Team News Riveting
New Delhi, June 5
IndusInd Bank announced that it has made it to the Carbon Disclosure Project (CDP) list for the sixth consecutive time, making it the only Indian Bank to get featured in the prestigious list.
The CDP list is a global environmental disclosure system that ranks companies world-wide basis contributions made towards encouraging environmental transparency and performance.
In a bid to commemorate this milestone, as well as the World Environment Day, IndusInd Bank’s Managing Director and CEO Sumant Kathpalia announced the following Environmental, Social and Governance (ESG) initiatives that the Bank has undertaken: Commitment to reducing the Bank’s specific Carbon Emission by 50 per cent over the next 4years, increasing the allocation of capital towards Climate Finance to3.5 per cent of its loan book over the next two years, which is currently at 2.7 per cent.
Besides, transforming all its Pioneer branches/lobbies into Green and Plastic free zones and getting them LEED certified, supporting a tree plantation drive where in 50,000 trees will be planted in cities where the pollution index is high.
The private sector lender launched an employee awareness drive to spread the word on benefits pertaining to water conservation, waste reduction and re-cycling of waste. It installed solar solutions of 675KW capacity that has reduced carbon emission worth 8278tons.
The bank also created water harvesting capacity of about 70 million cubic meters and also restored 15lakes and 2drainagessystems.
