ProCredit Group’s commitments
ProCredit Bank is committing to align its loan portfolio with net zero emissions by 2050 or earlier, in line with the Paris Climate Agreement. ProCredit Group has also set both short- and long-term emission reduction targets in accordance with the Science Based Targets initiative (SBTi).
Science Based Targets (SBTi)
The Science Based Targets initiative (SBTi) is a global organisation that enables companies to set science-based greenhouse gas reduction targets in line with the latest international agreements. It requires companies worldwide to cut emissions by half by 2030 and to reach net zero by 2050.
Net zero by 2050
As part of our Climate Action Strategy, we closely analyse the environmental impact of our operations and financial decisions. At Holding level, we have set the following short-term targets:
Direct
emissions
Base year: 2022
900 tonnes CO₂e
Key actions
Increasing the share of electric vehicles
Resource
consumption
Base year: 2022
3300 tonnes CO₂e
Key actions
Expanding the use of renewable electricity
Client
engagement
Base year: 2022
769 500 tonnes CO₂e
Key actions
Supporting clients in setting SBTi targets and financing their transition
Cooperation with clients
Together with SME clients in the markets where ProCredit Group operates, we act as pioneers in decarbonisation:
High-quality support in measuring CO₂ emissions
Supporting the setting of emission reduction targets in line with SBTi standards
Facilitating the shift to sustainable business practices through green loans
Partnership for Carbon Accounting Financials (PCAF)
To assess the carbon footprint of our loan portfolio, we use the PCAF (Partnership for Carbon Accounting Financials) standard. This international initiative provides banks with tools to measure and account for the carbon footprint of their financial assets. This enables the Bank to better understand the emissions generated by financed companies and identify ways to reduce their environmental impact.
GRI sustainability reporting system
The systematic approach to reporting proposed by the GRI (Global Reporting Initiative) helps improve sustainability strategy and ensures transparency with customers and investors. GRI promotes the use of a standardised framework for data collection and reporting, enabling companies to identify, gather and present information more efficiently in a clear and understandable format.
