Environmental policy of ProCredit Bank

Environmental policy of ProCredit Bank

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Management's declaration

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Environmental policy of ProCredit Bank

Promoting awareness of environmental protection and contributing to the mitigation of climate change have always been a concern for the ProCredit Group and they are a critical part of our business model – not only in relation to business operations, but also in our day-to-day work.

Ensuring that our economic development is green and sustainable is a central component of our development mission.

We set high standards regarding the social and environmental impact of our operations, and we make continuous efforts to raise the awareness of our staff, customers, counterparties, and the general public on environmental and social issues.

Thus, we conduct our business activities in a sustainable and ecological manner, which is why we adhere to the following key principles to continuously improve:

Identifying the environmental aspects and impact of our business activity;

The development and implementation of measures to mitigate our negative impact on the environment;

Using resources as efficiently as possible;

Ensuring compliance with relevant environmental and social legislation and international standards;

Raising awareness of environmental and social issues among our staff;

Minimizing the negative impact on the environment and of our lending operations;

Encouraging our clients to invest in an ecological manner;

Searching for suppliers that operate in accordance with environmental and social standards;

Engaging in conversations to positively influence the environmental and social impact of our suppliers' products and/or operations.

We achieve this by implementing a comprehensive and sustainable environmental management (EMS) aimed at improving the environmental impact of our activities. This fact is supported by the Environmental Management System, which applies to all operations and procedures within our headquarters, as well as within our branches. This is in accordance with the ISO 14001:2015 standard.

ISO 14001:2015 Certificate

This concern of ProCredit Bank is materialized into three major directions, structured on three main pillars.

1 Internal system for environmental management

2 Credit risk management in lending activities

3 ProEco Loans

The three pillars of ProCredit Bank’s environmental policy

Internal system for environmental management

The internal system for environmental management aims to optimize the internal environmental performance at the bank level, by investing in equipment used in the bank's locations that facilitate energy saving and by monitoring to reduce the consumption of paper, plastic materials or fuel.

Aspects related to environmental protection are an essential component of the personal and professional training offered to ProCredit Bank staff. The bank centrally monitors the consumption indicators for paper, electricity, fuel, domestic water, heat, in order to optimize their consumption, and of waste production (type, quantity and the possibility of recycling them). All this is monitored without impacting negatively the working conditions of the bank's employees and it has an immediate effect whenit comes to reducing our negative impact on the environment.

Moreover, in the process of selecting suppliers, the aim is to conclude partnerships with companies that apply the same principles. The ultimate goal of this approach is the purchase by the bank of equipment or solutions that are energy efficient, or that have a low impact on the environment (vehicles with low CO2 emissions, purchasing recycled paper, cleaning services that use ecological substances, etc.).

Credit risk management in lending activities

ProCredit Bank a implementat un sistem de administrare a riscului de mediu și social bazat pe evaluarea continuă a portofoliului de credite, în conformitate cu criteriile de mediu. Acesta reprezintă o analiză în profunzime a tuturor activităţilor economice care ar putea implica riscuri de mediu și sociale, precum şi respingerea cererilor de împrumut de la companiile implicate în activităţi care sunt considerate periculoase pentru mediul înconjurător şi societate, care apar pe lista de excludere a instituţiei noastre. Prin atenția acordată în procesul de aprobare a creditelor, ProCredit Bank dorește să crească gradul de conştientizare al clienților săi în ceea ce privește protejarea mediului si respectarea condiţiilor de muncă și sociale.

ProCredit Bank has implemented an environmental and social risk management system based on the continuous assessment of the loan portfolio, in accordance with environmental criteria. This system includes an in-depth analysis of all economic activities that could involve environmental and social risks, as well as the rejection of loan applications from companies involved in activities that are considered dangerous for the environment and society, which appear on the institution's exclusion list our. Through our credit approval due diligence, ProCredit Bank wants to increase our customers’ awareness regarding the protection of the environment and the respect for working and social conditions.

ProEco Loans

ProCredit Bank aims to promote economic development at the most sustainable level possible.

This is achieved through ProEco credits, this type of financing contributing to the performance of our clients' businesses. They focus on:

Energy efficiency – equipment that consumes less energy and/or resources, but produces the same quantity of finished products;
Renewable energies – electricity production systems from renewable sources, such as: solar, wind, biomass energy;
Environmental policies – investments that have a direct positive impact on the environment, for example: water treatment, soil protection, waste management and/or energy efficiency/renewable energy product/service providers.

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Internal system for environmental management

Credit risk management in lending activities

ProEco Loans