Environmental Impact - ESG report

Together with its customers, Baltic International Bank is implementing investment projects related to the promotion of the energy efficiency, investment projects connected with the renewable energy production and development. Therefore, Bank allows the customers to have a return of equity, cares for the environment and public wellbeing now and in the future.

Also daily Bank is committed to reduce the negative impact on the environment. Accomplishments in 2017 and 2018:

  • Regulated technical facilities of the building (ventilation, heating, water) to reduce consumption of resources.
  • Ensure efficient electricity use, switching of some groups of lamps in the premises.
  • Switching the standard bulbs to LED bulbs.
  • Introduction of the movement detector for switching on the light in one room.
  • Ecological cleaning products are used for the cleaning of hard surfaces (floor, windows, toilet facilities) in 100% cases.
  • 100% of paper towels in one building is made from 100% recycled paper.
  • Containers for the collection of paper placed in the office premises.
  • Waste is sorted and 42% - recycled.
  • Significant reduction of water consumption in glass bottles.
  • Reduction of water consumption for 9% (in 2018 in comparison to 2017).
  • Purchased electricity from renewable resources.
  • Reduced CO2 emissions for 5% (in 2018 in comparison to 2017). 

BASIC PRINCIPLES OF CORPORATE GOVERNANCE OF BALTIC INTERNATIONAL BANK

BalticInternational Bank Environmental Protection Policy

 

E1

Direct and indirect GHG emissions

CO2 gas emission affect the global climate change the most. Reduction of emissions is of vital importance to protect the health of the global environment of Earth.

In 2016, Bank started to monitor the CO2 emissions amount due to the consumption of electricity, heating and use of transport, as well as business travel (flights). Heating and transport, as well as business travel, influences creation of CO2 gas the most, electricity consumption less.

Mostly due to the reduction of the business travel, the Bank has reduced the amount of CO2 emissions.

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E4

Energy intensity

Energy intensity characterises the overall efficiency of the company. Indications allow comparing the results with other organisations.

Energy consumption in the Bank in 2017 per one square metres of the room was 444 MJ, but in 2018 – 440 MJ.

 

E5

Primary energy source

This indication demonstrates the main production sources of the used energy. Mostly energy is generated from gas, coal, water, sun, wind energy, nuclear energy. Use of unrenewable resources creates CO2 gas emissions, impacting the climate, but use of renewable resources are environmentally friendly. Bank is using “green” energy produced in Latvia also receiving acknowledgment from Latvenergo.

 

E8

Waste management

Bank sorts the waste – separately collecting paper and glass. Total amount of waste in 2017 was 286 m3, in 2018 – 261 m3. 42% of waste was recycled.

Waste amount per 1000 EUR of operating expenses is 0.017 m3 (2017) and 0.019 m3 (2018).

Bank has sharply reduced the use of office paper. In 2017 in comparison to 2016, consumption of paper reduced by 37% due to the employee educational campaign and introducing of the economical printing mode.

 

 

E9

Environmental policy

Bank has approved Environmental Protection Policy. The primary objective of it is to ensure conformity with the principles laid down by the Environmental Protection Act of the Republic of Latvia and the European Community Environmental Law – helping to minimise negative environmental impacts, providing the opportunity to live in clean and well-maintained environment.

Bank’s Environmental Protection Policy has been has been drawn up with reference to Bank’s operational strategy 2030 which envisages, among other things, the implementation of ESG approach in Bank’s business. To foster the implementation of ESG approach, Bank has approved the ESG Implementation Guidelines and the Regulations for implementing ESG Approach.

E2

Carbon intensity

This indicator provides insight into the general efficiency (eco-efficiency) of the company. In 2017, the CO2 intensity was 0.0198 kg per one operational income EUR but in 2018 – 0.0188 kg.

 

E3

Direct and indirect energy consumption

Energy consumption amount significantly impacts the amount of CO2 emissions and their impact in climate. Since 2016, Bank started to monitor the energy consumption with the target to reduce it.

In 2017 consumption per one employee reduced by 5%, but in total by 4.7%. Employee educational activities were performed, also optimizing the lighting, replacing part of the light bulbs with LED bulbs, installing motion sensor for switching on the light.

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Also the heating consumption reduced due to the careful adjusting of devices according to the needs of employees, as well as eliminating unnecessary consumption.

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E7

Water management

Water is an essential resource. Bank uses water for cleaning/hygiene purposes. Using the water economically, in 2017 Bank has reduced the water consumption calculating per one employee of the Bank and comparing to 2016 by 1.7% but in 2018 in comparison to 2017 – by 9.9%.

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E9

Environmental policy

Bank has approved Environmental Protection Policy. The primary objective of it is to ensure conformity with the principles laid down by the Environmental Protection Act of the Republic of Latvia and the European Community Environmental Law – helping to minimise negative environmental impacts, providing the opportunity to live in clean and well-maintained environment.

Bank’s Environmental Protection Policy has been has been drawn up with reference to Bank’s operational strategy 2030 which envisages, among other things, the implementation of ESG approach in Bank’s business. To foster the implementation of ESG approach, Bank has approved the ESG Implementation Guidelines and the Regulations for implementing ESG Approach.

 

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