October 04, 2018

SBI to become 1st Plastic Free Bank

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As part of Bank's sustainability commitment, India's largest lender State Bank of India (SBI) has announced that it is going to be plastic free organization. This announcement came on the occasion of Mahatma Gandhi's birth anniversary. This major initiative by SBI is in sync with the Hon’ble Prime Minister’s Swachh Bharat Abhiyaan and the national commitment to abolish single use plastic by the year 2022.

In the next 12 months, SBI will be undertaking phase wise steps to become plastic free. PET water
bottles will be replaced with water dispensers at all its offices and meetings. The Bank will also start using standardised paper folders replacing the plastic ones. When it comes to food and hygiene, SBI would replace single use plastic cutleries and containers in its canteens with those made from biodegradable substances.

Recently, the bank has bought its 1st electric vehicle and has announced that it will migrate 100% into electric vehicles by 2030.

SBI is the first among the Public sector banks to develop a sustainability roadmap for its operations across India. From measuring and taking steps to reduce its energy, water, paper consumption and waste generation, the Bank has taken several initiatives for improving its environmental footprint. SBI has been creating awareness amongst its staff members on plastic pollution, its ill effects and imbibing simple avoidable measures to restrict it further.