Punjab National Bank launches PNB Palaash initiative
An eight month period campaign to embrace sustainability and is in line with the RBI’s version of sustainable finance
Hyderabad: Punjab National Bank (PNB), nation’s leading public sector bank, launches an environmental initiative “PNB Palaash”, an eight-month period campaign to embrace sustainability, which shall lead to cost savings and operational efficiencies through measures such as energy and resource conservation, paper reduction, waste management and streamlined digital processes. The campaign is in line with the RBI’s vision of sustainable finance and the sixth iteration of enhanced access and service excellence (EASE 6.0), an initiative by Department of financial services (DFS).
Under this initiative, one lakh plus employees of PNB will plant minimum two saplings each. Some of the campaign themes under this project include digi branches, green data center, electrical vehicle finance, green project finance, recycling camps, tree plantation drive, paper conservation drive, energy conservation Olympics, paper conservation drive etc.
Acknowledging the need for integrating sustainability, Atul Kumar Goel, PNB MD & CEO, said, "As a leading bank in the industry, undertaking environmental friendly initiatives not only aligns with our corporate social responsibility but also presents significant opportunities for business growth. The primary objective of this project is to actively contribute to conservation endeavours, foster the adoption of sustainable practices, and promote active employee engagement.”