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Climate change



We stand alogside our clients in the transition to a low-carbon economy

We engage our clients on climate-related risks and opportunities and provide financial solutions that support the decarbonization of the sectors in which they operate – strengthening business resilience and the entire value chain.

Our aspiration

Achieve net zero by 2050

Contribute to limiting global warming to 1.5°C, in line with the Paris Agreement, and achieve net zero carbon emissions in our credit portfolio by 2050.



Decarbonization of the credit portfolio

Our greatest climate impact comes from financed emissions – generated by the activities we support through credit and that are outside our direct operations. To move toward net zero, it is essential that the clients and economic sectors we finance also reduce their emissions.


We have measured these emissions since 2019 and set targets and positions for the most carbon-intensive sectors:

Coal

Power

Aluminum

Cement

Iron and Steel

Transportation

Real Estate

Agriculture

Oil and Gas

Learn more in our Climate Report

Operational emissions

We also reduce our direct impact, coming from branches, administrative buildings, and employee commuting, through initiatives to improve operational efficiency. Highlights:

Emissions offsetting

100% of operational emissions have been offset since 2019.

Renewable energy consumption

100% of our operations have been powered by energy from renewable sources since 2020.

Our reduction target

Reduce operational emissions by 50% by 2030.



Learn more about our climate agenda in our Climate Report and ESG Report



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