Finance | 5 April, 2024 at 7:00 AM
BRD and IFC to boost sustainable finance in Romania
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
BRD Groupe Société Générale, in cooperation with Eldrive Romania, started this month the first phase of a pilot project to install charging stations for electric cars at the branches in Galati and Timișoara.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
On International Climate Emergency Day (22 July), the Climate Change Summit (CCS), the largest event in Central and Eastern Europe dedicated to addressing the challenges of climate change, presented the carbon footprint report of its first edition in 2022.
BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.
BRD announced that the value of new sustainable financing transactions made in 2022 reached €215 million.
The company is working to advance its sustainability commitments in the four focus areas of sustainable innovation, climate, biodiversity, and inclusion, diversity and equity.
Greenhouse gas emissions generated by the European Union's economy totaled 897 million tonnes of CO2 equivalent in the fourth quarter of 2023.
Visual Fan Company announced that it has signed a contract with Constanta Shipyard to install a 3.2 MWp photovoltaic plant.
EU is taking substantial measures to strengthen firefighting efforts and protect communities by deploying firefighters strategically and assembling a fleet of firefighting aircraft.
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