The World Environment Day will also focus on the inclusion of ESG scores in credit decisions. The bank is also working on a roadmap for issuing green bonds.
Today is World Environment Day. Now the country’s industry is also moving forward to save the environment from the damage caused by climate change. Whether the country’s largest mining company Vedanta or the country’s largest private bank HDFC, they are all contributing in improving the environment in their own way.
Vedanta has said that it is launching a mega green cover initiative to commemorate World Environment Day. As part of the Vedanta Cares Green Cover initiative, which will be inaugurated by Vedanta Chairman Anil Agarwal, the company’s employees and business partners will be able to register on its microsite – Vedanta Cares Plantation Portal.
Vedanta’s unique initiative
With this initiative, the employees of the company will plant a sapling dedicated to their loved ones who have recovered from COVID-19. Vedanta said in a statement that more than one million saplings will be planted through the Vedanta Care Green Cover initiative, which will be planted at the company’s commercial locations. Earlier, the company had planted about 1.2 lakh saplings in 2020-21.
HDFC’s focus on electric vehicles
The country’s largest private bank HDFC announced plans to become carbon neutral by 2031-32. Under this initiative, the bank is looking to reduce its emissions, energy and water consumption. Will continue to include and increase the use of energy.
low interest rate loan
As part of its ESG (Environmental, Social and Governance) strategy, the bank will also focus on lending for green products such as electric vehicles at low interest rates and incorporate ESG scores in its credit decisions. The bank is also working on a roadmap for issuing green bonds. The announcement, made just ahead of World Environment Day on June 5, is a part of the bank’s overall commitment to inculcating ESG principles in its business.
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