Climate Change Data

NLB Banka sh.a.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainable finance
  • Sustainable operations
  • Corporate Social Responsibility (CSR)

Environmental Achievements

  • Decreased CO2 emissions from operations by 5.3% in 2023, with direct emissions from electricity decreasing by 5.7%
  • Introduced dedicated green products and shifted focus toward Green Bond eligible investments
  • Implemented internal alignments to change embedded habits (speed limits, AC optimization, paper printing, etc.)

Social Achievements

  • Signed a cooperation agreement with the EBRD for the Woman in Business program to unlock women’s business potential and ease their access to finance
  • Donated €100,000 to charity, chosen by employee vote
  • Received "Friend of Children" recognition for 2023 from KOMF
  • Received "Taxpayer and Employer of the Year 2023" award from the Economic Chamber of Kosovo

Governance Achievements

  • Improved ESG Risk Rating to 16.0 (low risk) by Sustainalytics, an improvement of 1.7 points from the previous year
  • Successfully issued EUR 500 million in green senior preferred 4NC3 notes

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Geopolitical disruptions affecting Kosovo's economy
  • Double-digit inflation rates (subsequently brought down to near 3% at year-end)
  • Global increase in interest rates, with challenges in corresponding increases of interest rates in loans to customers
  • CEO retirement and the need to expand the bank’s Management Board
Mitigation Strategies
  • Implemented a new way for cash withdrawal with ATM Contactless
  • Reviewed the price list and determined new prices to mitigate the decrease of non-interest income
  • Continued intense activity with regards to the defined Sustainability Roadmap
  • Expanded the Management Board to prepare for reorganization in 2024

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Green financial products for financing clients’ green transformation

Awards & Recognition

  • Most active issuing Bank in Kosovo in 2022 (EBRD)
  • Friend of Children (KOMF)
  • Taxpayer and Employer of the Year 2023