Strengthening green leadership
Solid and reliable sustainable financing advice and solutions are how we help our clients transition to a green economy. This is why the entire team at our bank across Lithuania, Latvia, and Estonia has completed ESG (environmental, social, and governance) training, led by Finland’s Aalto University, one of the top 50 business schools globally.
“The financial sector plays a crucial role in supporting Europe’s green transformation, as the continent strives to become the first CO2-neutral region. This is why we have strengthened our competencies, enabling us to be an even more valuable partner to our clients. As part of a Finnish bank, with Finland being an undisputed leader in sustainability within Europe, we have the opportunity to adopt and share the best practices of both the country and our group with our clients,” says Leda Irzikeviciene, Country Manager at OP Corporate Bank Lithuanian branch.
Through this training, we have deepened our knowledge in areas such as diversity, sustainability reporting, taxonomy, and more. Large businesses will begin providing sustainability reports next year, so we are pleased to have tested ourselves in various roles and to have looked at sustainability issues from our clients' perspectives. This will help us better understand their expectations and further reinforce the B4B (business for business) approach we follow – helping businesses grow and expanding together with them.
Together with colleagues from OP Corporate Bank Latvia and OP Corporate Bank Estonia, we are even better prepared to pursue the ambitious sustainability goals of OP Financial Group, strengthen the bank’s leadership in green finance, and implement the Sustainability Programme. By 2030, we aim to reduce the emissions intensity of the entire group’s loan portfolio – a 50% reduction in energy production, 45% in housing loans, and a 30% reduction in absolute emissions within the agricultural financing sector.