CURRENT AFFAIRS

Detailed explanation-1: -Mumbai, June 3, 2021: HDFC Bank today announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption.

Detailed explanation-2: -With its determination to continue the phase-out of fossil fuels and build-out of green energy, Ørsted will see its emissions reduced by at least 98% by 2025.

Detailed explanation-3: -Unilever, Amazon and Toyota are few examples of companies who have committed to become carbon neutral by 2030, 2040 and 2050. As the time is ticking and the intensity of global warming growing, it is a moral imperative for every company to work towards carbon neutrality, irrespective of the nature and size of business.

Detailed explanation-4: -Since 2007, Google claims it has been carbon-neutral, meaning the tech company purchased the same quantity of carbon offsets and renewable energy to make the company’s net operational carbon emissions zero. (Although offsets are not rigorously enforced and do not always represent an actual reduction in emissions.)

Detailed explanation-5: -HDFC Bank has set a target to become carbon neutral by FY32. As part of this commitment, we have set a goal to plant 2.5 Million trees by FY25 and in fact being passionate the initiative, we’ve covered the half way mark on this.