IFCI Limited (IFCI), in a step towards strengthening climate risk assessment and advancing ESG Services in India, signed Memoranda of Understanding (MoUs) with the India Meteorological Department (IMD) and The Energy and Resources Institute (TERI) in New Delhi today.
The MoU signing ceremony was graced by Shri Rahul Bhave, MD&CEO, IFCI; Dr. Mrutyunjay Mohapatra, Director General, IMD; Dr. R.K. Giri, Scientist-F & Head, Organisation Section, SAT-MET, IMD; Dr. Dipankar Saharia, Senior Director – Social Transformation & Strategic Alliance, TERI; and Dr. Amit Kumar Thakur, Associate Director & Head CSR, TERI. The event was also attended by senior officials from IFCI, IMD, and TERI.
The collaboration with IMD will enable IFCI to access critical meteorological datasets to strengthen its ESG services including in-house climate risk assessment tools. The collaboration covers climate hazard data across categories, both historical and forecasted data (for different time horizons), and granular datasets at district, city and station levels. The geographic scope extends across India, South Asia, and other available regions.
The partnership with TERI focuses on enhancing the ESG Services tool and promoting ESG advisory services in India and abroad. Under the MoU, TERI will support business development and marketing activities for IFCI’s ESG Services, along with other initiatives in this space. Both parties will jointly deliver ESG advisory assignments, workshops, and client engagements.
IFCI is pleased to announce the signing of MoUs between IFCI & IMD and IFCI & TERI to advance ESG Services and strengthen climate risk assessment for the Banks, Financial Institutions and Corporates. These partnerships reinforce our shared commitment to sustainable growth and resilience.
