Steps taken by banks in attaining the United Nation’s Sustainable Development Goals (SDGs): A Descriptive Study on Selected Private Sector Banks of Vadodara.

Ms Pushpanjali Datar

doi:10.71097/IJSAT.v16.i2.5272

Steps taken by banks in attaining the United Nation’s Sustainable Development Goals (SDGs): A Descriptive Study on Selected Private Sector Banks of Vadodara.

Author(s)	Ms Pushpanjali Datar
Country	India
Abstract	The Sustainable Development Goals (SDGs), instituted by the United Nations in 2015, offer a worldwide framework for tackling essential social, economic, and environmental issues. This descriptive study examines the strategic initiatives implemented by two prominent private sector banks—Axis Bank and ICICI Bank—in Vadodara, India, in accordance with the Sustainable Development Goals (SDGs). The study utilises secondary data from public papers, bank disclosures, and official documents to underscore the diverse initiatives undertaken by major banks to promote sustainable development. Primary focal points are inexpensive and renewable energy, financial inclusion, education, gender equality, clean water and sanitation, and responsible consumerism. The results indicate that both banks have established extensive sustainability frameworks, enacted specific Environmental, Social, and Governance (ESG) policies, and initiated various CSR programs focused on rural development, women's empowerment, renewable energy financing, and inclusive economic growth. Despite notable advancements, the analysis reveals deficiencies, especially in relation to SDG 2 (Zero Hunger) and SDG 16 (Peace, Justice, and Strong Institutions), and emphasises the necessity for more robust institutional collaborations to amplify impact. The study asserts that these banks are strategically positioned to significantly contribute to the 2030 Agenda for Sustainable Development by continuous innovation, policy integration, and collaborative efforts.
Keywords	Banks, Sustainable Development Goal, United Nations
Published In	Volume 16, Issue 2, April-June 2025
Published On	2025-05-19
DOI	https://doi.org/10.71097/IJSAT.v16.i2.5272
Short DOI	https://doi.org/g9mn9t

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Steps taken by banks in attaining the United Nation’s Sustainable Development Goals (SDGs): A Descriptive Study on Selected Private Sector Banks of Vadodara.

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