IDBI Bank launches E-waste management policy

Odisha Sun Times Business Bureau
Mumbai/Bhubaneswar, July 20, 2014:

IDBI Bank, a responsible corporate citizen, has launched a robust E-waste (electronic waste) management policy.

Through this policy, IDBI Bank reaffirms its commitment to environmental protection by ensuring proper E-waste management.

IDBI Bank--621x414IDBI one of the first PSU banks in the country to script such a policy to contain the harmful effects of e-waste, defined as discarded computers, printers and accessories, network equipment, IT accessories and associated/other electrical items.

While unveiling the policy, MS Raghavan, CMD, IDBI Bank said, “All branches of IDBI Bank will henceforth dispose such e-waste through an empanelled vendor, who would need to be a dismantler/recycler registered with the State Pollution Control Board. Further, all IT procurement related RFQs/RFPs floated by the bank shall henceforth have a built-in clause for e-waste collection/buyback/disposal capability from any location of the bank on the part of the vendor. The policy is in keeping with the bank’s relentless pursuit of its ‘green mandate’ agenda in business operations.”

Each business unit of the bank would take steps to mandatorily ‘degauss’(purge) confidential data residing in the hardware and also keep a back-up, to the extent deemed essential, before disposal of the e-waste.

Besides, a proper record of all E-waste handed over to the vendor would be kept on record for possible scrutiny by delegated State authorities.

The bank will compile a panel of such eligible vendors and issuing operational guidelines to its constituent business units for facilitating an expeditious implementation of the policy very soon.

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