Postbank built a photovoltaic power station for its own needs onthe roof of its Head Office building with a total installed capacity of 388kWp. The annual production of green energy is expected to reach 432 thousandkWh, and on days with intense sunshine, electricity produced by the stationwill cover at least 30% of the electricity consumed by the building for a day.The implementation of the large-scale photovoltaic project provides a number ofbenefits, allowing the company to further reduce its carbon footprint and, atthe same time, motivate employees to be more responsible. The idea for theproject was developed in line with Postbank’s ESG strategic vision, which setsout the main principles on which its corporate philosophy for development isbased, both in the immediate future and in the long term.
Protecting the environment, combating climate change and reducingthe carbon footprint are top priorities for Postbank. As a responsiblefinancial institution and a leading factor in innovations and the formation ofthe development directions of the sector in the country, the bank takes intoaccount the importance of environmental and climatic aspects of its activity inthe process of making key management decisions. The financial institutionbelieves that climate change and the associated challenges for the transitionto a low-carbon economy open up a wide range of opportunities that everyresponsible business must implement in its operations. The benefits of thenewly built solar panel park in Postbank’s Head Office building are remarkable- on an annual basis, the project enables the saving of about 173 t of coal inthe environment, the avoided carbon emissions would be about 205 t, and thetrees that should be planted for their processing are nearly 300.
“From our position as a leader in the banking sector in thecountry, we are aware of our important role to be active participants in thegreen transition on the road to sustainability. Over the past few years, wehave taken significant steps and implemented valuable initiatives to demonstrateour readiness to play our key role in the transition to a low-carbon andsustainable economy on the way to achieving long-term national and globalgoals. Team spirit, empathy and social responsibility unite us not only in ourdaily activities but also in our commitments to socially beneficial causes.Building green self-awareness is part of our corporate values, and that isexactly why our entire team makes continuous efforts and conscious actions onthe way to a green economy for the increase in the quality of our lives and forthe future of our planet,” Postbank commented.
Postbank implements its ESG strategic visionwith a focus on priorities that allow it to offer the best sustainableproducts, services, concepts and solutions. The institution emphasizes thesustainable impact of its operations, meets the demands of the market with aninnovative approach and, at the same time, closely monitors the ESG challengesfacing its activities.
Over the past 12 years, Postbank has achievedsignificant optimization of the resources it uses in its operations and hasimplemented numerous digital solutions and products, improving its carbonfootprint and significantly reducing the consumption of electricity, paper andwater. The financial institution is constantly renewing its fleet, havinginvested in more than 50 hybrid-powered cars last year alone, and expects a newserious addition of eco-cars this year. In parallel with the project for thenewly built photovoltaic power station for own needs on Postbank’s Head Officebuilding, the offices and premises in it, as well as in the branch networkthroughout the country, are in the process of complete renovation. Theinclusion of ecologically clean, recyclable materials in the improved bankingspaces, the installation of modern LED lighting, as well as the introduction ofthe latest generation of more efficient and environmentally friendly airconditioning systems are only part of Postbank’s sustainable actions on the wayto a green economy.
With a vision for the common future of theentire society and in support of its clients and partners, Postbank has a GreenBoard and an Environmental Office unit within its organizational structure.They work to protect the environment both in terms of limiting internalconsumption of resources and in relation to their financing activities. Theinstitution is a member of the United Nations Environment Programme FinanceInitiative and is the first and only bank in Bulgaria to join the Principlesfor Responsible Banking launched by this organization. In this way, the companygets access to resources, best practices and international expertise in thefield of ESG.
The financial institution also has a multi-layered corporatesocial responsibility policy, as every year, the bank, together with itsemployees, implements numerous green projects and invests in initiativesrelated to the promotion of education, sports and entrepreneurship in ourcountry. Its engagement in the field of environmentalprotection has repeatedly been distinguished in various competitions forsustainable initiatives, such as in the latest edition of b2b Media’s GreenestCompanies in Bulgaria 2023. Postbank won a prize in the “Leader in GreenInitiatives” category for its overall contribution to sustainable businessdevelopment and the building of green self-awareness.
More information about Postbank’s strategic vision andsustainable corporate policy, as well as on the institution’s multi-layered corporate socialresponsibility policy, can be found at www.postbank.bg.