First report on our Green Finance Framework published

Our Green Finance Framework (hereinafter: GFF) report for the years 2022-2023 has been published, providing key data and indicators on the investments made under our sustainability financing programme elaborated on the basis of Hungarian and international regulatory frameworks.

In designing our framework issued in 2022, we aimed to create Green Finance Programmes to complement the targets set in the Hungarian climate strategies and related support programmes, thus encouraging development of Hungarian enterprises towards sustainability. An important milestone was the publication of our first report on the functioning of the framework, which contains a number of important findings about our activities:

• transactions focusing on renewable energy production accounted for more than 90%
• of the green transactions financed, with solar panel transactions representing more than 80% of the total;
• in addition to solar panel transactions, there were also biomass, waste heat and heat pump transactions;
• energy efficiency investments are represented by transactions focused on technology upgrades;
• we accepted and assessed projects involving a total loan amount of more than EUR 100 million;
• the transactions ranged widely in terms of loan amounts and EIIs;
• more than 90% of the transactions were realised through refinancing;
• nearly two thirds of clients operate in the manufacturing sector.

In 2021, we decided to establish a Green Finance Framework in line with international and Hungarian regulations as the basis of our sustainability financing programme. GFF defines – according to the relevant regulatory frameworks – the green loan objectives that can be financed, the evaluation and selection of eligible projects, the rules on the use of the loan proceeds, and the contents of the annual public reporting on the lending activities carried out in compliance with the GFF’s terms and conditions. We aim to achieve the objectives and sub-objectives of our ESG strategy by the end of the strategy period through actions measurable with key performance indicators (KPIs). GFF contributes to the strategic objectives of Pillar “E”.