On World Environment Day, at Federal Bank we handed out saplings to children. The kids showed great interest in nurturing at Fed Cradle, our in-house creche facility at select locations by caring and watering the plant daily. Over time their efforts bore fruit, quite literally, as the plant blossomed with fruits. This journey symbolises our commitment to nurturing a sustainable future, where small acts of care and consistency lead to significant environmental rewards.
Greener Tomorrow
We have just one planet, and its well-being is closely linked to our own. Our efforts to reduce GHG emissions, decrease energy consumption, minimise the use of plastic, encourage digital applications, and promote environmentally responsible investments are spurred by this fundamental realisation.
ENERGY EFFICIENCY
We have implemented various energy-saving measures in our branches and offices, from using energy-efficient appliances and LED lighting to promoting responsible energy use among employees. Apart from installing a rooftop solar plants with combined capacity of 380 kWp, the Bank is procuring only star-rated energyefficient inverter AC units, which help reduce 25% of energy usage compared to conventional AC units. We have also installed IoT-based power-saving devices for AC units in 50 ATM sites. The Bank is replacing all conventional lights with LED, which helps in saving approximately 50% of energy usage. Six of our premises have already received Green certifications.
0%
Inverter Type AC Units
0%
Premises with LED Lights
0 kWh
Power Savings at ATM Sites
GHG Emissions
| Parameter | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Total Scope 1 emissions Metric tonnes of CO2 equivalent | 3,866.67 | 2,774.86 |
| Total Scope 2 emissions Metric tonnes of CO2 equivalent | 28,076.77 | 32,862.90 |
PROMOTING CIRCULARITY
We collaborate with local authorities and engage authorised e-waste recyclers for responsible waste collection and disposal. We have eliminated the use of single-use plastic bottles within our premises. We are always exploring alternatives to reduce paper and plastic waste. We ensure appropriate disposal in collaboration with local corporations, municipalities, and panchayats.
GOING DIGITAL. GOING GREEN.
Going digital significantly reduces the need for paper. Cloud storage and digital document management eliminate the need for physical space and paper-based archives. This results in improved environmental management. For more on how we are investing in digital read pg 24.
Sustainable Lending Practices
As custodians of public money, we are committed to societal and environmental responsibilities beyond operational improvements and CSR activities. We have re-aligned our lending strategy, becoming the first Bank in India to publicly commit to a coal phase-out policy by 2030. We have ceased funding for new or significant expansions of coal mines, coal-fired power plants, and oil & gas exploration activities. Sustainability is central to our lending practices, with every project evaluated for significant Environmental and Social (E&S) risks based on IFC performance standards.
We actively fund climate-positive activities like energy-efficient buildings, clean transportation, renewable energy, and sustainable agriculture. We have aligned our definition of 'Green' activities with the taxonomy of Multilateral Development Banks, focusing on climate finance. Our green loans are rigorously assessed using the Climate Assessment for Financial Institutions (CAFI) tool.
| Category of Green | Balance O/s (in ` Crore) |
|---|---|
| Green Building | 55 |
| Renewable Energy | 6,051 |
| Special Climate* 856 | 856 |
| Total | 6,962 |
0 Million metric tonnes
Annual Emission Reduction in CO2e through Green Lending
Coal-related Sub Project Exposure
0%
of Gross Advances