Bank of Baroda

|Sr. No.|ESG Governance|Functions| |---|---|---| |1.|Board of Directors|The Board of Directors will be responsible for the overall overseeing of implementation of sustainable strategies, policies and practices including monitoring progress under the Bank's ESG parameters.| |2.|CSR and Sustainability Commitete of the Board|CSR and Sustainability Commitete of the Board being a sub- commitete of the Board will drive the CSR, ESG, Sustainability and Climate Risk Agenda of the Bank and will report to the Board. Periodicity of meetings: The Commitete shall meet at least once every quarter.| |3.|Core CSR and Sustainability Commitete or "Green Cell"|Under the CSR & Sustainability Commitete of the Board, a multdi isciplinary Core CSR and Sustainability Commitete also designated as "Green Cell", would be instrumental in implementing the Bank's ESG, Sustainability and Climate Risk initaitives across all of its functions. Green Cell would act as a dedicated unit focused on promoting and overseeing environmentally sustainable practices within the Bank. Periodicity of meetings: The committee shall meet at least once a quarter to assess the Bank's ESG performance, identify potential risks and opportunities and define a way forward.| |4.|ESG Department|The Bank will have a dedicated ESG department atatched to the Risk management Vertical. This will be the nodal team responsible for driving the ESG strategy, monitoring of the ESG policy framework, reviewing and supportni g ESG performance across functoi ns, communication of ESG progress through periodic reports to internal and external stakeholders including the Board Commitete and driving an ESG culture across the organization.| |5.|Zonal Level ESG Committee|A Zonal Level Commitete shall spearhead the ESG agenda in the Zones/Regions. This Committee shall meet monthly to assess the Zone's ESG performance.

Bank shall arrange verification/ assurance of allocation of fund raised through green deposits during financial year from the third-party verification agency at yearly interval. The Third-Party Verification/Assurance Report shall cover use of the proceeds in accordance with the eligible green activities/projects indicated in table 5.2 (i) of the Bank's GFF. The Bank shall monitor the end-use of funds allocated against the deposits raised. The third-party assessment would not absolve the Bank of its responsibility regarding the end-use of funds, for which the laid down procedures of internal checks and balances shall be followed as in the case of other loans. The related terms and conditions to be additionally fulfilled by the borrowers to meet the requirements of the framework laid out and would be additional check points while ascertaining the end-use of funds. The Bank shall monitor the end-use of funds allocated against the deposits raised for safeguarding from instances of green washing. [...] Governance and Oversight At the highest level of Bank of Baroda's Governance for Green Deposits, the Board of Directors oversees regulatory compliance, sets sustainability goals, and approves overarching policies and frameworks. The Risk Management Department ensures effective risk oversight and alignment of the banks Green Deposit Framework with the vision of the bank. Business Units, comprising of experienced officials of the bank will take charge of fund generation and framework implementation. [...] Strategic directives and monitoring of the Green Deposit policy will be done by Risk Management Department and implementation of this framework will be responsibility of the respective Business Units of the bank.