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Bankinter avoids emissions equivalent to 200,000 tonnes of CO2 thanks to its green bonds

The independent firm ECODES, specialised in green economy, has been the technical advisor for the report and calculation of the savings achieved.

Photovoltaic energy projects are the key renewable energy projects, for an amount of 391 million euros.

Bankinter has managed to avoid the emission of the equivalent of a total of 201,840 tonnes of CO2 during the past year, thanks to the positive environmental impact of the green bonds it has issued, with a nominal value of 750 million euros, dated 29 January 2020.

 

This estimated positive impact is detailed in the 2022 Green Bond Annual Report, published by the bank.

 

The methodology Bankinter uses for its environmental impact calculations was developed by an independent consultant (Ecodes), guaranteeing impartiality and the use of objective, rigorous and comparable sources. Deloitte has acted as an independent verifier.

 

Ninety-five per cent (95%) of Bankinter's eligible green loan portfolio assets financed with the issuance of 750 million euros refer to renewable energy projects, and the rest to financing for green buildings. All projects are located in the European Union.

 

In renewable energy projects worth 714 million euros, photovoltaic energy projects (391 million euros) account for 55% of the total; solar thermal energy projects (197 million euros) account for 28%; and wind energy projects (126 million euros) account for 18%.

 

The financing portfolio for green buildings amounts to 36 million euros.

The savings in emissions were calculated on the basis of generating 1,231.3 GWh of wind, photovoltaic and solar thermal energy through the renewable assets in which the bonds invest. This has contributed to reducing energy use by 513 MWh/year as a result of financing efficient and green buildings.

 

For Bankinter, sustainability is a strategic policy, as demonstrated by its long history and its strong commitment in this field. The bank has implemented this policy through successive Sustainability plans, such as the current one, which covers the 2021-2023 period and is called 3D because it is focused on three dimensions: environmental, social and governance.