EXIM Green Finance Framework: over €218 million in investments and doubled carbon dioxide savings

We have published our Green Finance Framework Report for 2024, which summarises the results and key indicators of our sustainability finance programme developed in line with Hungarian and international regulations. The report presents the impact and performance of investments related to the “E” pillar of our ESG strategy, according to which more than €218 million worth of investments were realized with our support, and we achieved nearly 80 million kilograms of carbon dioxide savings through green transactions.

With the establishment of our framework, which came into effect in 2022, our goal was to launch a Green Finance Program that aligns with the objectives set out in Hungary’s climate strategies and related support programs, encouraging the sustainability efforts of Hungarian companies. In developing the framework, we drew on our experience from recent years and supplemented and revised the processes. As a result, the range of activities that we can support and accept as green has expanded.

Our green finance report for 2022-2023, published last year, contained a number of important findings, which we have supplemented with new experiences and knowledge gained in the 2024 period:

• Our financing contributed to the implementation of investments exceeding EUR 218 million;
• Our green loan transactions resulted in carbon dioxide savings of approximately 79 million kg per year, which is more than double our previous year’s result.
• Similarly to 2022-2023, renewable energy generation transactions accounted for more than 80% of the green investments financed, of which solar panels represented more than 75%, while another significant component of the portfolio was a large-scale bioenergy investment.
• Some transactions focused on waste management, sustainable real estate development, and energy efficiency loans.
• The average size of loans requested increased compared to previous years.
• The vast majority of the transactions were carried out with the participation of Hungarian credit institutions in refinancing schemes.
• Nearly half of the clients operate in the manufacturing industry.

During 2024, the framework was expanded with additional lending targets, the amount of financing requests received approached EUR 100 million, and the composition of transactions became more diversified: in addition to renewable energy sources, the share of biomass and heat pump projects increased significantly, while energy efficiency investments became increasingly widespread in both the industrial and service sectors.

Through regular and transparent annual public reporting and the application of our Green Finance Framework, we contribute to the implementation of the “E” pillar of our ESG strategy, which aims to achieve measurable results based on sustainability key performance indicators (KPIs). Our Framework, adopted in 2021, continues to define green lending objectives, project evaluation and selection processes, and the rules for the use of financing resources.