The bank reduces its direct carbon emissions by 113.35 tonnes annually

The Bulgarian-American Credit Bank has signed a contract with Electrohold EAD to purchase electricity from renewable sources. Since May, the bank's two headquarters in Sofia have been using 100% green electricity, which accounts for 43% of the total consumption in all offices. As a result, BACB reduces its direct carbon emissions by 113.35 tonnes annually and has already achieved a 30.23% reduction compared to 2021, surpassing the planned 25% reduction outlined in the bank's Sustainable Development Strategy for the period 2024-2026.

BACB is actively working to minimise the impact of its operations on climate change. In recent years, the bank has implemented several changes, such as improving the energy efficiency of its two largest buildings, replacing lighting with more energy-efficient LED lights, and installing centralised air conditioning systems.

"Purchasing electricity from renewable sources is yet another step BACB is taking to meet the goals set out in our Sustainable Development Strategy – to reduce carbon emissions and our environmental footprint that result from our own activities" said CEO Ilian Georgiev.

To further enhance its performance in meeting ESG requirements and reducing its environmental impact, BACB will focus on building internal capacity this year. The bank’s primary goal in this regard is to develop and maintain a high level of ESG competence among all employees.