mechanism accessible via its website and call centre.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE608A01012/758620ddd7884dbc.pdf
Historical Stock Returns for Punjab & Sind Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.49% | -0.49% | +5.48% | -12.08% | -23.68% | +19.61% |
How does the bank plan to bridge the significant gap between current emissions and its 2036-37 reduction target?
Will the bank increase its capital allocation for green procurement beyond the current 2% to accelerate its transition?
What specific strategies will be implemented to address the lack of gender diversity in the 'Workers' category?
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