Measures to Conserve Energy and Fuel in the Banking Sector

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Federal and Provincial Governments are taking a number of actions to address the prevailing energy situation in the country. In a similar bid, the State Bank of Pakistan (SBP) has taken a number of measures to conserve energy.

It is expected that the banking industry will also play its role for energy and fuel conservation. The banks may formulate a policy on “Work From Home (WFH)” whereby banks’ offices (other than branches) can observe, one/two days in every week, as WFH to achieve the intended objectives.

The banks may close all of its premises including branches at 7:00 pm or earlier and switch-off their electric supply except for any emergency use, call centers, monitoring of Alternative Delivery Channels (ADCs), back-ups and maintaining necessary electrical/ IT equipment. Moreover, the air-conditioners at ATMs vestibules may be used economically.

The electrically illuminated sign-boards of branches and other offices shall remain switched-off, at all times.

The banks are encouraged to hold their meetings (intra/inter-city etc.) virtually and also curtail their local as well as international travelling expenses.

The banks shall encourage their staff to pool their transportation for commuting to and from their respective offices and take any other measure(s) for reducing the commutation time of the bank staff.

 

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