“Our responsible finance portfolio, which includes green, social and ESG loans, is constantly growing and already exceeds 1.5 trillion rubles,” he said. “We plan to increase it by 30% this year to 1.7 trillion rubles “. According to him, “the growth of the portfolio suggests that borrowers not only have not frozen current green projects, but are also planning new ones.”
The sustainable finance market in Russia has adapted to the new conditions and has shown slow growth since the second half of 2022, Alexander Vedyakhin noted – up to 106 billion rubles.”
In particular, in 2022, businesses in the South and North Caucasus showed an increase in ESG investments. Particularly active – in the Stavropol Territory, the Rostov Region and North Ossetia – Alania. Sberbank’s total responsible financing portfolio in the South and North Caucasus has approached 28 billion rubles.
Irina Tkachenko, Vice President of South-West Bank of Sberbank:
“We maintain the course of development as a socially responsible company and we are interested in increasing the involvement in the ESG agenda by all partners and customers. Last year, South-West Bank’s responsible financing portfolio already amounted to 27.8 billion rubles. I note that in 2023 we continue to develop infrastructure and implement tools that ensure a faster rate of business participation in ESG transformation.According to Sberbank estimates, this year the market for responsible financing of business projects in the South of Russia and the North Caucasian Federal District will grow another 30% with our support. First of all, in real estate, agro-industrial complex, industry, energy, commerce and tourism”.
Sberbank also faces the task of achieving its own carbon neutrality by 2030. To do this, the bank reduces consumption of paper, stationery, plastic, electricity and water, switches to renewable energy sources and electric vehicles, and sorts waste. In 2022, Sber saved 180 million rubles in electricity using artificial intelligence: it calculated when, where and how much consumption can be reduced. This helped not only to reduce costs, but also to reduce the harmful impact on the environment. Also, last year, Sber started to switch to green electricity: in total, it used 71 million kWh from green sources. They provided 7% of the bank’s energy consumption and 27 Sber offices have already switched entirely to renewable sources. The company also saved 227 million A4 sheets by eliminating paperwork, helping prevent the felling of 19,000 trees.
The press release was prepared by the press service of YuZB PJSC Sberbank