ICICI Bank deploys atmospheric water generators across key offices
In a first-of-its-kind sustainability push by a major Indian bank, ICICI Bank has installed Atmospheric Water Generators (AWGs) across five of its key offices to produce potable drinking water directly from atmospheric moisture. The technology has a production capacity of 8,000 litres of fresh, mineralised water every day, catering to the hydration needs of nearly 4,200 employees in Mumbai, Bengaluru, Hyderabad, and two locations in Chennai.
The AWGs extract moisture from ambient air, convert it into water through a condensation process, and then pass it through multi-stage filtration and mineralisation to produce 100% microbe-free, safe drinking water. The units are designed to function year-round, operating in a wide range of temperatures (18°C to 45°C) and humidity levels (25% to 100%)— making them suitable across varied climatic zones.
'This initiative underscores our commitment to sustainability and reducing the environmental footprint of our operations,' said Soumendra Mattagajasingh, Group Chief Human Resources Officer at ICICI Bank. 'Our strategy follows the 4R principle: Reduce, Reuse, Recycle, and Responsible disposal. The atmosphere holds several times more fresh water in vapour form than all rivers combined. By tapping into this abundant natural resource, we reduce our dependence on packaged water and support our long-term ESG vision.'
A step towards carbon neutrality
The installation of AWGs is aligned with ICICI Bank's broader Environmental, Social and Governance (ESG) strategy. The bank has set an ambitious target to achieve carbon neutrality for Scope 1 and Scope 2 emissions by FY2032. Scope 1 emissions refer to direct emissions from sources owned or controlled by the bank, while Scope 2 emissions cover indirect emissions from purchased energy.
As of March 31, 2024, over 180 ICICI Bank sites, covering 4.95 million sq. ft., are certified by the Indian Green Building Council (IGBC). The bank's Bandra-Kurla Complex (BKC) service centre was declared a Net Zero Waste site in FY2024. Additionally, ICICI Bank quadrupled its renewable energy usage to 75.73 million kWh in FY2024 from the previous year.
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Outside its own facilities, the bank is actively contributing to community-driven environmental programmes. Since FY2022, ICICI Bank has planted 3.7 million trees and created a water harvesting capacity of 25.8 billion litres annually across schools and community water bodies.
Learn more about ICICI Bank's ESG initiatives:
www.icicibank.com/sustainability
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