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Hellenic Bank Releases 2023 ESG Impact Report

sustainability esg

In 2023, Hellenic Bank made significant strides in environmental responsibility, reducing carbon emissions and advancing renewable energy use. The bank’s commitment to sustainability was highlighted through employee training, digital transformation, green loans issuance, and supporting environmental and social initiatives. Through initiatives like the Sustainable Bonds Issuance Framework, Hellenic Bank is setting the standard in sustainable finance and community impact.

What are the main highlights of Hellenic Bank’s 2023 ESG Impact Report?

  • Hellenic Bank integrated ESG Strategy into its Strategic Plan.
  • Achieved significant reduction in carbon emissions, with increased renewable energy use.
  • Over 2,540 hours dedicated to ESG and climate risk employee training.
  • 95% of transactions transitioned to digital platforms.
  • Issued €219 million in new green loans and contributed over €530,000 to environmental and social initiatives.
  • Launched a Sustainable Bonds Issuance Framework aligned with ICMA principles.

ESG Initiatives at the Forefront

The Hellenic Bank has proudly announced its latest achievements in environmental, social, and governance (ESG) pursuits as detailed in its 2023 ESG Impact Report. Reflecting its commitment to sustainable and green growth, the Bank has seamlessly integrated its comprehensive ESG Strategy into the core of its Strategic Plan. With the world’s eyes on corporate responsibility, Hellenic Bank sets an exemplary path with specific, measurable targets that span the full breadth of its operations.

In a responsible move towards a sustainable future, the Bank has strategically embraced the risks and opportunities that come with economic transition. The Board of Directors ratified this vision in November 2023 by approving the revised ESG Strategy. This pivotal strategy is built on four foundational pillars: Net Zero Bank; Workforce of the Future; Resilience and Performance; and Sustainable Ecosystem.

Achieving Net Zero and Empowering Employees

Transitioning to a net zero footprint, Hellenic Bank has taken significant strides in reducing its carbon emissions. In this vein, 2023 saw the Bank consume 51,544 kWh of power from renewable sources, complemented by a noteworthy 9% reduction in energy consumption. The installation of solar panels on two of the Bank’s buildings marks another step toward achieving its Net Zero goal.

The Bank recognizes that its workforce is central to its sustainability mission. Thus, a significant investment in employee development has been made, with over 2,540 hours dedicated to training staff on ESG principles, climate, and environmental risks. Empowerment talks, totaling more than 1,270 hours, further demonstrate the Bank’s commitment to nurturing a knowledgeable and responsible workforce. This endeavor is bolstered by the Bank’s issuance of a Human Rights statement, reinforcing its ethical standpoint.

Strengthening Resilience and Performance

Under the Resilience and Performance pillar, Hellenic Bank has secured an ESG rating, reaffirming its steadfast position in sustainability efforts. Embracing technological evolution, the Bank reports that a staggering 95% of all transactions have now moved to digital platforms—a testament to its adaptability and forward-thinking approach.

The Sustainable Ecosystem pillar is not left behind, with €219 million in new green loans issued in 2023. This financial dedication is amplified by a total contribution exceeding €530,000 to various environmental and social initiatives. The recognition of these efforts came with the prestigious ‘Golden Environmental Protector’ award. Furthermore, the Bank fortified its commitment to the environment by renewing its strategic partnership with the Karaiskakio Foundation.

Sustainable Finance and Community Impact

Highlighting its pledge to sustainability, Hellenic Bank introduced a Sustainable Bonds Issuance Framework in 2023. This initiative underlines the Bank’s role in fostering green, social, and sustainable lending practices. The funds generated from this bond issuance are earmarked for sustainable financing projects, ensuring meaningful and positive community and environmental outcomes. This framework draws inspiration from the Green Bond Principles and the Sustainability Bond Guidelines established by the International Capital Market Association (ICMA).

For those interested in delving deeper into Hellenic Bank’s sustainability endeavors, the full text of the Annual Sustainability Report can be accessed through the bank’s official communication channels.

What are the main highlights of Hellenic Bank’s 2023 ESG Impact Report?

  • Hellenic Bank integrated ESG Strategy into its Strategic Plan.
  • Achieved significant reduction in carbon emissions, with increased renewable energy use.
  • Over 2,540 hours dedicated to ESG and climate risk employee training.
  • 95% of transactions transitioned to digital platforms.
  • Issued €219 million in new green loans and contributed over €530,000 to environmental and social initiatives.
  • Launched a Sustainable Bonds Issuance Framework aligned with ICMA principles.

How has Hellenic Bank incorporated ESG initiatives into its core operations?

Hellenic Bank has seamlessly integrated its comprehensive ESG Strategy into the core of its Strategic Plan. The Bank has focused on achieving a net zero carbon footprint, empowering employees through training programs, and strengthening resilience and performance by transitioning to digital platforms and issuing green loans. They have also launched a Sustainable Bonds Issuance Framework aligned with ICMA principles.

What steps has Hellenic Bank taken to reduce carbon emissions and promote renewable energy use?

In 2023, Hellenic Bank made significant progress in reducing carbon emissions by consuming 51,544 kWh of power from renewable sources and achieving a 9% reduction in energy consumption. The bank also installed solar panels on two of its buildings to further reduce its carbon footprint. These initiatives are part of the Bank’s goal to achieve a net zero carbon footprint.

How is Hellenic Bank contributing to environmental and social initiatives?

Hellenic Bank issued €219 million in new green loans in 2023 and contributed over €530,000 to various environmental and social initiatives. The Bank has also renewed its strategic partnership with the Karaiskakio Foundation and received the ‘Golden Environmental Protector’ award for its dedication to sustainability. Additionally, Hellenic Bank launched a Sustainable Bonds Issuance Framework to fund sustainable financing projects aligned with ICMA principles.

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