Potential offtaker

HDFC Bank Ltd.

www.hdfcbank.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

HDFC Bank Limited is a leading Indian financial institution that provides a wide range of banking and financial services to its customers. The bank is headquartered in Mumbai, Maharashtra, and operates through a network of branches and ATMs across the country. The bank has a strong presence in the retail banking sector and offers a range of products and services to its customers, including savings accounts, current accounts, loans, credit cards, and insurance.

As a responsible corporate citizen, HDFC Bank is committed to decarbonisation and reducing its carbon footprint. The bank has implemented several initiatives to reduce its energy consumption and promote the use of renewable energy. The bank has set a target to reduce its carbon emissions by 30% by 2030 and has taken several steps towards achieving this goal.

One of the key initiatives undertaken by HDFC Bank to reduce its carbon footprint is the implementation of corporate energy management programs. The bank has implemented energy-efficient technologies and practices across its branches and offices to reduce its energy consumption. The bank has also invested in energy-efficient lighting, HVAC systems, and other equipment to reduce its energy consumption.

In addition to implementing energy-efficient technologies, HDFC Bank has also adopted corporate power purchase agreements (PPAs) to promote the use of renewable energy. The bank has signed several PPAs with renewable energy companies to purchase renewable energy for its operations. These PPAs have helped the bank to reduce its carbon emissions and promote the use of clean energy.

HDFC Bank has also invested in renewable energy projects to promote the use of clean energy. The bank has invested in wind and solar power projects across the country to generate clean energy. These investments have not only helped the bank to reduce its carbon emissions but have also contributed to the growth of the renewable energy sector in India.

In addition to its efforts towards decarbonisation and promoting the use of renewable energy, HDFC Bank has also implemented several initiatives to promote sustainable development. The bank has implemented sustainable procurement practices and has set up a green procurement policy to promote the use of sustainable products and services. The bank has also implemented waste management practices to reduce its waste generation and promote recycling.

HDFC Bank has also undertaken several initiatives to promote financial inclusion and support the development of underserved communities. The bank has implemented several programs to provide financial literacy and education to its customers and has also launched several initiatives to support the development of rural areas. The bank has set up several branches in rural areas and has implemented several programs to promote entrepreneurship and support the development of small and medium-sized enterprises.

In conclusion, HDFC Bank Limited is a leading Indian financial institution that is committed to decarbonisation and reducing its carbon footprint. The bank has implemented several initiatives to reduce its energy consumption and promote the use of renewable energy. The bank has also undertaken several initiatives to promote sustainable development and support the development of underserved communities. HDFC Bank is a responsible corporate citizen that is committed to promoting sustainable development and contributing to the growth of the Indian economy.

✓ Declared Net Zero commitment