EQS-News

ProCredit group reaches key milestones in its comprehensive sustainability strategy in 2023 and defines further targets - Seite 2

 

Ethical and environmental considerations have been part of the ProCredit group’s DNA since its inception. This foundation has given rise to an integrated, comprehensive sustainability approach that is reflected in strict ecological and ethical requirements for the selection of clients, service providers, suppliers and other business partners.

 

With the inauguration of our own “ProEnergy” solar park to the electricity grid in Kosovo in July 2023, the ProCredit group took an important step towards achieving climate neutrality. The expected annual output of the photovoltaic system is 3,711 MWh and should make a significant contribution to offsetting future Scope 1 and Scope 2 emissions across the group to the greatest extent possible. In addition, nine ProCredit institutions are equipped with photovoltaic rooftop systems with a peak output of 466 kWp. The combined capacity of the photovoltaic projects financed by ProCredit amounts to 859 MW, enabling the group to contribute to the transition to sustainable energy in its countries of operation. Overall, more than 20% of the group’s portfolio is already geared towards supporting its clients in their energy efficiency, renewable energy and environmentally friendly investments. In the medium term, this share is to be increased to 25% of the portfolio.

 

A number of other initiatives contributed to the reduction of ProCredit’s ecological footprint in 2023 and thus reinforced the group’s sustainability strategy. The share of e-cars and hybrid plug-ins in our own vehicle fleet was increased from 52% in the previous year to 61% in 2023. In addition, ProCredit continued to maintain its publicly accessible e-charging network, whose stations are easy to find using the associated app. In 2023, ProCredit Bank Ukraine’s head office in Kyiv was awarded green building certification by EDGE, bringing the total number of head offices of ProCredit banks that have achieved this distinction to six. Furthermore, the ProCredit group was able to maintain its 100% recycling rate for paper waste and electronic waste in 2023.