675 booklet istanbul P5 - EBRD

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Financial institutions’ statements on energy efficiency finance !

FINANCIAL INSTITUTIONS’ STATEMENTS ON ENERGYEFFICIENCY FINANCE

STATEMENT BY THE EBRD AND UNEP FI

Energy Efficiency is increasingly considered today as a key instrument of economic competitiveness and environmental stewardship of the planet. There are very large untapped energy efficiency opportunities for which financing is needed. In this context, commercial banks have a crucial role to play in scaling up energy efficiency financing and promoting low-carbon growth.

In addition to structuring lending products for energy efficiency, banks provide marketing and distribution capacity through their networks to reach customers including SMEs, the retail sector, large corporates and households. This results in sound business for banks and multiple benefits for their clients beyond energy savings and reduced CO2 emissions, such as enhanced productivity and improved air quality. For all countries, developing, emerging and developed, the financing of energy efficiency contributes significantly to climate change mitigation, while promoting sustainable development, local job creation, economic resilience and energy system efficiency.

For ten years, the EBRD has been actively supporting local banks to develop their energy efficiency financing activity through its Sustainable Energy Financing Facilities ("SEFFs"). SEFFs provide long term funding and technical assistance to their clients in an integrated manner. Today the EBRD works with over 100 participating banks, leasing companies and microfinance institutions in 22 countries, reaching over 1,000 enterprises and 15,000 households annually. Since the start of the EBRD Sustainable Energy Initiative in 2006, over €3 billion have been committed to SEFFs, resulting in over 80,000 loans.

UNEP Finance Initiative (UNEP FI), as the global partnership between the United Nations Environment Programme and the financial sector for the last 20 years, has consistently worked with banks through its Banking Commission to help them develop sustainable finance. Through capacity building and exchange, the work has focused initially on awareness raising and reducing the risks and negative impacts of financing unsustainable business practice, to move now towards the development of positive impact finance, where energy efficiency is well positioned.

This first Energy Efficiency Financing Forum of the EBRD and UNEP FI in Istanbul brings together over 60 local financial institutions from a broad range of countries to share knowledge and experience. We hope that this growing alliance will enhance the already substantial contribution individual banks are making to global energy savings, economic efficiency and carbon emissions reduction.

FINANCIAL INSTITUTIONS' STATEMENT ON ENERGY EFFICIENCY FINANCE

We, the Alliance of Energy Efficiency Financing Institutions:

• acknowledge that the financial sector is uniquely placed to channel finance to activities that promote energy efficiency • understand there are many unaddressed energy efficiency financing opportunities in our markets • are already providing finance to support our clients with energy efficiency investments • will actively contribute to scaling up energy efficiency financing • without taking on undue burden, are willing to work towards tracking our deployment of energy efficiency finance • recognise the need to further embed energy efficiency investment principles into the way in which we engage with our clients • have a special interest in guiding our clients towards best practice financing decisions, including on modernisation and competitiveness strategies that instil enhanced energy efficiency • are willing to work with institutional and public financiers seeking to deploy climate finance to our clients • welcome the opportunity to share our experiences and acquire knowledge of successful business strategies for integrating energy efficiency across our financing operations.

ABN AMRO

ACBA - Credit Agricole Bank CJSC

Accessbank CJSC

Agjencioni Per Financim NE Kosove (AFK)

AKBank A.S

Ameriabank CJSC

Armswissbank JSC

Banamex

Bai Tushum & Partners CJSC

Banca Transilvania S.A.

Bank Eskhata OJSC

Bank Millennium S.A.

Bank of Georgia JSC

Bank of Valletta

Bank Republic JSC

Basisbank JSC

Belgazprombank JSC

Belvnesheconombank JSC

BMCE Bank SA

BPS-SBERBank

BRD - Groupe Societe Generale S.A.

CASA DE Economii SI Consemnatiuni S.A.

CenterInvest Bank OJSC

Credit Agricole

CREDO LLC

Demirbank JSC

Demir Kyrgyz International Bank CJSC

DenizBank A.Ş.

Erste & Steiermarkische Bank d.d.

Garanti Bankasi A.Ş.

Garanti Leasing

Halkbank Skopje

HSBC Bank Armenia CJSC

Humo & Partners

Imon International

ING Group NV

Kyrgyz Investment and Credit Bank CJSC

La Banque Postale

Megabank Public Joint Stock Company

Microinvest LLC

Minsk Transit Bank CJSC

Mobiasbanca

Moldinconbank S.A.

Moldova Agroindbank S.A.

National Bank of Egypt

NLB Tutunska Banka A.D. Skopje

Ohridska Banka A.D. Ohrid

OTP Bank Romania S.A.

Pireaus Bank

Procredit Group

Raiffeisen Bank Aval JSC

Raiffeisen Bank D.D. Bosnia and Herzegovina

Raiffeisen Bank S.A.

Regional Center for Renewable Energy and Energy Efficiency (RCREEE)

SEF International Universal Credit Organization LLC

Şekerbank T.A.Ş.

Slovenska Sporitelna, a.s.

Societe Generale Banka AD Beograd

State Export Import Bank of Ukraine JSC

Sumitomo Mitsui Trust Holdings

Tatra banka, a. s.

Tridos Bank

Türkiye İş Bankası A.Ş.

Türkiye Sinai Kalkinma Bankasi AS

TuranBank OJSC

Unicredit Bank DD Mostar

Unicredit Bulbank

United Bulgarian Bank A.D.

Unibank JSC

Unicredit Tiriac Banka S.A.

UkrSibbank

Vakiflar Bankasi T.A.O.

VTB Georgia

Xac Bank LLC

Yapı ve Kredi Bankasi A.Ş.

Yes Bank

Zagrebacka Banka D.D.

THE JOINT STATEMENT IS ENDORSED BY THE FOLLOWING FINANCIAL INSTITUTIONS:

STATEMENT BY UNITED NATIONS SUSTAINABLE ENERGY FOR ALL INITIATIVE

Energy efficiency—getting more from our limited resources through improved technologies and practices—contributes to more profitable business operations, cheaper and more plentiful energy for households, growing economies for countries, a cleaner environment and reduced carbon emissions. This is true across the globe, whether in Africa, where the savings from energy efficiency could help make modern energy services available to those who lack it, or in more industrialized countries, where investments in lower energy intensity can create new jobs, foster economic growth, and reduce energy costs for families and businesses.The Sustainable Energy for All (SE4All) initiative is a partnership between governments, the private sector, and civil society launched by the UN Secretary-General in 2011 with the following three interlinked objectives to be achieved by 2030:

• ensure universal access to modern energy services;• double the global rate of improvement in energy efficiency; and• double the share of renewable energy in the global energy mix.

According to SE4All Sustainable Energy Finance report, USD$ 560 billion of investments are required by 2020 in order to achieve the SE4All goal of doubling the global rate of improvement of energy efficiency. The current level of investments is estimated at USD$ 130 billion (2015) implying significant additional investment requirements for that goal.

The SE4All Energy Efficiency Finance Accelerator (EEFA) is reaching out to financial institutions committed to support the scaling up of energy efficiency in their jurisdictions. The target for 2015 is to obtain commitment from some 100 financial institutions to join the finance to energy efficiency scaling up effort by COP 21. The European Bank of Reconstruction and Development (EBRD), a major actor in the energy efficiency field, has been working with a number of partners, including UNEP FI, to build an alliance of financial institutions supporting the SE4All energy efficiency goal.

Statement by Climate Investment Funds

The Climate Investment Funds’ Clean Technology Fund is strongly supportive of the financial institutions’ joint statement made at the Energy Efficiency Finance Forum in Istanbul in 2015. We believe this will support further the transformation of lending markets to focus more strongly on energy efficiency finance. The EBRD has been at the forefront of our partners in the Clean Technology Fund in lending money to banks for the creation of energy efficiency credit lines that have brought considerable benefit to enterprises and households. The proposed joint statement is distilling this experience into a set of ideas that we would welcome to be shared and applied more widely, in order to increase the availability of energy efficiency finance to SMEs and households, thereby helping to mitigate climate change.

Statement by AKBank A.S

Akbank is fully committed to supporting the transition to a low-carbon economy for a more sustainable environment and an inhabitable world. We leverage our client relationships and seize opportunities to make a positive contribution to that end. We have developed products and services that support clients’ energy efficiency projects. As Akbank, we have partnered with IFIs such as the EBRD, IFC and OPIC since 2010 to promote Energy Efficiency and Renewable Loans and raised over US$ 40 million of funds. We will continue to address energy efficiency issue, work to scale up finance for energy-efficient investments and provide financing to support low-carbon economy.

Statement by Ameriabank CJSC

Ameriabank is one of the first financial institutions in Armenia that signed an agreement with the EBRD to finance energy efficient and renewable energy financing projects in the Republic of Armenia. The newly evolved scope of cooperation contributes to the development of the clean energy sector, while ensuring efficient use of energy amongst the industrial and residential sector clients. It helps in promoting energy efficiency investment initiatives in Armenia.

Ameriabank has already implemented a number of successful sub-projects in the scope of EE financing. It is worth mentioning that the incentive payments designed by the EBRD and funded by donors are an efficient tool to motivate companies to share the global environmental goals.

Our lending team is very keen to further promote the initiative with its clientele en route to energy efficient, hence environmentally cleaner investments.

We highly appreciate our role and responsibility in being one of the EBRD’s EE ambassadors in Armenia, aiming to enhance the awareness for energy efficiency and use the gained skills in sustainable energy lending.

STATEMENT BY UNITED NATIONS SUSTAINABLE ENERGY FOR ALL INITIATIVE

Energy efficiency—getting more from our limited resources through improved technologies and practices—contributes to more profitable business operations, cheaper and more plentiful energy for households, growing economies for countries, a cleaner environment and reduced carbon emissions. This is true across the globe, whether in Africa, where the savings from energy efficiency could help make modern energy services available to those who lack it, or in more industrialized countries, where investments in lower energy intensity can create new jobs, foster economic growth, and reduce energy costs for families and businesses.The Sustainable Energy for All (SE4All) initiative is a partnership between governments, the private sector, and civil society launched by the UN Secretary-General in 2011 with the following three interlinked objectives to be achieved by 2030:

• ensure universal access to modern energy services;• double the global rate of improvement in energy efficiency; and• double the share of renewable energy in the global energy mix.

According to SE4All Sustainable Energy Finance report, USD$ 560 billion of investments are required by 2020 in order to achieve the SE4All goal of doubling the global rate of improvement of energy efficiency. The current level of investments is estimated at USD$ 130 billion (2015) implying significant additional investment requirements for that goal.

The SE4All Energy Efficiency Finance Accelerator (EEFA) is reaching out to financial institutions committed to support the scaling up of energy efficiency in their jurisdictions. The target for 2015 is to obtain commitment from some 100 financial institutions to join the finance to energy efficiency scaling up effort by COP 21. The European Bank of Reconstruction and Development (EBRD), a major actor in the energy efficiency field, has been working with a number of partners, including UNEP FI, to build an alliance of financial institutions supporting the SE4All energy efficiency goal.

Statement by Armswissbank JSC

We endorse the joint statement issued at the Energy Efficiency Finance Forum in Istanbul. We also aim to stimulate energy efficiency investments in our activities. In order to raise awareness among businesses, the Bank organizes meetings with existing and potential clients to inform them about energy efficiency lending and the advantages of these products. We also offer lower interest rates for these type of energy investments, as opposed to other investments. To demonstrate that we are a Bank that makes real lending investments in the economy, we also look for opportunities for energy efficiency lending in start-up businesses.

Statement by Banamex Banamex has a long history of commitment with the creation of solutions that benefit people and communities, as well as with the reduction of the environmental impact of our operations. As part of the financial sector, Banamex´s Sustainability Strategy includes the task of financing and investing activities that mitigate the impact of climate change, as well as the promotion of renewable energy and energy efficiency financing.

Statement by Banca Transilvania S.A.

Banca Transilvania believes in supporting environmental and climate change initiatives and we are pleased to endorse the Financial Institutions’ Statement of Intent on Energy Efficiency, which is entirely in line with our position on the matter. BT is firmly committed to protecting the environment and is already offering support to energy efficiency investments and projects, but we do acknowledge and understand the need for increased efforts and more substantial results, which is why we trust that the joint efforts and shared experiences of public and private financiers and partners will actively contribute to raising awareness and achieving the UN proposed global rate of improvement in energy efficiency by 2030.

Statement by Bank of Valletta

In line with Bank of Valletta's vision to position itself as the GreenBank in Malta and reduce its impact on the environment, theBank has developed a number of tailor made lending products toassist individuals as well as corporate clients keen on investingin projects that reduce their carbon footprint. Concurrently theBank has continued to invest in renewable and energy efficiencyinitiatives resulting in a reduction of over 887,000kg of CO2

emissions per year.

Statement by CASA DE Economii SI Consemnatiuni S.A.

Shortly after Romania’s accession to the EU, and in line with the government's policy priorities, CEC Bank expanded its lending business by extending its commercial lending for energy efficiency investments, with a view to supporting the sustainable development of the country.

Upon entering the Energy Efficiency Finance Facility Agreement with the EBRD in early 2008, over 15 such projects were financed by our bank in sectors such as agriculture, manufacturing, and services. As a result, the beneficiaries marked important energy savings translated in reduced energy expenditure, improved production and capacity utilization.

CEC Bank SA, the only state owned Romanian universal commercial bank, remains committed to further support new energy efficiency investments by Romanian companies in accordance with the strategy of the EBRD, in order to acquire successfulbusiness andimprove environmentprotection.

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ENERGY EFFICIENCYFINANCE FORUM

Pursuing higher efficiency in domestic appliances also helps

keep running costs affordable

Statement by Credit Agricole

Credit Agricole has to be useful to its customers, territories and to the economy it supports. Our job requires us to be a driver, particularly in the transition to a more responsible and low carbon economy

Statement by Demirbank JSC

DemirBank started financing renewable energy and energy efficiency projects with the support of the EBRD under the Caucasus Energy Efficiency Programme (CEEP) in 2014. By offering this innovative product to its wide customer base, the bank aimed to capture the multiple benefits of the sector that largely remained untouched in Azerbaĳan. Starting from the first quarter of this year DemirBank has granted loans to almost 100 customers that helped them to address the challenges of high energy prices, energy security, air pollution, etc. DemirBank continuously works with their customers to raise the level of their energy efficiency awareness and empower them to make more informed decisions.

Replacing old equipment in a vinegar fermentation process also helps increase production output

Replacing old equipment in a vinegar fermentation process also helps increase production output

Statement by Erste & Steiermarkische Bank d.d.

One of the main strategic guidelines of Erste Bank is the intense focus on quality projects which encourage long-term and sustainable development of entrepreneurship in the energy sector, employment growth and improving environmental protection. Erste Bank has recognized the energy industry as one of the focus industries, which through its financial products and services can help in boosting the competitiveness and sustainability of the energy sector. We want to support our clients in their efforts for effective and responsible business through both our programs and cooperation with international financial institutions. Having that in mind we continuously develop internal capacity to support all client segments that we finance. Starting with the professional support through a team of specialists with high expertise and knowledge in the energy industry to the specific credit offers such as eco loans that are especially designed for both energy efficiency and use of renewable energy sources. Erste Bank will continue to support the objectives of the EU in this area through internal awareness of the importance of energy efficiency, educating its clients through a team of specialists and financing positive examples in the area of energy efficiency, and thus contribute to the implementation of the given strategy.

Statement by Garanti Bankasi A.Ş.

As climate change continues to be one of the most material risks affecting the communities across the world, we have been contributing to energy efficiency efforts, which help drive significant amounts of greenhouse reduction and support Turkey's transition to a more sustainable economy, through the following activities.Promoting energy efficiency through sustainable banking practices • Garanti views energy-efficiency and the use of renewable sources in industrial and manufacturing operations as well as in buildings a significant opportunity to cut Scope 1 & 2 emissions of its custom ers. Garanti therefore provided loans to small and medium sized EE and RE projects through Turkey Sustain able Energy Financing Facility (Tur-SEFF) and Mid-Sized Sustainable Energy Financing Facility (Mid-SEFF), both of which are supported by the European Bank for Reconstruction and Development (EBRD) and the Europe an Investment Bank (EIB).• Garanti has 35% share in Turkey's total installed windpower capacity among all banks (The share goes up to 52% among Turkish banks).• While 66% of all transactions were executed through digital channels in 2004, this ratio reached 85% in 2014. The number of our mobile banking customers expanded by 84% in the twelve months to end 2014. These delivery channels greatly reduce energy and other resources associated to road transport while enhancing customer satisfaction. Improving the energy efficiency of our own operations• 70% of our employees in Turkey are working at IS014001 certified buildings.The coverage of our Environmental Management System (EMS) will increase to 100% by the end of 2015. • Garanti is the first bank in Turkey to receive a Green Office diploma from WWF Turkey.• Garanti is building its Pendik Technology Campus under LEED Gold criteria. According to the US Green Building Council, LEED buildings typically save 18-39% of total energy use than comparable buildings. Garanti is also working on a project in order to certify its Zincirlikuyu Head Office according to LEED criteria for existing buildings.

• In light of these efforts, Garanti achieved 10% reduction in total energy consumption and 12% reduction in total energy consumption per employee in 2014, compared to 2013 baseline.• Garanti is also targeting supplier contracts representing 50% of total procurement to include specific provisions regarding compliance with Garanti Bank's EMS by the end of 2016.• Garanti has been implementing an internal communications strategy and training program for sustainability since 2012, and enables all employees to submit recommendations about increasing the environmental performance of the Bank's opera. These programs allow us to embed sustainable practices such as energy savings in our employees' daily life.

Expanding energy efficiency practices to a broader community • Garanti is a board member and also the Head of Sustainable Finance Committee of Turkish Green Building Council (TGBC) which is the only association in Turkey to promote green, energy efficient buildings.• Garanti has contributed to the forming of a new initiative called the Manifesto for Energy Efficiency in Buildings which was developed by the Business Council for Sustainable Development in Turkey. As a board member to TBCSD, Garanti is also one of the first signatories of the Manifesto.• With an aim of promoting sustainable finance in Turkey, Garanti has supported the following events in several ways:• an Environmental and Social Risk Assessment training jointly with UNEP-FI;• a Sustainable Finance Conference together with UN Global Compact, UNEP-FI and the Turkish Business Council for Sustainable Development (TBCSD); in 2013, 2014 and 2015;• a Sustainable Finance Event for senior representatives of financial sector in collaboration with TBCSD, and; • an event called "Sustain-able Financial Innovation and Leadership Workshop Series: Environ-mental & Social Risk Management" organized by Bogazi University Lifelong Learning Center and Responsible Investment Banking Network in 2015.

As Garanti, we are committed to continue supporting energy efficiency efforts throughout our entire value chain and increasing the value we provide for all our stakeholders moving forward.

Statement by Garanti Bankasi A.Ş.

As climate change continues to be one of the most material risks affecting the communities across the world, we have been contributing to energy efficiency efforts, which help drive significant amounts of greenhouse reduction and support Turkey's transition to a more sustainable economy, through the following activities.Promoting energy efficiency through sustainable banking practices • Garanti views energy-efficiency and the use of renewable sources in industrial and manufacturing operations as well as in buildings a significant opportunity to cut Scope 1 & 2 emissions of its custom ers. Garanti therefore provided loans to small and medium sized EE and RE projects through Turkey Sustain able Energy Financing Facility (Tur-SEFF) and Mid-Sized Sustainable Energy Financing Facility (Mid-SEFF), both of which are supported by the European Bank for Reconstruction and Development (EBRD) and the Europe an Investment Bank (EIB).• Garanti has 35% share in Turkey's total installed windpower capacity among all banks (The share goes up to 52% among Turkish banks).• While 66% of all transactions were executed through digital channels in 2004, this ratio reached 85% in 2014. The number of our mobile banking customers expanded by 84% in the twelve months to end 2014. These delivery channels greatly reduce energy and other resources associated to road transport while enhancing customer satisfaction. Improving the energy efficiency of our own operations• 70% of our employees in Turkey are working at IS014001 certified buildings.The coverage of our Environmental Management System (EMS) will increase to 100% by the end of 2015. • Garanti is the first bank in Turkey to receive a Green Office diploma from WWF Turkey.• Garanti is building its Pendik Technology Campus under LEED Gold criteria. According to the US Green Building Council, LEED buildings typically save 18-39% of total energy use than comparable buildings. Garanti is also working on a project in order to certify its Zincirlikuyu Head Office according to LEED criteria for existing buildings.

Statement by Garanti Leasing

We are aware of the material risks affecting the communities across the world and recognize the financial sector’s importance in the implementation of energy efficient projects. A well-known player in international markets, we finance cost-effective energy efficient projects of our clients through loans collected from international financial institutions. Hence, we participate in the development of a robust energy efficiency and renewable energy market in Turkey.

Sensitive to the environmental soundness of the investments we are financing, we are a reliable partner of our clients in their energy efficient projects as well as the modernization of their investments, and we will continue supporting energy efficiency efforts throughout our entire value chain.

Statement by Halkbank Skopje

Halkbank AD Skopje supports local businesses and households with loans for investments in projects with an EE component through credit lines from EBRD WeBSEFF and GGF.

The main objective of these projects is to increase energy efficiency, decrease energy costs, reduce HFO and LFO consumption, reduce of natural gas consumption and O&M costs as well as CO2 emissions and to bring environmental, health, safety and quality standards to the level of EU requirements. The projects helped Macedonian companies become more energy efficient, easing their access to the EU market and to Macedonian households to increase their EE awareness.

Using the Halkbank’s EE loans for a total amount of 8 mill EUR, 71 companies and more than 1.200 households have a total energy saving of 28.733 MWh per year, and a total saving of CO2of12.370 t per year.Halk Bank takes operationsin EE sector mainly as socialresponsibility as one of thestakeholders in our energysociety.

Modernising the production process in

vegetable pickling also helps attract new sales

channels

• In light of these efforts, Garanti achieved 10% reduction in total energy consumption and 12% reduction in total energy consumption per employee in 2014, compared to 2013 baseline.• Garanti is also targeting supplier contracts representing 50% of total procurement to include specific provisions regarding compliance with Garanti Bank's EMS by the end of 2016.• Garanti has been implementing an internal communications strategy and training program for sustainability since 2012, and enables all employees to submit recommendations about increasing the environmental performance of the Bank's opera. These programs allow us to embed sustainable practices such as energy savings in our employees' daily life.

Expanding energy efficiency practices to a broader community • Garanti is a board member and also the Head of Sustainable Finance Committee of Turkish Green Building Council (TGBC) which is the only association in Turkey to promote green, energy efficient buildings.• Garanti has contributed to the forming of a new initiative called the Manifesto for Energy Efficiency in Buildings which was developed by the Business Council for Sustainable Development in Turkey. As a board member to TBCSD, Garanti is also one of the first signatories of the Manifesto.• With an aim of promoting sustainable finance in Turkey, Garanti has supported the following events in several ways:• an Environmental and Social Risk Assessment training jointly with UNEP-FI;• a Sustainable Finance Conference together with UN Global Compact, UNEP-FI and the Turkish Business Council for Sustainable Development (TBCSD); in 2013, 2014 and 2015;• a Sustainable Finance Event for senior representatives of financial sector in collaboration with TBCSD, and; • an event called "Sustain-able Financial Innovation and Leadership Workshop Series: Environ-mental & Social Risk Management" organized by Bogazi University Lifelong Learning Center and Responsible Investment Banking Network in 2015.

As Garanti, we are committed to continue supporting energy efficiency efforts throughout our entire value chain and increasing the value we provide for all our stakeholders moving forward.

Statement by Humo & Partners

Today the problems of energy conservation are most severe in many countries of the world. Efficient use of energy can reduce its costs and improves the energy security of the country. Inefficient use of energy, and the constant lack of light in the remote areas of the country is strongly reflected in the education of our youth and health of the popula-tion. In the winter the felling of trees is damaging the environment. MDO Humo is pleased to participate in the project on energy efficiency. Now the development of appropriate of banking products is a priority for our company. Today, we are looking to create new products, modern technol-ogies that provide the most significant energy-saving effect.

Statement by La Banque Postal

Energy efficiency is a topic that goes hand in hand with the ecological and energy transition which La Banque Postale and the Group La Poste as a whole have made a major strategic focus in this decisive year for the climate. The Group therefore supports all initiatives that are in line with a reduction of GHG emissions.

Statement by Megabank Public Joint Stock Company

Foreign partners of MEGABANK understand the essence of implementingenergy saving technologies for Ukraine and are ready to invest not only funds, but also obtained experience. MEGABANK in the framework of international cooperation has found itself at the edge of this process,having made lending to energy saving projects one of the high-priority directions of its activity. Today MEGABANK, PJSC is actively financing energy saving projects and investing in rational usage of energy resources, provided in the framework of cooperation with international organizations (EBRD, GGF, NEFCO, The World Bank). MEGABANK has implemented and is continuing to implement energy saving projects in the agricultural, industrial, energy and housing and utility sectors.

Insulating raw material storage tanks in

condiment preparation also helps reduce hot

water consumption

Updating batch sterilisation equipment in fruit preserving also helps increase worker

productivity

Statement by Minsk Transit Bank CJSC

JSC “MTBank” was the first independent private bank in the Republic of Belarus that the European Bank for Reconstruction and Development provided financing to for energy efficiency projects in 2012. Therefore, thanks to the support of the esteemed EBRD MTBank became the first bank in Belarus to offer a unique banking product: a loan for financing energy efficiency projects aimed at reduction of energy consumption, and the decrease of carbon emissions and environmental pollution.

Unfortunately, every year the environmental problems in the world are getting worse. Environmental protection is becoming an important task for each socially responsible company. Thanks to cooperation with MTBank and the EBRD Belarusian companies have switched to alterna-tive fuels: they use the energy of the sun, wind and water. Nowadays MTBank actively encourages potential clients to take measures aimed at reducing energy intensity and improving energy efficiency. MTBank Team intends to do their best to save natural resources, not to do any harm to the environment and to reserve for MTBank's status as a truly “green” brand.

Statement by NLB Tutunska Banka A.D. Skopje

In line with the international event on ‘Building a Global Energy Efficiency Financing Alliance’ organized by the EBRD, NLB Tutunska banka AD Skopje would like to support this event and its objectives by issuing an individual statement which reflects specific energy efficiency financing actions that NLB Tutunska banka AD Skopje is undertaking.

NLB Tutunska banka AD Skopje is using EBRD’s WeBSEFF I and WeBSEFF II lines to provide Energy Efficiency financing on the local market. It is among the first, and one of the few, banks that support Macedonian companies by providing funds for energy efficiency improvements and small renewable energy projects. Through the technical support available, the companies are supported to include energy efficiency in their modernization and competitiveness strategies.Apart from this, NLB Tutunska banka AD Skopje is also using its own funds to finance Energy Efficiency projects and is providing advice for customers on the benefits of Energy Efficiency investments, thereby actively contributing towards the companies’ growth, through competitive products crafted to the actual needs of the market. During the last period, Energy Efficiency has become an important part of NLB Tutunska banka AD Skopje’s business and its importance will grow in the forthcoming period, as there is still potential in the market that need to be fulfilled. Therefore, NLB Tutunska banka AD Skopje is dedicated to continuous work in this segment and is looking forward to expanding cooperation with financial institutions and other relevant stakeholders.

Statement by Ohridska Banka A.D. Ohrid

In 2010, OB was the first bank in Macedonia that placed energy efficiency funds on the market by signing a WeBSEFF 1 agreement with the EBRD and at the same time pioneer in banking sector in financing such projects.

We are glad to confirm that we have strengthened our expertise and knowledge in this field thanks not only to support from our Mother Company, but also through strong support received by EBRD representatives.

EE financing continues to be an important part of our total corporate financing (including SMEs as well) , either by utilizing EBRD funds or using our own funds.

During this year we have made strong efforts to transfer part of this knowledge and to explain to our clients the benefit of EE. Many clients have understood this and successfully realized EE projects.

However, there is still place for improvement and our mission is to fulfil this gap by further enhancing the benefit of EE projects. For OBSG, energy efficiency is not just a line of business but also a source of social responsibility toward local companies.

Statement by Piraeus Pireaus Bank

We, the Piraeus Bank SA, support and finance companies, institutions, organizations and projects, which benefit people and the environment by improving the energy efficiency, reducing the final energy consumption and the relevant greenhouse gas emissions, with economic viable solutions.

Our goal is to turn economic development into quality of life by focusing on human dignity without endangering future environmental and social indices.

Reducing steam consumption in fruit juice pasteurisation also helps diversify product range

Statement by Procredit Group

As part of ProCredit’s corporate strategy, all our banks have implemented a comprehensive Environmental Management System. It is based on three pillars, namely (I) optimising our internal environmental performance, (II) managing the environmental and social risk of our lending activities and (III) Green Finance. Green Finance constitutes an integral part of our business and is funded with our own resources. Our Green Loans finance investments in energy efficiency, renewable energy and other technologies that have a positive impact on the environment. The aim is to support our clients’ economic development while minimising their ecological footprint.

Checking for underperformance in the boiler house also helps

prioritise new investment opportunities

Statement by Raiffeisen Raiffeisen Bank D.D. Bosnia and Herzegovina

In accordance with the sustainability strategy of Raiffeisen Bank, environmental aspect is represented through various activities and initiatives. We would like to point out especially ecologic responsibility for the products we offer such as special credit lines for energy efficiency and integration of the ecological dimension into our procedures. We introduced electronic statement service which reduces paper waste and also, in our paper recycling project, we recycle paper waste and donate the entire proceeds. In the end, I would like to point out that all our buildings, as far as possible, were constructed on high ecological standards.

Statement by Şekerbank T.A.Ş.

1. Şekerbank’s Sustainable Development Strategy

Founded in 1953 with the small savings of hundreds of thousands of sugar beet cooperative members for the purpose of financing agriculture, local production and rural development, Şekerbank has continued to carry out its founding mission over the past 62 years. The bank has been developing this community banking mission, which stems from its roots towards the perspective of sustainable development. Şekerbank embraces sustainable development banking as its core business and manages this under three major areas; economic, social and environmental. Şekerbank’s broad-based loan portfolio and branch network, and at the same time people oriented services make Şekerbank stand out in the sector. However, Şekerbank’s greatest breakthrough achievement in the field of sustainable development is being the first bank to develop a product financing energy efficiency investments with favourable conditions as a role model in the Turkish Finance Sector.

2. EKOkredi (A loan financing energy efficiency investments and expenditures)

In 2009, Şekerbank developed EKOkredi; a loan financing energy efficiency investments and expenditures in all customer segments with favourable conditions in order to create awareness on preserving natural resources and combating climate change via energy efficiency. The bank also drew attention to saving waste energy with the aim of contributing household budgets.

3. Training & specific marketing tools & collaboration with private sector and NGOs:

All marketing staff working in Şekerbank’s branches attend a training programme and are certified as consultants for insulation, which is very important for energy efficiency in buildings. In addition to this, Şekerbank employees have also been trained and informed on energy efficiency through annual meetings, e-trainings, special seminars or focus group studies on carbon trade, sustainability, stakeholder engagement, etc.Communication studies are being conducted to create widespread awareness on energy efficiency, while the real sector and NGO cooperations in this area have contributed to spread energy efficiency throughout society.

Furthermore, the bank has kept track of greenhouse gas emissions caused by its own activities and taken part in platforms to fight against climate change. Şekerbank has taken place in the Carbon Disclosure Project (CDP) since 2010 by measuring its own carbon emission footprints every year.

4. Economic, environmental and social impact provided via EKOkredi

• Provided over TL 613 million in financing support. • 61,728 retail customers and 7,398 SME, craftsmen and farmers have been introduced to energy saving.• 4 million tons of CO2 emissions were prevented.• Loans funded the insulation of more than 95 thousand houses.• 177 million cubic-meters of natural gas has been saved.• 18.7 billion kilowatt-hour energy has been saved

5. Being the best practice in sustainable development at Rio+20 UN Sustainable Development Conference

It is a great honor for us that in the “Rio+ 20 United Nations Sustainable Development Conference” EKOkredi was selected as one of the best practices in the Turkish finance sector, in an assessment supervised by the Turkish Republic Ministry of Development. EKOkredi set a precedent as a role model and opened the door for other Turkish banks to develop similar products.

6. International Financial Institutions and climate funds resources on energy efficiency

As a result of its successful studies on spreading energy efficiency into its local base customer profile throughout Turkey, Şekerbank has welcomed many IFIs and climate funds specially pertaining to EKOkredi. The IFIs and funds that provided resources to Şekerbank for EKOkredi are German Development Bank (KfW), Green for Growth Fund: Southeast Europe (GGF), Global Climate Partnership Fund (GCPF), Netherlands Development Finance Company (FMO), Development Bank of Austria (OeEB) and TuREEFF (Turkish Residential Energy Efficiency Financing Facility).

7. Vision

Our main goal is being the leading bank in financing sustainable development in Turkey from a social, environmental, cultural and economic aspect, while also fulfilling our society oriented founding mission. We will preserve our pioneering position in financing energy efficiency through aligning our efforts with Sustainable Development Goals (SDGs) to ensure access to affordable, reliable, sustainable and modern energy for all.

State Export Import Bank of Ukraine JSC

Almost a decade of concentrated efforts in promoting sustainable energy development by Ukreximbank created a unique opportunity to effectively support the true leaders of Ukrainian economy in the hour of need, and at a growth path. Having deployed the best intellectual and material resources, including the internal Energy Efficiency capacity, standardized sustainable energylending product, E&S risk management tools, boosted by the nation wide network and IFI involvement, we gained valuable market expertise in project origination, channelling targeted funding and pioneering of numerous success stories so necessary to scale up energy efficiency countrywide.As before, in Ukreximbank today we stand ready to further supportcarbon-free economic development, jointly with the respectable fellowMember-Allies by means of fostering of financial, technical and advisorycooperation within the Alliance and beyond.

Upgrading to higher performance windows in

construction services also helps improve customer

satisfaction

Statement by Sumitomo Mitsui Trust Holdings

Energy efficiency finance has been one of our main environmentally friendly busıness for a long time. So we are very happy with an endorsement of the Statement of Intent on EE finance.

Statement by Türkiye Sinai Kalkinma Bankasi AS

At TSKB (Industrial Development Bank of Turkey), we believe that the finance sector has an important responsibility concerning the sustainability centred transformation of the business world. In this context, we place great importance in the efficient and rational use of the energy in energy intensive industries and buildings, in the transition to low carbon economy in our country. Our activities in this field are not limited to financial support. The industry and plant specific technical consultancy services provided by our expert team add an innovative vision and potential to every project financed by TSKB.

Recovering waste heat from a bakery oven

also helps exploit ‘free’ steam for enhanced

bread quality

Statement by TuranBank OJSC

As you are aware, one of the key directions of the Bank’s corporate social responsibility is environmental issue. Abatement of the level of the negative impact on environment, caused by our operation, is an important aspect the Bank has taken over within its social responsibility. A specifically designed report on an environmental impact occurred as a result of current or expanding activities of economic subjects will be introduced and considered one of the main factors in decision making. The report concerns lending activity and cover the period within which the economic subjects are financed within the framework of local and international projects. The Bank’s strategic thinking related to environmental protection lies on the following four factors:

1. Avoid using dangerous substances.2. Efficient and economical use of reserves.3. Efficient and economical use of energy sources.4. Use of alternative sources of energy.5. Enlightenment and promotion associated with effective energy use.

In addition to the aforementioned factors, the Bank uses a special methodology in project financing. At the same time, the Bank keeps an eye on mitigation of a negative environmental impact at all stages of its activities as an important liability. Also, as an important step, the Bank considers taking such actions as alleviating the negative environmental impact as well as recycling waste and decreasing the amount of office waste, and promotes these practices among its employees. In addition, organizing environmental tours throughout the country is one of the key directions of the Bank’s activity within environmental protection.

The overall responsibility for the policy is at the top management level and the policy itself is communicated to all employees. The Bank’s financing and investment decisions is guided by the Environmental and Social Policy that clearly outlines the requirements of (potential) projects or those that clients have to meet in order to be eligible. In this regard, the policy allows defining potential risks on the proposed projects and outlining detailed risk appraisal.

Finally, the TuranBank OJSC actively contributes to scaling up energy efficiency financing in the upcoming years and is willing to work with various IFIs looking to use climate finance with our clients.

Statement by Unicredit Tiriac Banka S.A.

In response to EBRD’s request to express our endorsement for the Declaration of Intent on Energy Efficiency, we hereby express our support for it, as it is in line with UniCredit Group strategy on environmental issues. At UniCredit Bank Romania we are always willing to provide support and financing for eligible investments in energy efficiency or renewable energy.

Statement by Xac Bank LLC

XacBank incorporates sustainability into its mission, being a bank with a triple bottom line of “Planet, People, and Profit.” The bank is the only one in Mongolia with a department focused on sustainable energy finance. In 2002, XacBank introduced a Social and Environmental Management System under ISO 14001 standardization, and in 2008 introduced a Social and Environmental Management Policy to reduce waste and impact from banking activities. XacBank's Eco Banking Department leverages concessional financing from international sources to incentivize a sustainable growth trajectory for Mongolia's people and private enterprises. In 2014, XacBank partnered with the EBRD to introduce the USD$ 10 million Mongolian Sustainable Energy Financing Facility (MonSEFF), which has greatly improved the bank’s energy efficient lending capacity by utilizing the facilities’ green advisory services to provide international expertise to clients.

Statement by Zagrebacka Banka D.D.

As the leading bank in Croatia, Zagrebacka banka is aware of its environmental responsibility and impact, and thus maintains a strong focus on sustainable development and business. Following the latest global trends in the development of our strategy, we systematically support projects related to renewable energy sources and energy efficiency. Given the importance of sustainable growth, Zagrebacka banka has accepted the Policy and Charter for Environment and Sustainable Development, and is the first Croatian financial institution to receive the Award for General Contribution to Environmental Protection in the category of socially-responsible companies from the Croatian Ministry of Environmental Protection and Physical Planning in 2003. In our day-to-day operations, we aim to systematically and continuously raise the bar of social responsibility and environmental responsibility in the market we operate in, and we will continue on the same path in the future.

Replacing outdated tools in timber production

also helps reduce raw material wastage

675 booklet istanbul P5 - EBRD

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