Commitment to net zero greenhouse gas emissions by 2050
Alpha Bank becomes the first Greek bank to join the UN-convened Net Zero Banking Alliance (NZBA),
having formally committed to achieving net zero greenhouse gas emissions by 2050. This undertaking
reflects the Bank’s societal responsibility, as a leading financial institution in Greece, to help mitigate
climate change and drive the transition to a net zero economy.
As part of its commitment to environmental stewardship, Alpha Bank has developed a comprehensive
strategy to achieve net zero emissions, focusing on the following key actions:
- Reducing operational emissions: The Bank implements energy-efficiency measures across all
Branches, offices, and data centers to reduce its carbon footprint. This includes using electricity from
renewable energy sources, optimizing energy consumption, and adopting sustainable
practices in day-to-day Group operations.
- Financing sustainable projects: Alpha Bank allocates capital to Green and Social investments,
in line with its Sustainable Finance Framework, with emphasis on the power generation sector,
buildings and transportation. Through sustainable financing, the Bank aims to support the
development of low-carbon infrastructure and accelerate Greece’s transition to an
environmentally sustainable and resilient economy.
- Engaging Customers: The Bank is committed to support its customers transition to a lowcarbon economy, offering advice and flexible financing solutions while facilitating access to funding,
via tools like the EU Resilience and Recovery Facility and the Hellenic Development Bank.
- Collaboration and advocacy: Alpha Bank actively engages with its stakeholders, aiming to increase
awareness and foster sustainable practices to the entire spectrum of financial and social
Vassilios Psaltis, Alpha Bank Group CEO made the following statement:
“At Alpha Bank, we believe that sustainability and economic growth are deeply intertwined. As one of the
biggest banks in Greece, we recognize our responsibility to undertake a leading role in contributing to a
more sustainable economy that helps mitigate climate change by financing the transition to a net zero
economy. We are taking a leading role on sustainability matters within our market. Today we take the next step, building on our UNEP FI membership, our commitment to the Principles for Responsible Banking, and our transparent disclosure practices, by committing to achieve Net Zero Greenhouse Gas Emissions by 2050.
To ensure we meet these objectives, we take a comprehensive approach that includes reducing ouroperational emissions, financing renewable energy and other sustainable projects, and supporting
our customers in their transition to a low-carbon economy.
This is a challenging but necessary task. Our commitment to Net Zero is an integral part of our overall strategy, for long-term value creation for our Shareholders and the Society. We will be unveiling more about our ESG strategy and commitments on our Investor Day, on June 7, 2023”.