Climate Change Data

PJSC CB Center-invest

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:40%
Total Energy Consumption:4,622,221 kWh/year
Waste Generated:380 tons/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by 10.9 tons per year through energy efficiency projects.
  • Achieved 40% renewable energy share in the bank's energy balance in 2022.

Social Achievements

  • Launched Green Deposit, attracting 760 million rubles in deposits for SDG-aligned projects.
  • Increased capital of the “Education and Science of the South Federal District” Endowment Fund to 207 million rubles.
  • Supported various social initiatives, including financial literacy programs, youth entrepreneurship, and assistance to vulnerable groups.

Governance Achievements

  • Implemented a new ESG rating system for customers, influencing loan interest rates.
  • Conducted 13 Board of Directors meetings, addressing ESG-related issues.

Climate Goals & Targets

Long-term Goals:
  • Achieving carbon neutrality

Environmental Challenges

  • Economic crisis caused by the geopolitical situation.
  • Supply chain disruptions.
Mitigation Strategies
  • Adjusted post-crisis sustainable development strategy based on digital technologies and talent management.
  • Focused on local suppliers while increasing deliveries from other regions and friendly countries.

Supply Chain Management

Responsible Procurement
  • Conducting competitive procedures for transactions with suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standard, TCFD recommendations

UN Sustainable Development Goals

  • Goal 1 (No Poverty)
  • Goal 2 (Zero Hunger)
  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)
  • Goal 11 (Sustainable Cities and Communities)

The bank's activities contribute to these goals through various initiatives, including financial literacy programs, support for youth and women entrepreneurship, and energy efficiency projects.

Sustainable Products & Innovation

  • Green Deposit
  • Green Mortgage

Awards & Recognition

  • National Banking Award
  • Socially Oriented Entrepreneur of the Rostov Region
  • Stolypin Economics and Finance Award in the “ESG Banking Popularization” nomination

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,443.9 tonnes CO2e (2023)
Scope 1 Emissions:585.3 + 172.0 = 757.3 tonnes CO2e (2023)
Scope 2 Emissions:20.4 + 1241.9 = 1262.3 tonnes CO2e (2023)
Scope 3 Emissions:36.9 + 444.8 + 2035.8 + 5432.0 + 1,552,851.0 + 235,650.0 = 1,798,470.0 tonnes CO2e (2023)
Renewable Energy Share:50% (of total electricity consumption in 2022)
Total Energy Consumption:16,182.36 GJ (2023)
Waste Generated:829 tons/year (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Purchased 2,300 MW of energy from a solar power plant, equivalent to 50% of the bank's total electricity consumption in 2022.
  • Reduced CO2 emissions by 14,000 tons per year by the end of 2023 through energy efficiency programs.

Social Achievements

  • Implemented an educational project, "ESG for All," a free interactive lecture course on ESG banking.
  • Supported various social and educational projects for veterans, schoolchildren, and students.
  • Implemented special lending programs for women entrepreneurs, youth businesses, and social entrepreneurship.

Governance Achievements

  • Implemented an ESG rating system for small businesses.
  • Maintained 100% attendance at Board of Directors meetings in 2023.
  • Consistently implemented steps toward sustainable development in accordance with GRI standards and TCFD recommendations.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality

Environmental Challenges

  • Adaptation of Russian enterprises to the changed economic situation in 2023, including building new competences, mastering advanced niches and technologies, and implementing import substitution.
  • Uncertainty in the composition of ESG indicators and the unproven positive impact of these indicators on financial performance.
Mitigation Strategies
  • Developed and implemented risk mitigation measures with clients, searched for new logistics chains and payment routes, and participated in transforming business models.
  • Prioritising lending to the real sector, stimulating demand for credit products by increasing financial literacy, and providing free business consulting.

Supply Chain Management

Responsible Procurement
  • The bank enters into transactions only with reliable suppliers engaged in legal activities whose funds are obtained from legal sources.

Climate-Related Risks & Opportunities

Physical Risks
  • Physical risks mainly relate to the agricultural sector.
Transition Risks
  • Assesses transient risks as insignificant due to their insignificant volume.

Reporting Standards

Frameworks Used: GRI, TCFD, UN Sustainable Development Goals, National Projects of Russia

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 3 (Good Health and Well-being)
  • Goal 1 (Zero Poverty)
  • Goal 2 (Zero Hunger)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 9 (Industry, Innovation and Infrastructure)

The bank uses a system for classifying customer payments in terms of compliance with the UN Sustainable Development Goals.

Sustainable Products & Innovation

  • Green Mortgage lending program
  • Green Deposit

Awards & Recognition

  • ACRA ESG -AA, level ESG -2 (Q1 2024)
  • Winners of Leaders of Russian Business: Dynamics, Responsibility, Sustainability —2022
  • 2nd place in Green Finance category at Green Eurasia international climate competition
  • National Banking Award 2023 for Green Vector magazine