Green is the New Gold: Shriram Plugs into the Sustainability Circuit

Shriram Finance is ramping up its sustainability efforts with increased green financing activities, with greater focus on electric vehicle (EV) lending, renewable energy, and sustainable lending practices.

 

The company has consolidated its initiatives under a specific vertical called Shriram Green Finance with the aim of building a ₹5,000 crore green portfolio over the next 3–4 years. The vertical will initially target EV funding in Karnataka, Kerala, Delhi NCR, and Maharashtra, as also related supporting infrastructure like battery charging stations and energy-efficient machinery.

 

Executive Vice Chairman Umesh Revankar emphasized that the move aligns with Shriram’s long-standing mission to empower underserved communities while contributing to India’s green transition. “We’re not just financing vehicles—we’re financing livelihoods and a cleaner future,” he noted.

 

Shriram Finance has raised more than $6.5 billion through green and social-labelled financing and became one of India's leading non-banking finance companies (NBFCs) in raising ESG-themed capital. It has also established a board-level ESG committee and robust governance framework to enable transparency and impact. 

 

Relevant Sources: Business Standard, ICICI Direct, The Hindu BusinessLine, MSN