Indian Overseas Bank (IOB) celebrates its 89th Foundation Day on February 10, 2025, reinforcing its dedication to sustainability. The bank has joined the Partnership for Carbon Accounting Financials (PCAF), committing to measure and disclose greenhouse gas (GHG) emissions linked to its financial activities. This move aligns IOB with global sustainability standards and supports India’s net-zero target by 2070

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• IOB celebrates its 89th Foundation Day on February 10, 2025, with a focus on sustainability.
• The bank has joined the Partnership for Carbon Accounting Financials (PCAF) to enhance carbon transparency.
• PCAF is a global initiative aimed at standardizing GHG emissions reporting for financial institutions.
• IOB’s commitment to carbon accountability supports India’s net-zero emissions target by 2070.
• The bank aims to measure and disclose GHG emissions from its lending and investment activities.
• IOB has been active in environmental sustainability, participating in Swachh Bharat Diwas on October 2, 2024.
• As part of its CSR efforts, IOB donated two Battery Operated Vehicles (BOVs) for eco-friendly waste collection in Chennai.
• MD & CEO Ajay Kumar Srivastava emphasizes IOB’s dedication to responsible banking and global sustainability benchmarks.
• The bank continues to integrate Environmental, Social, and Governance (ESG) principles into its operations.
• IOB aims to create a positive impact on both the economy and the environment as part of its growth strategy.