The Hellenic Bank is currently finalizing its Sustainable Financing Framework, which involves issuing bonds based on the principles of Green Bonds by the International Capital Market Association (ICMA) and the Sustainability Bond Guidelines (SBG). Through this initiative, the bank aims to secure a minimum of €200 million in funding by the end of 2025.

In its recently released sustainability report for 2022, the Hellenic Bank highlights several achievements. It successfully obtained €177 million in new green lending last year and managed to reduce annual energy consumption by 6.5%. Additionally, 90% of the bank's transactions were conducted digitally, demonstrating its commitment to embracing technology. The bank also placed significant emphasis on employee training, focusing on environmental, social, and corporate governance (ESG) topics.

Recognizing the risks and opportunities associated with transitioning to a more sustainable economy, the Hellenic Bank adopts a strategic approach to sustainability and ESG matters. In December 2022, the bank's Board of Directors approved a new ESG Strategy, taking into account European and local strategies, the competitive landscape, evolving regulatory frameworks, and materiality analysis.

The new ESG strategy is built upon four pillars. The first pillar is Energy Efficiency and Net Carbon Zero, aiming to allocate 5% or more of total automotive loans to "green vehicles," grant "green" housing loans equal to or exceeding 55% of total housing loans, provide loans for renewable energy sources of at least €10 million or more annually, and issue "green bonds" worth a minimum of €200 million by 2025.

Under the second pillar, Future Workforce, the bank focuses on developing a resilient and skilled workforce to meet the demands of the future. Additionally, the bank aims to secure its first ESG rating by the end of 2023 and improve that rating by 2025, demonstrating its commitment to Resilience and Performance.

Lastly, the bank recognizes the importance of a Sustainable Ecosystem. By promoting initiatives that contribute to a sustainable environment and society, the bank aims to create a positive impact beyond its own operations. This includes supporting projects and investments that align with sustainability goals and partnering with stakeholders to drive positive change.

The Hellenic Bank's comprehensive approach to sustainability and ESG demonstrates its commitment to responsible banking practices and its ambition to contribute to a more sustainable future. By aligning its strategies and operations with these principles, the bank aims to play a proactive role in addressing environmental and social challenges while creating long-term value for its stakeholders.