International Beirut Energy Forum 21 September 2016 Mrs. Dania Kassar

Transcription

1 Fransabank Sustainable Energy Finance Initiative i i International Beirut Energy Forum 21 September 2016 Mrs. Dania Kassar 1

2 Lebanon Commitment towards Green Energy 2020 objective is to have 12% of electricity produced from Renewable Energy After Paris Agreement COP21 signed by 180 countries including Lebanon, 2030 objective is to have 15% electricity produced from Renewable Energy Lebanon, by signing the Kyoto protocol in November 2006 and the Paris Agreement in 2016 has committed to reduce the CO2 emission Pollution in Lebanon is mostly generated by transportation (45%), industry (25%), others (30%) 2

3 Fransabank s Corporate Social Responsibility, a trigger to Sustainability 3

4 UNDP Together Towards Sustainable Development Initiative Creation of a Lobbying Group formed by private sector players ready to work together to achieve the 17 Sustainable Development Goals (SDGs). The initiative will bring together businesses committed to aligning their efforts with the 17 UN SDGs. 4

5 The Sustainable Development Goals (SDGs) At the United Nations Sustainable Development Summit on 25 September 2015, world leaders adopted the 2030 Agenda for Sustainable Development, which includes a set of 17 Sustainable Development Goals (SDGs) to end poverty, fight inequality and injustice, and tackle climate change by The SDGs call for worldwide action among governments, businesses and civil society to end poverty and create a life of dignity & opportunity for all by

6 Chairman Kassar acknowledged for his action on Climate Change Chairman Kassar was acknowledged as leader for Goal 13 of SDGs on from Business for Peace Foundation (April 2016) 6

7 Creating Awareness In May, June and July 2016, Fransabank sponsored a daily Green program on LBCI entitled بيئتك. نق ي The program gave details related to environmental issues as well as implementation of Go Green strategies. 7

8 Creating Awareness Supporting a Lebanese Movie produced and directed by Ms. Wafaa Halawi to run at the Film4Climate Contest during COP22 in Marrakech. 8

9 Creating Awareness 9

10 Other actions We support the development of Digital banking services v/s paper banking Arcenciel bouchons roulants to Wheelchair initiative Recycling (recycled papers) We have worked to institute a green culture within our Bank, starting from our employees attitude and awareness about sustainable energy Limiting and reducing our ecological footprints 10

11 Fransabank s Sustainable Energy Finance Internationally recognized Initiative i i International Beirut Energy Forum 21 September 2016

12 Fransabank responsibility towards the environment Cultural Change oat Fransabank, we strongly believe that, through our commitment, we have a real opportunity to affect the climate agenda by the investment t we make and the credits wegrant. owe strive to incorporate concern for the climate and environment in our products and seek to conduct our business in a way that minimizes our footprint. owe work to create general awareness and transmit this commitment to our clients so, in turn, they are responsible towards the environment. 12

13 Green and Climat Finance Climate Change brought 2 major challenges : 1. New risks linked to climat change 2. Fight against global warming Leading to promoting the development of Green Finance and supporting Green Economy Energy Finance Energy Finance in $ 485 billion / year in 2040 $ 320 billion $ 12,000 billion 13

14 Fransabank s internal commitment Energy Audit of our Headquarters in Hamra o Implement Full Energy Management Program with clear targets o Legacy System replacement : retrofitting AC System & Lighting o Increase Demand Control : Lighting, AC, Escalators, Ventilation o Retrofitting Parking ventilation o Implement renewable energy solutions (PV on roof & facade) Similar il process is being implemented in our new branches 14

15 Fransabank s internal commitment Environmental and Social Policy Pli Fransabank has implemented an Environmental & Social Policy which consists in taking into account the social & environmental impact of a project and not only the ROI Assignment of Environmental Risk Category to each project Filling of an Environmental and Social Due Diligence checklist If projects have impact on the environment, Fransabank will agree with the clients on corrective measures to mitigate risks 15

16 Sustainable Energy Finance Products and Services o Energy Loans for Businesses (Corporate and SMEs) covering multiple l sectors : agriculture, industry, petrol-station, t ti schools and universities, hospitals, restaurants, bakeries, etc. o Leasing o and Individuals (Eco-Friendly, Eco-Home Loans, Municipalities / Bkassine) including Solar Photovoltaic and Solar Water Heaters

17 Cooperation with Institutions Banque du Liban LCEC IFC USD 40 million SEF credit line & Advisory Services EIB / AFD 80 million Credit Line (pending Lebanese Parliament ratification ) DEG: Exploration of Renewable Energy Project Financing

18 Portfolio Assessment Projects already financed US$ 98 million Projects under study 2016 US$ 65 million

19 Participation and Speaking at International Events Conference of Parties COP 21 - December 2015 Paris Agreement was negotiated by 195 countries dealing with greenhouse gases emissions mitigation, adaptation and finance starting in the year Itwasopenedforsignatureon22April2016(EarthDay)ina ceremony in New York City. As of September 2016, 180 members have signed the treaty, 27 of which have ratified it of which the US, China and Norway.

20 Participation and Speaking at International Events Fransabank s Participation s Main Findings Expertise that Fransabank has built has proved fruitful Fransabank s strategy to include SEF as a business line seems innovative compared to other banks in the World Methods to tackle environmental issues through energy audits and dedicated teams as well as Fransabank s management s strong commitment towards the development of this business represents a complete strategy

21 Participation and Speaking at International Events UN Global Compact Leaders Summit New York June 2016 Main Findings The private sector is the backbone of sustainable growth and the main driver of the new revolution set in motion in 2015 There is a plan and it s the only plan It s for every business. None is exempted It s universal. Sameproblemsandsolutions exist in and for every country Human resource / People are the solution

22 Participation and Speaking at International Events UN Global Compact Leaders Summit New York June 2016 Fransabank s participation s Main Findings Fransabank s Sustainable Energy Finance project is structured according to best practices and include interestingly enough the major key milestones that international institutions have Change does not happen overnight, it takes a lot of cycles and building the structure is the catalyst of the transformation Corporate Social Responsibility is not a department. It is not a report. It is what would drive the survival of the planet