New Delhi: Punjab
National Bank (PNB), one of India’s leading public sector banks, hosted the
inaugural Sustainable Finance Leadership Summit 2026, alongside the 3rd PCAF
India Accelerator Session, at its Corporate Office in Dwarka, New Delhi. The
Summit brought together senior representatives from regulatory bodies, banks,
development finance institutions, corporates and sustainability organisations
to deliberate on the critical role of finance in advancing India’s transition
towards a sustainable and resilient economy.
The Summit marked a significant milestone in
PNB’s sustainability journey, providing a collaborative platform for exchanging
insights, sharing best practices and exploring actionable approaches to
sustainable finance. Discussions centred on climate risk, responsible banking,
financed emissions, nature-related risks and the integration of sustainability
considerations into financial decision-making.
The event witnessed participation from senior
representatives of the Reserve Bank of India (RBI), United Nations Environment
Programme Finance Initiative (UNEP FI), Partnership for Carbon Accounting
Financials (PCAF), SIDBI, NaBFID, EXIM Bank, IFCI, IIFCL, public and private
sector banks, corporates and other key stakeholders from the financial and
sustainability ecosystem.
The inaugural session featured an address by
Ms. Mousumi Majumdar, GCRO, PNB, who also presented PNB’s sustainability
journey and future roadmap. Dr. Balakrishna Pisupati, Country Head - India,
United Nations Environment Programme, shared insights on sustainable finance,
while Shri Saket Kumar, DGM and Head, Sustainable Finance Group, Reserve Bank
of India, delivered a special address on “Climate Risk and Sustainable Finance
- Regulatory View.”
A key highlight of the Summit was a
leadership panel discussion on “What’s Next for Sustainable Finance in India?”
The panel brought together diverse perspectives from banking, development
finance, industry, renewable energy and sustainability. Deliberations focused
on opportunities and challenges in scaling sustainable finance, strengthening
the role of financial institutions in supporting India’s transition and
fostering greater collaboration among stakeholders.
The Summit also featured expert-led knowledge
sessions by UNEP FI, Crédit Agricole Corporate & Investment Bank, Golomt
Bank, Climate Risk Horizon, Step Change and EY. These sessions covered a broad
spectrum of emerging priorities, including the Principles for Responsible
Banking, nature-related risks, India’s sustainable finance landscape, financed
emissions and financing India’s transition to a sustainable economy.
An important component of the event was the
3rd PCAF India Accelerator Session, aimed at strengthening the technical and
institutional capabilities of financial institutions in measuring and
disclosing emissions associated with their financing activities. The session
covered PCAF’s global journey and acceleration efforts in India, technical
methodologies, practical examples and an interactive workshop to enhance
participants’ understanding of financed emissions accounting and its
application in the Indian financial context.
Underscoring the importance of translating
sustainability commitments into measurable action, the event also included an
assessment of its carbon footprint, highlighting the role of emissions
measurement and accountability in advancing responsible sustainability
practices.
The Summit concluded with remarks by Shri
Pratap Keshari Mallick, GM, PNB.
Through the Sustainable Finance Leadership
Summit 2026 and the PCAF India Accelerator Session, PNB reaffirmed its
commitment to advancing sustainable finance through industry collaboration,
knowledge sharing and institutional capacity building. The initiative reflects
the Bank’s continued efforts to contribute to a more responsible,
climate-resilient and sustainable financial ecosystem in India.