ENVIRONMENT
FULFILLING OUR RESPONSIBILITYTOWARDS THE PLANET
At SBI Life, we are cognisant of the existential challenges posed by climate change. We are, therefore, committed to further minimising our environmental footprint and have identified energy efficiency, water conservation, waste management and reduction in paper and plastic usage as key areas of intervention.
MATERIAL ISSUES
Environment protection
SOME OF THE PROMINENT INITIATIVES TOWARDS THE ENVIRONMENT
Our corporate office building is a green building, certified by Indian Green Building Council (IGBC) norms aimed at driving efficient use of natural resources and minimal waste generation.
We collect leftover over/unfinished potable water in big cans and use it to water plants and mop floors, In some offices, water recycled is roughly around 253 litres per month.
We have significantly reduced our paper usage by embracing online fund statements and digitalising on-boarding of customers and customer service requests.
We are reducing plastic usage across the entire organisation
97% of our new policies are sourced digitally, thus eliminating the usage of paper. By digitalising the proposal forms, we managed to reduce costs from C82 lakhs in FY18 to C13.5 lakhs in FY20.
Every year, we plant trees across different states , contribute to their maintenance and promote the use of renewable energy.
THE GREEN MARATHON 2019
We sponsored this event for the second year in a row, as part of the SBI Group. The event aims to create awareness about climate change and the imbalance in nature caused by our actions. We believe every individual can embrace a sustainable way of living and even the smallest acts can contribute towards building a greener society. Spanning five days, employees across the country participated in this event, which included diverse activities such as no-print day, pool a vehicle, recycle e-waste, adopt a green life and more.
