MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY 1 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY Energy efficiency is key for climate change over €3 billion have been committed to SEFFs, action as well as for sustainable development. resulting in over 95,000 loans. It is expected to bring half of all emissions reductions needed to reach a peak in For the last 20 years, the United Nations greenhouse gas emissions by 2020 and stay Environment Programme Finance Initiative within a 2°C global average temperature (UNEP FI), the global partnership between increase scenario. It brings multiple benefits the United Nations Environment Programme such as improved resource efficiency and and the financial sector, has supported its industrial productivity, strengthened energy members, banks, investors and insurers in security as well as better health and wellbeing developing sustainable finance. Banks in conditions. However, a lack of visibility and particular have consistently worked with UNEP clear focus on energy efficiency, together FI through capacity building and exchange, and with underinvestment, have left most of this now moving from awareness raising and risk potential untapped. reduction towards the development of positive impact finance, where energy efficiency will be Bridging the energy efficiency finance gap part of pilot projects. will require policy-makers to address barriers and stimulate energy efficiency investments Endorsement of the “Statement by Financial through supportive policy frameworks Institutions on Energy Efficiency Finance” and financial institutions to channel more followed the EBRD’s initiative and cooperation capital flows for energy efficiency. Financial with the UN SE4All Energy Efficiency institutions play a key role in structuring Accelerator. This effort was coordinated with financing products for energy efficiency and UNEP FI, which included additional banks as providing marketing and distribution capacity part of the work developed for the G20 Energy to reach customers including SMEs, the retail Efficiency Finance Task Group. sector, large corporates and households. Since its launch at the Energy Efficiency The European Bank for Reconstruction and Finance Forum in Istanbul in September Development (EBRD) has been actively 2015, financial institutions from 42 countries supporting local financial institutions to have endorsed the statement. Many have develop their energy efficiency financing provided additional individual statements activity through its Sustainable Energy to pledge their support for energy efficiency Financing Facilities (SEFFs). SEFFs provide long finance. In the run-up to COP21 in Paris, term funding and technical assistance to their this initiative demonstrates that financial clients in an integrated way. Today, the EBRD institutions are integrating energy efficiency works with over 100 financial institutions, into their business operations and that reaching over 1,000 enterprises and 15,000 continued support for their activities is critical households annually in this area. Since 2006, in addressing climate change.

Josué Tanaka Annie Degen Managing Director Energy Efficiency Coordinator Energy Efficiency and Climate UNEP FI Change, EBRD

1 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 2 STATEMENT BY UNITED NATIONS SUSTAINABLE ENERGY FOR ALL INITIATIVE

Energy efficiency – getting more from According to SE4All Sustainable Energy Finance our limited resources through improved report, US$ 560 billion of investments are technologies and practices – contributes to required by 2020 in order to achieve the SE4All more profitable business operations, cheaper goal of doubling the global rate of improvement and more plentiful energy for households, of energy efficiency. The current level of growing economies for countries, a cleaner investments is estimated at US$ 130 billion environment and reduced carbon emissions. (2015) implying significant additional This is true across the globe, whether in Africa, investment requirements for that goal. where the savings from energy efficiency could help make modern energy services available The SE4All Energy Efficiency Finance to those who lack it, or in more industrialized Accelerator (EEFA) is reaching out to financial countries, where investments in lower energy institutions committed to support the scaling intensity can create new jobs, foster economic up of energy efficiency in their jurisdictions with growth and reduce energy costs for families and a focus on creating a major impact particularly businesses. during the 2016-20 period. The target for 2015 is to obtain commitment from some 100 The Sustainable Energy for All (SE4All) initiative financial institutions to join the finance to is a partnership between governments, the energy efficiency scaling up effort by COP21. private sector and civil society launched by the The European Bank for Reconstruction and UN Secretary-General in 2011 with the Development (EBRD), a major actor in the following three interlinked objectives to be energy efficiency field, has been working in achieved by 2030: partnership with United Nations Environment Programme Finance Initiative (UNEP FI), the • ensure universal access to modern energy global partnership between UNEP and the services private financial sector on sustainable finance, to jointly mobilize financial institutions to • double the global rate of improvement in support SE4All’s energy efficiency goals, and in energy efficiency the context of recent G20 work dedicated to energy efficiency finance. • double the share of renewable energy in the global energy mix.

3 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY STATEMENT BY FINANCIAL INSTITUTIONS ON ENERGY EFFICIENCY FINANCE

We, the Alliance of Energy Efficiency Financing Institutions:

• acknowledge that the financial sector is uniquely placed to channel finance to activities that promote energy efficiency

• understand there are many unaddressed energy efficiency financing opportunities in our markets

• are already providing finance to support our clients with energy efficiency investments

• will actively contribute to scaling up energy efficiency financing

• without taking on undue burden, are willing to work towards tracking our deployment of energy efficiency finance

• recognise the need to further embed energy efficiency investment principles into the way in which we engage with our clients

• have a special interest in guiding our clients towards best practice financing decisions, including on modernisation and competitiveness strategies that instil enhanced energy efficiency

• are willing to work with institutional and public financiers seeking to deploy climate finance to our clients

• welcome the opportunity to share our experiences and acquire knowledge of successful business strategies for integrating energy efficiency across our financing operations.

3 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 4 THE STATEMENT IS ENDORSED BY THE FOLLOWING FINANCIAL INSTITUTIONS

ABN AMRO Netherlands ACBA - Credit Agricole Bank Armenia ACCESSBANK Azerbaijan Agjencioni Per Financim NE Kosove (AFK) Kosovo AKBank Turkey Ameriabank Armenia Armswissbank Armenia ASN Bank Netherlands Bai Tushum & Partners Kyrgyz Republic Banamex Mexico Bancolombia Colombia Bancompartir Colombia Bank Eskhata Tajikistan Bank Millennium Poland Bank of Georgia Georgia Bank of India India Bank of Valletta Malta Bank Republic Georgia Basisbank Georgia BBVA Spain Belgazprombank Belarus Belvnesheconombank Belarus BMCE Bank of Africa Morroco BNP Paribas France Bpifrance France BPS-SBERBank Belarus BRAC Bank Limited Bangladesh BRD - Groupe Societe Generale Romania CASA DE Economii SI Consemnatiuni Romania CenterInvest Bank Russia CIBanco Mexico

5 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY THE STATEMENT IS ENDORSED BY THE FOLLOWING FINANCIAL INSTITUTIONS

Connecticut Green Bank United States of America Crédit Agricole France Crédit Coopératif France Crédit Foncier France CREDO Georgia Daegu Bank South Korea Demirbank Azerbaijan Demir Kyrgyz International Bank Kyrgyz Republic DenizBank Turkey Desjardins Group Canada EcoBank Togo Erste & Steiermarkische Bank Croatia Eurobank Greece Firstrand South Africa Garanti Bankasi Turkey Garanti Leasing Turkey Halkbank Skopje FYR Macedonia Hana Bank South Korea HSBC Bank Armenia Armenia Humo MDO Tajikistan Imon International Tajikistan Industrial Bank China ING Group Netherlands Kyrgyz Investment and Credit Bank Kyrgyz Republic La Banque Postale France Megabank Ukraine Microinvest Moldova Minsk Transit Bank Belarus Mobiasbanca Moldova Moldindconbank Moldova Moldova Agroindbank Moldova Mutualista Pichincha Ecuador

5 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 6 National Bank of Egypt Egypt NLB Tutunska Banka FYR Macedonia NRW Bank Germany Ohridska Banka FYR Macedonia OTP Bank Romania Romania Piraeus Bank Greece Procredit Group Regional Raiffeisen Bank Aval Ukraine Raiffeisen Bank Bosnia and Herzegovina Raiffeisen Bank Romania SEF International Universal C.predit Organization Armenia Şekerbank Turkey Shinhan Bank South Korea Slovenska Sporitelna Slovak Republic Societe Generale France Societe Generale Banka Beograd Serbia State Export Import Bank of Ukraine Ukraine Sudameris Bank Paraguay Sumitomo Mitsui Trust Holdings Japan Tatra banka Slovak Republic Triodos Bank Netherlands TuranBank Azerbaijan Türkiye İş Bankası Turkey Türkiye Sinai Kalkinma Bankasi Turkey UK Green Investment Bank United Kingdom Ukrsibbank Ukraine Unibank Commercial Bank Azerbaijan Unicredit Bank Mostar Bosnia and Herzegovina Unicreditbank Serbia Unicredit Bulbank Bulgaria Unicredit Tiriac Banka Romania United Bulgarian Bank Bulgaria Vakiflar Bankasi Turkey VTB Georgia Georgia Xac Bank Mongolia Yapı ve Kredi Bankasi Turkey YES Bank India Zagrebacka Banka Croatia

7 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY THE IMPLEMENTATION OF ENERGY EFFICIENCY FINANCE BENEFITS FROM THE SUPPORT OF THE FOLLOWING INSTITUTIONS

Climate Investment Funds while also helping build capacity of financial The Climate Investment Funds’ Clean institutions to better understand the benefits Technology Fund is strongly supportive of the and low-risk of energy efficiency investments. financial institutions’ joint statement made at the Energy Efficiency Finance Forum in Istanbul Regional Center for Renewable Energy in 2015. We believe this will support further the and Energy Efficiency (RCREEE) transformation of lending markets to focus more RCREEE strongly supports the financial strongly on energy efficiency finance. The EBRD institutions’ joint statement on energy efficiency has been at the forefront of our partners in the finance made at the Energy Efficiency Finance Clean Technology Fund in lending money to banks Forum in Istanbul in 2015. for the creation of energy efficiency credit lines that have brought considerable benefit to enterprises Since its inception in 2008, RCREEE’s purpose and households. The proposed joint statement has been to enable and facilitate widespread is distilling this experience into a set of ideas that sustainable energy practices in the Arab region. we would welcome to be shared and applied Throughout its 17 Member States, RCREEE more widely in order to increase the availability of promotes strategies and partnerships for energy efficiency finance to SMEs and households, untapping the vast energy efficiency potential thereby helping to mitigate climate change. and opportunities across all sectors in the region. RCREEE pursues its mission by identifying energy Global Environment Facility (GEF) efficiency opportunities, providing technical Meeting growing energy demands alongside the assistance to Member States in energy efficiency spectre of dangerous climate change is one of planning, building capacity from the ministry-level the greatest development challenges of our time. to the Arab youth, and by teaming up with the It’s imperative that all countries transition to private sector to kickstart energy efficiency pilot clean and sustainable energy systems, focused projects and financing in the region. By means on energy efficiency and renewable energy. For of the Center’s regional grounding and political this reason, the GEF supports the vision and mandate, wide multi-stakeholder network, commitment of the Alliance of Energy Efficiency solid institutional capacity and sound regional Financing Institutions and their joint statement. understanding, RCREEE is fully committed to The role for financial institutions at all levels is enabling energy efficiency as a core strategy critical to accelerating investments in energy to the Arab region’s market opening, economic efficiency technologies that can help address diversification and sustainable economic growth. climate change. The GEF will continue to inspire innovative approaches for blended finance

7 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 8 INDIVIDUAL STATEMENTS BY FINANCIAL INSTITUTIONS ON ENERGY EFFICIENCY FINANCE

AKBANK Our lending team is very keen to further promote the initiative with its clientele en route Akbank is fully committed to supporting the to energy efficient, hence environmentally transition to a low-carbon economy for a more cleaner investments. sustainable environment and an inhabitable We highly appreciate our role and responsibility world. We leverage our client relationships in being one of the EBRD’s EE ambassadors in and seize opportunities to make a positive Armenia, aiming to enhance the awareness for contribution to that end. We have developed energy efficiency and use the gained skills in products and services that support clients’ sustainable energy lending. energy efficiency projects. As Akbank, we have partnered with IFIs such as the EBRD, IFC and ARMSWISSBANK OPIC since 2010 to promote Energy Efficiency We endorse the joint statement issued at the and Renewable Loans and raised over US$ 40 Energy Efficiency Finance Forum in Istanbul. million of funds. We will continue to address We also aim to stimulate energy efficiency energy efficiency issue, work to scale up finance investments in our activities. In order to raise for energy-efficient investments and provide awareness among businesses, the Bank financing to support low-carbon economy. organizes meetings with existing and potential clients to inform them about energy efficiency AMERIABANK lending and the advantages of these products. Ameriabank is one of the first financial We also offer lower interest rates for these type institutions in Armenia that signed an agreement of energy investments, as opposed to other with the EBRD to finance energy efficient and investments. To demonstrate that we are a renewable energy financing projects in the Bank that makes real lending investments in Republic of Armenia. the economy, we also look for opportunities for The newly evolved scope of cooperation energy efficiency lending in start-up businesses. contributes to the development of the clean energy sector, while ensuring efficient use of energy amongst the industrial and residential BANAMEX sector clients. It helps in promoting energy Banamex has a long history of commitment with efficiency investment initiatives in Armenia. the creation of solutions that benefit people and Ameriabank has already implemented a communities, as well as with the reduction of the number of successful sub-projects in the environmental impact of our operations. As part scope of EE financing. It is worth mentioning of the financial sector, Banamex’s Sustainability that the incentive payments designed by the Strategy includes the task of financing and EBRD and funded by donors are an efficient investing activities that mitigate the impact tool to motivate companies to share the global of climate change, as well as the promotion environmental goals. of renewable energy and energy efficiency financing. 9 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY BANCA TRANSILVANIA projects through the JESSICA fund, together with Banca Transilvania believes in supporting F.I.D.A.E. In this context, we finance improved environmental and climate change initiatives energy efficiency for companies, commercial and we are pleased to endorse the Financial buildings and local governments with a focus on Institutions’ Statement of Intent on Energy streets and building lighting. Efficiency, which is entirely in line with our position on the matter. BT is firmly committed BMCE BANK OF AFRICA to protecting the environment and is already BMCE Bank Of Africa is proud to be a member offering support to energy efficiency investments of the alliance launched by the first Energy and projects, but we do acknowledge and Efficiency Financing Forum of EBRD and UNEP FI understand the need for increased efforts and in Istanbul. With a commitment to sustainable more substantial results, which is why we trust development dating back to its privatization in that the joint efforts and shared experiences 1995, BMCE is celebrating the 20th Anniversary of public and private financiers and partners of the creation of its Foundation for Education will actively contribute to raising awareness and Environment this year. and achieving the UN proposed global rate of improvement in energy efficiency by 2030. In its journey towards sustainable finance, BMCE Bank Of Africa, became the first African signatory BANK OF VALLETTA of the UNEP FI in 2000. Guided by a systemic In line with Bank of Valletta’s vision to position integrated approach to sustainability, the bank itself as the Green Bank in Malta and reduce set up social and environmental management its impact on the environment, the Bank has systems – SEMS since 2008 and SME in 2011 developed a number of tailor made lending – to mitigate risks and its direct and indirect products to assist individuals as well as impacts. This approach enabled the Bank to corporate clients keen on investing in projects adopt the Equator Principles in 2010. Through that reduce their carbon footprint. Concurrently its environmental policy, BMCE Bank of Africa the Bank has continued to invest in renewable addresses Energy Efficiency and sustainable and energy efficiency initiatives resulting in a construction, guiding actions leading to ISO

reduction of over 887,000kg of CO2 emissions 14001 and HQE certifications. The latter are per year. being reinforced with the recent launch of ISO 50001 and carbon footprint projects. BBVA As a responsible bank, BBVA has been selected In terms of financing Energy Efficiency and by the European Investment Bank (EIB) in 2013 Renewable Energy, the bank has emphasized to manage and finance sustainable energy solutions integrating advisory services and

9 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 10 technical support. Starting with “Energico” in CEC Bank SA, the only state owned Romanian 2012, BMCE Bank developed “Cap Energy” universal commercial bank, remains committed as the first partner of MorSEFF in the region to further support new energy efficiency this year, with EBRD and its partners EIB, investments by Romanian companies in AfD and KfW. Today, BMCE Bank of Africa, accordance with the strategy of the EBRD, with a presence in 30 countries, reaffirms its in order to acquire successful business and commitment to sustainability and positive improve environment protection. impact finance, including energy efficiency. CI BANCO BNP PARIBAS CI Banco is the only bank in Mexico financing Given that energy efficiency has a major families to install solar panels at their house, and role to play in overall efforts to reduce GHG consume sustainable energy. emissions, BNP Paribas is to significantly step up its initiative in this field. The Group will CREDIT AGRICOLE further expand the offers already available to Credit Agricole has to be useful to its customers, individual customers for the purpose of making territories and to the economy it supports. Our home energy efficiency improvements, both job requires us to be a driver, particularly in the through loan plans plus dedicated services and transition to a more responsible and low carbon through partnerships with equipment suppliers economy. and installation providers. BNP Paribas also intends to increase its support for companies DEMIRBANK which devote a significant part of their business DemirBank started financing renewable activities to finding solutions for reducing energy and energy efficiency projects with energy consumption. the support of the EBRD under the Caucasus Energy Efficiency Programme (CEEP) in 2014. CASA DE ECONOMII SI By offering this innovative product to its wide CONSEMNATIUNI customer base, the bank aimed to capture Shortly after Romania’s accession to the EU, and the multiple benefits of the sector that largely in line with the government’s policy priorities, remained untouched in Azerbaijan. Starting CEC Bank expanded its lending business by from the first quarter of this year DemirBank extending its commercial lending for energy has granted loans to almost 100 customers efficiency investments, with a view to supporting that helped them to address the challenges of the sustainable development of the country. high energy prices, energy security, air pollution, etc. DemirBank continuously works with their Upon entering the Energy Efficiency Finance customers to raise the level of their energy Facility Agreement with the EBRD in early 2008, efficiency awareness and empower them to over 15 such projects were financed by our bank make more informed decisions. in sectors such as agriculture, manufacturing, and services. As a result, the beneficiaries ECOBANK marked important energy savings translated Across its geographic footprint in 36 African in reduced energy expenditure, improved countries, Ecobank remains interested in production and capacity utilization. exploring opportunity in energy efficiency

11 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY financing as an innovative impact banking seek ways in which we can develop innovative product, because it is good for the environment, financial products to address the plethora business, social livelihood and economic of opportunities that successful energy development. management present to our clients. In recent months FirstRand has been focusing on energy ERSTE & STEIERMARKISCHE BANK efficiency financing and alternative energy One of the main strategic guidelines of Erste solutions, in close collaboration with our SME Bank is the intense focus on quality projects clients in business and in our agriculture sector, which encourage long-term and sustainable initially as a direct result of the energy crisis in development of entrepreneurship in the energy South Africa which has negatively impacted on sector, employment growth and improving various business activities, but going forward, in environmental protection. Erste Bank has ensuring the businesses that we finance remain recognized the energy industry as one of the resilient and sustainable in the future. focus industries, which through its financial products and services can help in boosting the GARANTI BANKASI competitiveness and sustainability of the energy As climate change continues to be one of the sector. We want to support our clients in their most material risks affecting the communities efforts for effective and responsible business across the world, we have been contributing through both our programs and cooperation to energy efficiency efforts, which help with international financial institutions. Having drive significant amounts of greenhouse that in mind we continuously develop internal reduction and support Turkey’s transition to capacity to support all client segments that we a more sustainable economy, through the finance. Starting with the professional support following activities. through a team of specialists with high expertise and knowledge in the energy industry to the Promoting energy efficiency through specific credit offers such as eco loans that are sustainable banking practices: especially designed for both energy efficiency • Garanti views energy efficiency and the and use of renewable energy sources. Erste use of renewable sources in industrial and Bank will continue to support the objectives of manufacturing operations as well as in the EU in this area through internal awareness buildings a significant opportunity to cut of the importance of energy efficiency, educating Scope 1 and 2 emissions of its customers. its clients through a team of specialists and Garanti therefore provided loans to small financing positive examples in the area of and medium sized EE and RE projects energy efficiency, and thus contribute to the through Turkey Sustain able Energy implementation of the given strategy. Financing Facility (TurSEFF) and Mid-Sized Sustainable Energy Financing Facility FIRSTRAND (MidSEFF), both of which are supported by FirstRand is dedicated to the promotion of the European Bank for Reconstruction and energy efficiency, both in our own operations Development (EBRD) and the European and to our clients. We have been providing Investment Bank (EIB). financial support in the form of niche eco-loans for a number of years and we continuously

11 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 12 • Garanti has a 35% share in Turkey’s total • Garanti is also targeting supplier contracts installed windpower capacity among all representing 50% of total procurement banks (The share goes up to 52% among to include specific provisions regarding Turkish banks). compliance with Garanti Bank’s EMS by the end of 2016. • While 66% of all transactions were executed through digital channels in 2004, this ratio • Garanti has been implementing an reached 85% in 2014. The number of our internal communications strategy and mobile banking customers expanded by training program for sustainability 84% in the twelve months to end 2014. since 2012, and enables all employees These delivery channels greatly reduce to submit recommendations about energy and other resources associated to increasing the environmental performance road transport while enhancing customer of the Bank’s opera. These programs allow satisfaction. us to embed sustainable practices such as energy savings in our employees’ daily life. Improving the energy efficiency of our own operations: Expanding energy efficiency practices to a broader community: • 70% of our employees in Turkey are working at IS014001 certified buildings. The • Garanti is a board member and also the coverage of our Environmental Management Head of Sustainable Finance Committee of System (EMS) will increase to 100% by the Turkish Green Building Council (TGBC) which end of 2015. is the only association in Turkey to promote green, energy efficient buildings. • Garanti is the in Turkey to receive a Green Office diploma from WWF Turkey. • Garanti has contributed to the forming of a new initiative called the Manifesto for Energy • Garanti is building its Pendik Technology Efficiency in Buildings which was developed Campus under LEED Gold criteria. According by the Business Council for Sustainable to the US Green Building Council, LEED Development in Turkey. As a board member buildings typically save 18-39% of total to TBCSD, Garanti is also one of the first energy use than comparable buildings. signatories of the Manifesto. Garanti is also working on a project in order to certify its Zincirlikuyu Head Office • With an aim of promoting sustainable according to LEED criteria for existing finance in Turkey, Garanti has supported the buildings. following events in several ways:

• In light of these efforts, Garanti achieved a. an Environmental and Social Risk 10% reduction in total energy consumption Assessment training jointly with UNEP-FI; and 12% reduction in total energy consumption per employee in 2014, b. a Sustainable Finance Conference compared to 2013 baseline. together with UN Global Compact, UNEP-

13 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY FI and the Turkish Business Council for HALKBANK SKOPJE Sustainable Development (TBCSD); in Halkbank AD Skopje supports local businesses 2013, 2014 and 2015; and households with loans for investments in projects with an EE component through credit c. a Sustainable Finance Event for senior lines from the EBRD’s WeBSEFF and GGF. representatives of financial sector in collaboration with TBCSD, and; The main objective of these projects is to increase energy efficiency, decrease energy d. an event called “Sustainable Financial costs, reduce HFO and LFO consumption, Innovation and Leadership Workshop reduce of natural gas consumption and O&M

Series: Environmental & Social Risk costs as well as CO2 emissions and to bring Management” organized by Bogazi environmental, health, safety and quality University Lifelong Learning Center and standards to the level of EU requirements. The Responsible Network projects helped Macedonian companies become in 2015. more energy efficient, easing their access to the EU market and to Macedonian households to As Garanti, we are committed to continue increase their EE awareness. supporting energy efficiency efforts throughout our entire value chain and increasing the value Using the Halkbank’s EE loans for a total amount we provide for all our stakeholders moving of €8 million, 71 companies and more than forward. 1,200 households have a total energy saving of 28.733 MWh per year, and a total saving of

GARANTI LEASING CO2of 12.370 t per year. We are aware of the material risks affecting the communities across the world and recognize Halk Bank takes operations in EE sector the financial sector’s importance in the mainly as social responsibility as one of the implementation of energy efficient projects. A stakeholders in our energy society. well-known player in international markets, we finance cost-effective energy efficient projects HUMO MDO of our clients through loans collected from Today the problems of energy conservation international financial institutions. Hence, we are most severe in many countries of the participate in the development of a robust world. Efficient use of energy can reduce its energy efficiency and renewable energy market costs and improves the energy security of in Turkey. the country. Inefficient use of energy, and the constant lack of light in the remote areas of the Sensitive to the environmental soundness of the country is strongly reflected in the education investments we are financing, we are a reliable of our youth and health of the population. partner of our clients in their energy efficient In the winter the felling of trees is damaging projects as well as the modernization of their the environment. MDO Humo is pleased to investments, and we will continue supporting participate in the project on energy efficiency. energy efficiency efforts throughout our entire Now the development of appropriate of banking value chain. products is a priority for our company. Today,

13 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 14 we are looking to create new products, modern MINSK TRANSIT BANK technologies that provide the most significant JSC “MTBank” was the first independent energy-saving effect. private bank in the Republic of Belarus that the European Bank for Reconstruction and LA BANQUE POSTALE Development provided financing to for energy Energy efficiency is a topic that goes hand in efficiency projects in 2012. Therefore, thanks hand with the ecological and energy transition to the support of the esteemed EBRD, MTBank which La Banque Postale and the Group La became the first bank in Belarus to offer a Poste as a whole have made a major strategic unique banking product: a loan for financing focus in this decisive year for the climate. The energy efficiency projects aimed at reduction Group therefore supports all initiatives that are of energy consumption, and the decrease of in line with a reduction of GHG emissions. carbon emissions and environmental pollution.

MEGABANK Unfortunately, every year the environmental Foreign partners of MEGABANK understand problems in the world are getting worse. the essence of implementingenergy saving Environmental protection is becoming an technologies for Ukraine and are ready to invest important task for each socially responsible not only funds, but also obtained experience. company. Thanks to cooperation with MTBank MEGABANK in the framework of international and the EBRD Belarusian companies have cooperation has found itself at the edge of this switched to alternative fuels: they use the process,having made lending to energy saving energy of the sun, wind and water. Nowadays projects one of the high-priority directions of MTBank actively encourages potential clients its activity. Today MEGABANK, PJSC is actively to take measures aimed at reducing energy financing energy saving projects and investing in intensity and improving energy efficiency. rational usage of energy resources, provided in MTBank Team intends to do their best to save the framework of cooperation with international natural resources, not to do any harm to the organizations (EBRD, GGF, NEFCO, The World environment and to reserve for MTBank’s status Bank). MEGABANK has implemented and is as a truly “green” brand. continuing to implement energy saving projects in the agricultural, industrial, energy and housing NLB TUTUNSKA BANKA and utility sectors. In line with the international event on ‘Building a Global Energy Efficiency Financing Alliance’ MUTUALISTA PICHINCHA organized by the EBRD, NLB Tutunska banka AD Since 2009 we are promoting sustainable Skopje would like to support this event and its construction in order to achieve energy efficiency objectives by issuing an individual statement in homes. Furthermore, as a financial institution which reflects specific energy efficiency we recognize the impact of credits granted in financing actions that NLB Tutunska banka AD the environment and that further drives our Skopje is undertaking. commitment.

15 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY NLB Tutunska banka AD Skopje is using OHRIDSKA BANKA EBRD’s WeBSEFF I and WeBSEFF II lines to In 2010, OB was the first bank in Macedonia that provide Energy Efficiency financing on the placed energy efficiency funds on the market by local market. It is among the first, and one signing a WeBSEFF I agreement with the EBRD of the few, banks that support Macedonian and at the same time pioneer in banking sector companies by providing funds for energy in financing such projects. efficiency improvements and small renewable energy projects. Through the technical support We are glad to confirm that we have available, the companies are supported to strengthened our expertise and knowledge include energy efficiency in their modernization in this field thanks not only to support from and competitiveness strategies. Apart from our mother company, but also through strong this, NLB Tutunska banka AD Skopje is also support received by EBRD representatives. using its own funds to finance Energy Efficiency projects and is providing advice for customers EE financing continues to be an important part of on the benefits of Energy Efficiency investments, our total corporate financing (including SMEs as thereby actively contributing towards the well), either by utilizing EBRD funds or using our companies’ growth, through competitive own funds. products crafted to the actual needs of the market. During the last period, Energy Efficiency During this year we have made strong efforts to has become an important part of NLB Tutunska transfer part of this knowledge and to explain banka AD Skopje’s business and its importance to our clients the benefit of EE. Many clients will grow in the forthcoming period, as there have understood this and successfully realized is still potential in the market that need to be EE projects. fulfilled. Therefore, NLB Tutunska banka AD Skopje is dedicated to continuous work in this However, there is still room for improvement segment and is looking forward to expanding and our mission is to fulfil this gap by further cooperation with financial institutions and other enhancing the benefit of EE projects. For OBSG, relevant stakeholders. energy efficiency is not just a line of business but also a source of social responsibility toward local NRW BANK companies. As the development bank for North Rhine- Westphalia, NRW.BANK is committed to PIRAEUS BANK actively promoting energy saving and energy We, the Piraeus Bank SA, support and finance efficiency in our region. By designing sustainable companies, institutions, organizations promotion instruments for our clients such as and projects which benefit people and the the NRW.BANK efficiency facility (NRW.BANK. environment by improving the energy efficiency, Effizienzkredit), we support energy efficiency reducing the final energy consumption and measures that benefit small and medium-sized the relevant greenhouse gas emissions, with enterprises. economically viable solutions.

15 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 16 Our goal is to turn economic development into SEKERBANK quality of life by focusing on human dignity 1. Sekerbank’s Sustainable Development without endangering future environmental and Strategy social indices. Founded in 1953 with the small savings of hundreds of thousands of sugar beet PROCREDIT GROUP cooperative members for the purpose of As part of ProCredit’s corporate strategy, all financing agriculture, local production and our banks have implemented a comprehensive rural development, Sekerbank has continued Environmental Management System. It is based to carry out its founding mission over the past on three pillars, namely (I) optimising our internal 62 years. The bank has been developing this environmental performance, (II) managing the community banking mission, which stems environmental and social risk of our lending from its roots towards the perspective of activities and (III) Green Finance. sustainable development. Sekerbank embraces sustainable development banking as its core Green Finance constitutes an integral part business and manages this under three major of our business and is funded with our own areas; economic, social and environmental. resources. Our Green Loans finance investments Sekerbank’s broad-based loan portfolio and in energy efficiency, renewable energy and other branch network, and at the same time people technologies that have a positive impact on the oriented services make Sekerbank stand out environment. The aim is to support our clients’ in the sector. However, Sekerbank’s greatest economic development while minimising their breakthrough achievement in the field of ecological footprint. sustainable development is being the first bank to develop a product financing energy efficiency RAIFFEISEN BANK investments with favourable conditions as a role BOSNIA AND HERZEGOVINA model in the Turkish Finance Sector. In accordance with the sustainability strategy of Raiffeisen Bank, environmental aspect is 2. EKOkredi (A loan financing energy efficiency represented through various activities and investments and expenditures) initiatives. We would like to point out especially In 2009, Sekerbank developed EKOkredi; a ecologic responsibility for the products we offer loan financing energy efficiency investments such as special credit lines for energy efficiency and expenditures in all customer segments and integration of the ecological dimension with favourable conditions in order to create into our procedures. We introduced electronic awareness on preserving natural resources and statement service which reduces paper waste combating climate change via energy efficiency. and also, in our paper recycling project, we The bank also drew attention to saving waste recycle paper waste and donate the entire energy with the aim of contributing household proceeds. In the end, we would like to point out budgets. that all our buildings, as far as possible, were constructed on high ecological standards.

17 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY 3. Training & specific marketing tools & 5. Being the best practice in sustainable collaboration with private sector and NGOs: development at Rio+20 UN Sustainable All marketing staff working in Sekerbank’s Development Conference: branches attend a training programme and are It is a great honor for us that in the “Rio+ 20 certified as consultants for insulation, which is United Nations Sustainable Development very important for energy efficiency in buildings. Conference” EKOkredi was selected as one of In addition to this, Sekerbank employees have the best practices in the Turkish finance sector, also been trained and informed on energy in an assessment supervised by the Turkish efficiency through annual meetings, e-trainings, Republic Ministry of Development. EKOkredi set special seminars or focus group studies on a precedent as a role model and opened the carbon trade, sustainability, stakeholder door for other Turkish banks to develop similar engagement, and so on. products.

Communication studies are being conducted 6. International Financial Institutions and climate to create widespread awareness on energy funds resources on energy efficiency: efficiency, while the real sector and NGO As a result of its successful studies on cooperations in this area have contributed to spreading energy efficiency into its local base spread energy efficiency throughout society. customer profile throughout Turkey, Sekerbank has welcomed many IFIs and climate funds Furthermore, the bank has kept track of specially pertaining to EKOkredi. The IFIs and greenhouse gas emissions caused by its own funds that provided resources to Sekerbank activities and taken part in platforms to fight for EKOkredi are German Development Bank against climate change. Sekerbank has taken (KfW), Green for Growth Fund: Southeast Europe place in the Carbon Disclosure Project (CDP) (GGF), Global Climate Partnership Fund (GCPF), since 2010 by measuring its own carbon Netherlands Development Finance Company emission footprints every year. (FMO), Development Bank of Austria (OeEB) and TuREEFF (Turkish Residential Energy Efficiency 4. Economic, environmental and social impact Financing Facility). provided via EKOkredi: • Provided over TL 613 million in financing 7. Vision support. Our main goal is being the leading bank in • 61,728 retail customers and 7,398 SMEs, financing sustainable development in Turkey craftsmen and farmers have been introduced from a social, environmental, cultural and to energy saving. economic aspect, while also fulfilling our society

• 4 million tons of CO2 emissions were oriented founding mission. We will preserve our prevented. pioneering position in financing energy efficiency • Loans funded the insulation of more than through aligning our efforts with Sustainable 95 thousand houses. Development Goals (SDGs) to ensure access • 177 million cubic-meters of natural gas has to affordable, reliable, sustainable and modern been saved. energy for all. • 18.7 billion kilowatt-hour energy has been saved.

17 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 18 SHINHAN BANK Also, we have been carrying out energy saving Shinhan Bank, one of the leading banks in and GHG reduction activities such as controlling Republic of Korea, recognizes energy efficiency indoor temperature during summer and winter, finance as a significant issue for sustainability replacing LED lights, and purchasing green management. IT products; furthermore, we are operating an environmentally friendly data center that Shinhan Bank has set its target for response is equipped with solar panels, LED lights, a to energy efficiency as establishment of a wastewater recycling system, as well as an world-class energy efficiency management ice thermal system. We also hired an external system and development of market-leading expert as a consultant to better operate the energy efficiency finance. The energy efficiency energy management system (ISO 50001) and management system of Shinhan Bank effectively respond to the GHG & Energy Target indicates its determination to fundamentally Management System. manage customers’ energy efficiency, and we will globalize corporate energy efficiency STATE EXPORT IMPORT BANK management by upgrading on a regular basis. To OF UKRAINE support energy efficiency finance, Shinhan Bank Almost a decade of concentrated efforts in is creating financial products including green promoting sustainable energy development by architecture-related loans, carrying out research Ukreximbank created a unique opportunity to projects for investments in the green technology effectively support the true leaders of Ukrainian industry, developing processes and systems. economy in the hour of need, and at a growth path. Having deployed the best intellectual and Shinhan Bank has demonstrated a new model material resources, including the internal Energy of public-private cooperation for expansion Efficiency capacity, standardized sustainable of energy efficient buildings. For the first time energylending product, E&S risk management in Korea, Shinhan Bank launched the Green tools, boosted by the nation wide network and Remodeling Interest Subsidy Loan, which IFI involvement, we gained valuable market support customer seeking to remodel his/ expertise in project origination, channelling her building to gain energy efficiency with the targeted funding and pioneering of numerous construction cost, while the customer is eligible success stories so necessary to scale up for the government’s support for 2-4% of the loan energy efficiency countrywide. As before, in interest rate depending on the energy efficiency Ukreximbank today we stand ready to further performance. And Shinhan Bank launched support carbon-free economic development, products such as Green Energy Factoring jointly with the respectable fellow Member-Allies Loan which funds LED lighting replacement by means of fostering of financial, technical and in client’s building and receives repayment advisory cooperation within the Alliance and from the saving costs of electric bills. Besides beyond. loans, Shinhan Bank has been lining up energy efficiency originated products such as Green SUDAMERIS BANK Plus Installment Saving and Green Energy Time Sudameris Bank is aware that energy is Deposit which enhancing customers’ interest on essential for economic development, at the energy efficiency finance. country level, as the main engine of productive

19 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY activities. However, power generation and the and plant specific technical consultancy services way it is used has the effect of increasing climate provided by our expert team add an innovative change and its associated risks. It is for this vision and potential to every project financed by reason that the bank, as part of its strategies, TSKB. emphasizes the need to increase concrete actions aimed at promoting the use of renewable TURANBANK energies as well as the efficient use of energy. As you are aware, one of the key directions of the Bank’s corporate social responsibility is SUMITOMO MITSUI TRUST HOLDINGS environmental issue. Abatement of the level of Energy efficiency finance has been one of the negative impact on environment, caused by our main environmentally-friendly busıness our operation, is an important aspect the Bank for a long time. So we are very happy with an has taken over within its social responsibility. A endorsement of the Statement of Intent on EE specifically designed report on an environmental finance. impact occurred as a result of current or expanding activities of economic subjects will TÜRKIYE İŞ BANKASI be introduced and considered one of the main As İşbank, we recognise energy efficiency as an factors in decision making. The report concerns important alternative domestic energy source lending activity and cover the period within and believe it should be prioritized considering which the economic subjects are financed Turkey’s current energy policy challenges. Hence, within the framework of local and international we expect that the energy efficiency finance projects. The Bank’s strategic thinking related market will accelerate and there will be an to environmental protection lies on the following increasing demand for energy efficiency loans five factors: especially from residential and construction businesses, transport, industry and services 1. Avoid using dangerous substances. sectors. We aim to increase our concentration 2. Efficient and economical use of reserves. on energy efficiency by introducing new loan 3. Efficient and economical use of energy products and financing our customers’ energy sources. efficiency investments ever more. 4. Use of alternative sources of energy. 5. Enlightenment and promotion associated TÜRKIYE SINAI KALKINMA BANKASI with effective energy use. At TSKB (Industrial Development Bank of Turkey), we believe that the finance sector has In addition to the aforementioned factors, the an important responsibility concerning the Bank uses a special methodology in project sustainability centred transformation of the financing. At the same time, the Bank keeps an business world. In this context, we place great eye on mitigation of a negative environmental importance in the efficient and rational use impact at all stages of its activities as an of the energy in energy intensive industries important liability. Also, as an important step, and buildings, in the transition to low carbon the Bank considers taking such actions as economy in our country. Our activities in this field alleviating the negative environmental impact are not limited to financial support. The industry as well as recycling waste and decreasing the

19 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 20 amount of office waste, and promotes these Environmental Management System under ISO practices among its employees. In addition, 14001 standardization, and in 2008 introduced organizing environmental tours throughout the a Social and Environmental Management Policy country is one of the key directions of the Bank’s to reduce waste and impact from banking activity within environmental protection. activities. XacBank’s Eco Banking Department leverages concessional financing from The overall responsibility for the policy is at the international sources to incentivize a sustainable top management level and the policy itself is growth trajectory for Mongolia’s people and communicated to all employees. The Bank’s private enterprises. In 2014, XacBank partnered financing and investment decisions is guided by with the EBRD to introduce the USD$ 10 million the Environmental and Social Policy that clearly Mongolian Sustainable Energy Financing Facility outlines the requirements of (potential) projects (MonSEFF), which has greatly improved the or those that clients have to meet in order to be bank’s energy efficient lending capacity by eligible. In this regard, the policy allows defining utilizing the facilities’ green advisory services to potential risks on the proposed projects and provide international expertise to clients. outlining detailed risk appraisal. ZAGREBACKA BANKAW Finally, the TuranBank OJSC actively contributes As the leading bank in Croatia, Zagrebacka to scaling up energy efficiency financing in banka is aware of its environmental the upcoming years and is willing to work with responsibility and impact, and thus maintains various IFIs looking to use climate finance with a strong focus on sustainable development our clients. and business. Following the latest global trends in the development of our strategy, UNICREDIT TIRIAC BANKA we systematically support projects related to In response to the EBRD’s request to express renewable energy sources and energy efficiency. our endorsement for the Declaration of Intent on Given the importance of sustainable growth, Energy Efficiency, we hereby express our support Zagrebacka banka has accepted the Policy for it, as it is in line with UniCredit Group strategy and Charter for Environment and Sustainable on environmental issues. At UniCredit Bank Development, and is the first Croatian financial Romania we are always willing to provide support institution to receive the Award for General and financing for eligible investments in energy Contribution to Environmental Protection in efficiency or renewable energy. the category of socially-responsible companies from the Croatian Ministry of Environmental XAC BANK Protection and Physical Planning in 2003. In our XacBank incorporates sustainability into its day-to-day operations, we aim to systematically mission, being a bank with a triple bottom and continuously raise the bar of social line of “Planet, People, and Profit.” The bank responsibility and environmental responsibility is the only one in Mongolia with a department in the market we operate in, and we will continue focused on sustainable energy finance. In on the same path in the future. 2002, XacBank introduced a Social and

21 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY 21 MOBILISING 100 FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY PARIS COP21 22

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23 100+ FINANCIAL INSTITUTIONS FOR ENERGY EFFICIENCY