Hellenic Bank's Revised Strategy Aims for Net-Zero Carbon by 2050

Hellenic Bank's Revised Strategy Aims for Net-Zero Carbon by 2050

Focused on Environmental and Social Governance, the Bank Sets Ambitious Goals for ESG Performance and Community Impact

The Hellenic Bank's revised strategy aims to achieve net-zero carbon emissions by 2050, focusing on environmental and social corporate governance (ESG).

As announced by the bank, a key performance indicator will be the reduction of greenhouse gas emissions, aligning with the targets set by the Paris Agreement and the European Green Deal.

Regarding the second pillar, the future workforce development, the Bank emphasizes enhancing employees' education in ESG matters through specialized training seminars. Integrating ESG factors into the bank's culture is a critical lever for its sustainable success.

Moreover, the Bank prioritizes staff well-being, adopting specific initiatives and practices for balancing personal and professional life. Expanding inclusion and representation of diversity within the institution is another primary goal. Increasing diverse group participation in the Board of Directors and key positions are essential targets.

In enhancing the resilience and efficiency of banking services and products, the Bank's ESG Strategy includes strengthening frameworks and disclosures necessary for completing the action plan for climate and environmental risks. Additionally, the Bank seeks to enhance its ESG performance through improving its ESG rating and the Green Asset Ratio.

Regarding ecosystem sustainability support, the Bank invests in assisting its customers and investors in the green transition, bolstering green lending. Concurrently, it actively strives to maximize its positive impact on the community and environment, increasing the number of philanthropic and volunteer initiatives in which it and its staff participate.

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