Post by Sumita Kale

I have been quoted in the Business Standard today, thanks Raghu Mohan for ensuring climate stays on the agenda for financial service providers! "There is also the impact of climate change on low-income segments and small businesses. “And this goes beyond the obvious agricultural links that have dominated credit discourse all these years,” notes Sumita Kale, CEO and senior fellow, Indicus Foundation. She bemoans the lack of movement from the policy and regulatory side after the Finance Ministry’s draft framework for ‘India’s Climate Finance Taxonomy’ last year and RBI’s draft ‘Disclosure framework on Climate-related Financial Risks (2024)’. “Without clear policy direction and regulatory incentives, weather-related shocks will continue to deepen financial stress for our most vulnerable households and enterprises.” https://lnkd.in/d2cqVpuU