One of the largest private-sector banks in India has taken significant steps toward environmental conservation and nurturing sustainable growth. The bank is committed to conducting its business sustainably and responsibly, aiming to reduce the adverse environmental impacts of its operations.
In FY 2024, the bank increased the proportion of renewable energy within its total energy consumption (including grid energy and on-site solar generation) to 35%, up from 9% in FY 23. This achievement led to the bank's total green energy usage rising to 75.73 million kilowatt-hours (kWh) in 2024.
Regarding total energy consumption, the emissions intensity for total Scope 1 and Scope 2 emissions declined from 1.16 tons of carbon dioxide equivalent (tCO₂e) in FY 2023 to 0.90 tCO₂e in FY 2024.
The bank's commitment to sustainability extends to efficient waste management, supported by a robust waste-handling process. Between March 2023 and February 2024, the bank generated a total of 145,350 kilograms (kg) of waste. Of this, only 550 kg was rejected and sent to landfills, while 144,800 kg was recycled and reused on the premises. The recycled/reused waste comprised 66,160 kg of wet waste, 9,390 kg of horticulture waste, and 69,250 kg of dry waste.
The bank's "Going Green" initiative, which provides digital solutions to customers, reduced the usage of A4-sized paper, saving 27.5 million sheets in 2024, equal to a saving of approx. 2044 trees & resulting in reduction of emissions of 217.5 tCO2e
Through these initiatives, the bank remains committed to fostering sustainable development through impactful programs and efforts across various parts of the country.
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