KVB donates electric vehicles, RO plants to SVIMS, Tirupati

Chennai: Karur Vysya Bank has donated five electric
vehicles and three RO water plants to Sri Venkateswara Institute
of Medical Sciences, Tirupati.
The total cost of the project is Rs. 70.73 lakhs and funded by the
bank as part of its CSR initiatives under environmental sustainability
and safe drinking water.
The donation will also fulfil the environment sustainability and
climate-related objectives under the bank’s Environmental, Social
and Governance (ESG) initiatives, a KVB release said here today.
The bank provided two 1000 LPH RO Plants, one 2000 LPH RO Plant,
nine Water dispenser units, four 11-seater electric bugg and one
14-seater electric buggy.
The vehicles and RO plant were handed over by KVB Chairperson
Dr. Meena Hemchandra and MD & CEO B Ramesh Babu to Ms Sada
Bhargavi, Joint Executive Officer, TTD and Dr. B Vengamma, Director
and Vice Chancellor, SVIMS.
The release said ESG practices are increasingly being used as a tool
to assess a corporate’s support for an orderly low-carbon transition.
Taking a broader perspective of this, KVB is implementing projects
that involve promoting integrated sustainable model villages.
This effort includes, augmenting water resources, strengthening
the green cover through urban forestry, promoting green livelihood
activities like organic cultivation, vermicomposting, etc., besides
green skilling and green enterprises promotion using locally available
resources.