Climate Change Data

MBH Bank Nyrt.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:9295.12 tCO2e/year
Scope 1 Emissions:5,739.78 tCO2e/year
Scope 2 Emissions:3,555.34 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:0%
Total Energy Consumption:167,640.5 GJ/year
Water Consumption:66516 m3/year
Waste Generated:275,771 kg/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Green Finance
  • Ethical Business Conduct
  • Employee Well-being
  • Corporate Governance
  • Social Responsibility

Environmental Achievements

  • HUF 50.5 billion solar power plant portfolio at the end of the year.
  • Financing of HUF 54.83 billion for green certified offices.
  • Reduced GHG emissions (Scope 1 and 2) to 9,295.12 tonnes of CO2 equivalent.

Social Achievements

  • 88.56% of branches are accessible.
  • 100% of staff trained in GDPR.
  • Family Friendly Place certification.
  • 25% women on boards, 64% among employees.
  • Support for 100 disadvantaged students with scholarships per year.
  • Magyar Bankholding Group donated HUF 10,500,000 to help refugees from Ukraine.

Governance Achievements

  • Created a single ESG and sustainability function.
  • Developed ESG strategy integrating initiatives from predecessor banks.
  • Joined the UN Principles for Responsible Banking.
  • Implemented ESG risk assessment methodology for all customer segments.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality.
Medium-term Goals:
  • Improve energy efficiency and increase the share of green energy in the Bank’s energy mix within 3 years.
  • Full integration of climate change and environmental risks into the business strategy by 2023.
Short-term Goals:
  • Obtain ESG certification.
  • Develop the Green Loan Framework.
  • Implement the Net-Zero Banking project.

Environmental Challenges

  • Bank merger process was resource-intensive.
  • High interest rate environment and unfavorable economic situation hindered product development.
Mitigation Strategies
  • Established an ESG strategy and began implementation.
  • Created a unified organizational governance structure.
  • Appointed a Chief Sustainability Officer.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Responsible procurement processes and practices in line with legal obligations and internal ethical standards.
  • Ensuring the security of customer data and banking systems.
  • Procurement carried out in an environmentally friendly and energy-efficient manner, without restricting competition and in compliance with ethical standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Standards 2021, BSE (Budapest Stock Exchange) ESG Reporting Recommendations, UN Principles for Responsible Banking

Certifications: Family Friendly Place

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • ECO-loan for household energy modernization
  • Green Loan Framework (to be implemented in 2023)
  • Green Monthly Flat Rate Account Package (to be implemented in 2023)
  • MNB NHP Green Home Loans
  • ECO mortgage loan product
  • BUPA - Online Billing and Green Business Questionnaire

Awards & Recognition

  • Family Friendly Place