Green Initiatives The goal of the Green Banking Project is to promote

Green initiatives the goal of the green banking

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and also supporting finance programs with incentives to go green. Green Initiatives The goal of the Green Banking Project is to promote sustainable business practices to offset the effects of climate change through energy and resource conservation, while protecting the environment for future generations. As part of the project, the Bank has launched “Hum aur Hariyali” campaign under which a number of green initiatives have been taken: Introduction of Paperless Fax: A shift has been made to receive faxes as soft copies instead of on paper. This initiative has been introduced in many departments and has reduced usage by 50,000 sheets of paper over a period of 6 months only in the corporate office which has resulted in substantial savings in both paper usage and energy consumption. Solar ATM: With the commencement of the Green Banking Initiative in the Bank, one of the key deliverables was enabling the ATM and signage’s with Solar energy. The Solar ATM at Opera House uses photovoltaic cells mounted on the roof of the
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building. These cells convert sunlight into electricity and this clean and renewable form of energy is used to power the ATM. Other Key Initiatives • Green data centre at Indiabulls. • Replacement of CRT monitors with LCD which results in 50% power savings. The target is 500 monitors this year • Disposal of computer hardware after contents are destroyed (technically called degaussing) to agencies which recycle the plastic recovered from the tapes. • Commenced the usage of A4 bagasse paper at all their Mumbai branches and Corporate Office. Shortly it will be rolled out to other locations. Advantage economical in terms of costing over normal paper and it is eco-friendly • Switched over to cleaner fuels like CNG /LPG factory fitted Cars. Over a period of 6 months, most of the new buys are CNG enabled vehicles. All the premises are now shifted to using CFL bulbs. This way the Bank is making an impact on optimum utilisation of resources relating to energy, paper and travel. 7. Indian Tobacco Company – ITC Inspired by a vision to serve a larger national purpose and abide with the strong value of Trusteeship, ITC has crafted innovative business models to create larger societal capital while simultaneously delivering long term shareholder value. ITC is an exemplar in Sustainability and is the only company in the world of comparable dimensions to be Carbon, Water and Solid Waste Recycling Positive. The ITC Sustainability App demonstrates the company's endeavour in Sustainable Business Practices.
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Renewable Energy ITC commitment to the environment is manifest in its constant endeavour to enlarge its positive carbon footprint. This is achieved not only through enhanced energy conservation, but also through use of renewable energy sources and expanding carbon sequestration through its large scale Social and Farm Forestry Programmes. Improved utilisation of carbon neutral fuels such as biofuels in the Paperboards and Specialty Papers Business and the commissioning of13.8 MW wind power projects in Maharashtra and Tamil Nadu contributed to increased utilisation of renewable energy.
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