Atmospheric Water Harvesting: ICICI Bank Takes the Lead
ICICI Bank has adopted advanced technology to create drinking water from atmospheric moisture as part of its effort to enhance sustainability. The bank has set up units to produce 8,000 liters of safe drinking water daily, benefiting 4,200 employees at five locations: one each in Bengaluru, Hyderabad, and Mumbai, and two in Chennai.
The units, called Atmospheric Water Generators (AWGs), use innovative technology to turn moisture in the air into clean, fresh drinking water that is free from microbes. The process involves condensing water vapor into droplets, followed by multiple filtration stages. Essential minerals are added afterward. These AWGs can function all year long under various temperatures (18°C-45°C) and humidity levels (25%-100%).
Mr. Soumendra Mattagajasingh, the Group Chief Human Resources Officer, mentioned the bank's commitment to sustainability to lessen its environmental impact. Their environmental strategy follows the 4R principle: reduce, reuse, recycle, and responsible disposal. It is estimated that atmospheric moisture contains much more fresh water than all rivers on Earth. The AWGs help reduce reliance on bottled water and utilize atmospheric moisture effectively.
ICICI Bank is actively pursuing sustainability under its ESG policy. It aims to achieve carbon neutrality in Scope 1 and Scope 2 emissions by fiscal 2032. As of March 31, 2024, over 180 of its sites received Indian Green Building Council certification. The bank aims to quadruple its renewable energy use and has planted millions of trees and developed significant water harvesting capacity since fiscal 2022.
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