Saturday, February 12, 2011

Green banking initiative: IndusInd bank donates a vehicle to Satpuda Foundation

From a news item:

Lokmat News Service


Feb 1: Based on circular issued by RBI for all banks to give a report of how to make the organization sustainable, IndusInd Bank took the initiative and started a pilot project at the corporate office in 2008.

The Bank took several initiatives and adopted green practices in the key areas of energy, resources conservation, greenery and water. With the money saved by introducing several measures in the corporate and branch offices, IndusInd Bank donated a Bolero vehicle to Satpuda Foundation in an event held at Nagpur branch on Tuesday.

The vehicle will be extensively used for wildlife conservation in Melghat Tiger Reserve.

The keys of the vehicle were handed over to the Executive Director of Satpuda Foundation. At this event, the Bank also handed over saplings with a note “adopt a plant” to the gathered customers. This event is an extension of “Hum Aur Hariyali” campaign under the Green Banking Project which the Bank has embarked upon since the past 3 years. The Bank has taken the project across India after its successful commencement in its corporate office Mumbai. This is yet another banking initiative after the successful completion of their adopt-a-plant event in Chennai with the goal of green Banking projects to promote sustainable business practices and offset the effects of activities on climate change through energy and resource conservation, while protecting the environment for future generations.

The Green Banking Project which was introduced in 2008 during the International Year of Earth has now scaled up across all branches. Each branch manager and MCSOP are green champions who are responsible for implementing eco-friendly practices in the respective branch. These green champions encourage employees in spreading awareness of environmental issues and monitor consumption while conserving energy and resources.

IndusInd Bank has a comprehensive plan to reduce its carbon footprint. Some of the initiatives being undertaken under this plan are setting up solar-powered ATMs, this computing, e-archiving, e-learning, e-waste management, paperless fax, energy conservation, and CNG cars.