Photo Credit: World Finance
The following excerpt on our client, People's Bank, was originally posted on World Finance.
What are some of the bank’s environmental sustainability efforts, and what have you achieved so far?
In 2016, the bank introduced the People’s Green Pulse, a comprehensive environmental sustainability policy that measures, manages and mitigates environmental impact.
Together with the Carbon Consulting Company, and based on a strategy that has the buy-in of a top-down approach spread across every division of the organisation, the bank has committed to reduce its greenhouse gas emissions through an extensive carbon management programme rolled out over three years.
Having conducted assessments aligned with global protocols and standards, the bank focused on energy, waste and increasing the efficiency of products, services and other resources. For example, the bank’s digitalisation process improves its waste management, given that it is paperless.
Additionally, People’s Bank launched its green banking concept, which offers concessionary lending to environmentally friendly business projects and promotes the digital banking drive.
It re-launched its young executive saver account, a paperless banking product, which has particularly appealed to Millennials who have a strong green consciousness. The bank is now working to achieve Carbon Conscious certification.