PRAVEX BANK employees completed training under the Climate Ambition Accelerator program, which is led by the United Nations Global Compact with support from Patrons Ørsted and Natura & Co.
Ukraine took part in the program for the second time. This year, 20 companies worked on the climate components of their activities.
Within six months, Svitlana Kramarova, Member of the Management Board, Chief Financial Officer and ESG manager of PRAVEX BANK, as well as Serhii Zavodovskyi, Head of Logistic Department COO Division, learned how to lay a clear path to transition to "net zero" by 2050, reduce emissions into the atmosphere and implement climate initiatives in the Bank.
The Climate Ambition Accelerator program consisted of three modules: the Fundamentals module, where participants got acquainted with the methodology and approach to determining scientifically based indicators; the Business Case module, which focused on building a business model for establishing scientifically sound indicators and their implementation; the Implementation module, where participants learned how to manage their global emissions, as well as various strategies to reduce them (indirect emissions).
"Maintaining financial stability is our main course. At the same time, as a financial player, PRAVEX BANK realizes that it plays a key role in directing capital to a sustainable economy in the short and long term. A careful attitude to climate challenges is not only our duty to the present but also an investment in the future," said Svitlana Kramarova.
May we remind you that in May 2023, PRAVEX BANK, which is part of the banking Group Intesa Sanpaolo, joined the UN Global Compact. The Bank undertook to adhere to the thirteen goals of the UN Global Compact in four areas: protection of human rights, labor relations, environmental protection, and the fight against corruption.
The Climate Ambition Accelerator is a six-month accelerator program designed to equip companies with the knowledge and skills they need to accelerate progress towards setting science-based emissions reduction targets aligned with the 1.5℃ pathway, setting them on a path towards net-zero emissions by 2050.