KMBL is cognizant of its role as a key financial institution to promote environmental sustainability. It has a two-pronged approach towards environmental sustainability – promoting adoption of environmentally sustainable technologies and processes through its lending and investment decisions, and reducing the Bank’s own carbon footprint.
The Bank encourages customers to choose the option of e-statements for their credit cards. This eliminates wastage of paper resources and helps customers to store and retrieve statements electronically at their convenience. As token of appreciation for every customer who opts for an e-credit card statement, the Bank plants a sapling in partnership with Grow-Trees.com.
The Bank strictly adheres to RBI’s mandate on negative screening list for investments and checks for all relevant clearances on environment as part of project appraisal process before making lending decisions. KMBL has also established a Social Environmental Management System Plan (SEMSP) to evaluate the social and environmental risks of eligible borrowers for IFC Line of Credit. SEMSP guides the credit risk assessment team to evaluate the social and environmental risks as part of overall credit risk assessment.
The Bank has limited material environmental impacts and hence focuses primarily on building energy efficiency, data centre efficiency and resource (paper) optimisation as part of its internal green agenda. Since data centres are one of largest energy consumers, the Bank has optimised the Data Centres facility into a single facility in 2009 to leverage system efficiencies and exercise better control on their energy performance. Initiatives such as high and medium density server rooms, server virtualisation, server consolidation, cold aisle containment, managing optimal levels of inlet temperature, etc. have yielded good results to reduce the energy intensity of Data Centre and contribute towards environmental sustainability.
The Bank focuses on improving its office building efficiency to consume fewer resources and save more energy. The two corporate offices of the Bank - Kotak Infiniti, Malad (East) and 27BKC, which together have the maximum employee footprint, have incorporated green building features at the design stage itself. The Kotak Infiniti office has occupancy and day-light sensors, energy efficient chillers and CFL lighting solutions to reduce energy demand. Further, the Bank has made conscious efforts to switch to energy efficient LED lighting through phase-wise replacement of CFL lighting. Being a green building, the 27BKC office is pre-certified for LEED (Leadership in Energy and Environmental Design) Silver rating and is expected to get the final certification soon.
The fresh water intake is reduced at both office premises by recycling wastewater and reusing this treated water for toilet flushing and gardening. This is supplemented by efforts to harvest rainwater through rainwater collection tanks at both offices, and ground water recharge at BKC office. Furthermore, kitchen waste generated at these office premises is donated to a trust which composts it to use as manure.