BAKU, Azerbaijan, September 5. AccessBank pays active attention to climate finance, the chairperson of the Board of AccessBank Davit Tsiklauri told Trend.
“In today's world, the shift towards environmentally friendly and effective energy sources is a matter of global concern, and this is evident in our efforts. For instance, the Global Climate Partnership Fund has provided us with resources with the condition that they will be allocated to climate finance. This can include not only building hydropower plants or other large projects, but also modernizing equipment at plants. When a plant replaces its outdated machinery with modern, energy-saving equipment and manages to cut down energy usage by a significant 25-30 percent, it can be seen as a positive step towards mitigating climate change,” he said.
According to him, AccessBank has started tracking its green footprint.
“At AccessBank itself, we have started tracking our own green footprint to see how we can improve our environmental performance. For instance, our goal is to decrease the amount of power and other resources used by each employee, which we calculate on an individual basis. We are working on new standards, which we plan to communicate to our investors in the future, and possibly publicly at some point,” he added.