When a bank starts producing water
Indian Bank ICICI Bank recently presented its latest innovative initiative on the theme of responsible water resources management and the deployment of its sustainable development strategy. This initiative takes the form of the installation of water production units from ambient air humidity and represents an innovation in the international banking sector, even though the commitments on eco-responsibility seem today, and more than ever, weakened.
FACTS
- ICICI Bank recently installed Atmospheric Water Generators (AEGs) in five of its Indian offices in Bengaluru, Hyderabad, Mumbai and two in Chennai.
- The condensation process of the Atmospheric Water Generators (GEA) transforms water vapour and ambient humidity into droplets, which then undergo several filtrations. These units are thus capable of transforming air moisture into drinking water, producing up to 8,000 litres per day.
- These facilities will be used to feed the bank's office networks and thus meet the needs of some 4,200 of its employees.
ISSUES
- Achieving its objectives ICICI Bank has long been committed to meeting environmental sustainability objectives aimed at reducing the overall environmental impact of its operations and operations. At the top of its commitments, the bank has set itself the goal of achieving carbon neutrality by 2032.
- Signing a World Premiere : The deployment of such atmospheric water generators by a banking institution is in principle a particularly innovative initiative and even a first for the international sector.
PERSPECTIVE
- This announcement by ICICI Bank came as Donald Trump's entry into power in the United States upset the strategies of the actors involved. The US bank Wells Fargo has announced abandoning its carbon neutrality target by 2050.
- More generally, and beyond Wells FargoThe US saw banks such as Morgan Stanley, Citigroup, Bank of America, JP Morgan and Goldman Sachs leave the Net-Zero Banking Alliance (NZBA) in recent months. To survive, the alliance Would work Moreover, it is currently reviewing its objectives.
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