The CO2 Emissions Calculator enables SMEs to overcome limited data availability through a straightforward model that supports businesses in quantifying emissions and identifying their primary sources. Calculations are available across eight economic sectors, including agriculture, manufacturing, trade, food industry, transport, and construction. The calculator is based on the GHG Protocol methodology and guidelines from the Intergovernmental Panel on Climate Change.

"SMEs are the backbone of our economy and have potential to drive climate action. By adopting low-carbon practices, they can reduce operational costs and improve resilience. With the CO2 Emissions Calculator, we provide them with the tools to future-proof their operations, lower costs, and make a contribution to climate targets," said Alexandra Floricică-Udrișțioiu, Head of Sustainable Development at Procredit Bank.

Procredit Group targets net-zero emissions by 2050 through a Climate Action Strategy aligned with the Paris Agreement. The Group has set near-term climate targets, validated by the Science Based Targets initiative. By 2030, the Group aims to reduce Scope 1 and Scope 2 emissions by 42%, using 2022 as the base year, while engaging SME clients, particularly in the agricultural and manufacturing sectors, to support the decarbonisation of their operations.

The CO2 Emissions Calculator offers insights that enable companies to strengthen relationships with partners by responding to ESG requirements, reduce costs and benchmark their performance against peers. This facilitates the identification of improvement areas and the development of decarbonisation strategies. Procredit Bank supports its clients through advisory services and provides financing for renewable energy projects and energy efficiency measures, including the modernisation of equipment, lighting, heating and cooling systems, and vehicle fleets.