Sign the Green Pledge The Green Business Handbook
Banks

Some Lebanese companies and organizations have already passed the green light. Here are some examples:

  • Issued circular 197 on June 26, 2009 which allows banks to release the required reserve on the loans given for green projects, therefore making the financing of such projects more lucrative for banks
  • Provides most loans funded by international banks and funds (e.g. International Finance Corporation of World Bank, Agence Française de Développement, etc) which now contain conditions relating to the environment
  • Companies cannot use the loans unless technical consultants confirm their abidance with strict environmental regulations
  • Issued the wider and more detailed circular No. 236 in November 2010
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  • Environmental Scope: Promoting investment in green projects, Reducing the Bank’s environmental footprint, Educating the public on the importance of eco-friendly projects, Partnering with the Lebanese government, international organizations and NGOs to enhance environmental initiatives
  • Sponsored the renovation of Al-Naqoura Public School. The school is the first of its kind in Lebanon and the Middle East to be recognized as an eco-school with zero CO2 emission
  • Green Financing: Granting soft loans, with competitive interest rates and repayment periods, for eco-friendly green architecture projects, Financing projects that work on reducing air pollution in Lebanon, Financing projects aimed at the rationalization of energy consumption and increasing its efficiency
  • Growth in green loans: Bankmed green loans grew from USD 25,027 in 2010 to USD 4,039, 911 in 2014
  • Reducing Environmental Footprint: Offsetting Carbon Emission, Paper Recycling, Reducing Energy Consumption
  • Customer Involvement: Bankmed devised several payment and money transfer solutions through which it encourages our customers to significantly reduce paper use and even limit their visits to the branches, which helps in reducing energy
  • Promoting Green Awareness: Educating children and youth on the importance of preserving the environment is an integral component of our “Happy Planet” program. Through our annual Greenest School and Green Student competition, Bankmed succeeded at creating opportunities to educate children and youth in a manner that stimulates their interest and motivates them to take an active part in environmental protection
  • Bankmed will remain the official partner of the Garden Show and Spring Festival
  • Bankmed supports nationwide seminars that are aimed at promoting environmental awareness in all public schools around Lebanon
  • Digitized the clients’ statements thus reducing paper consumption within the bank’s headquarters and branches.  To reduce paper usage at the bank’s premises, we have put in place a recycling policy which encourages employees to shred the used papers in order to facilitate their recycling process (Recycling Progress 27,420 Kg in 2013 versus 30,660 Kg in 2014)
  • In order to reduce fuel consumption, we switch off the generators at our branches from 12:00 midnight until 7:00 am. (Fuel consumption was reduced by 4% in 2014 from 2013). This also led to reduction in electricity consumption
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  • Launched "The Power is Energy, Save it!" campaign which included a new series of energy loans that target both consumers and businesses
  • In cooperation with arcenciel, Fransabank launched the Bouchons Roulants initiative, with the objective, on one hand, to educate Fransabank’s employees on the importance of sorting and recycling plastic caps and bottles in order to preserve the environment, and on the other hand, to provide the bestowment of wheelchairs to a person with special needs. Two and half tons collected and sent for recycling, this initiative resulted in the acquisition of two wheelchairs
  • Fransabank’s management matched the number of wheelchairs donated through an equal contribution to employees’ efforts. As a result, four wheelchairs were donated to people with special needs since 2014
  • Fransabank’s plans are underway to execute this project in all its branches in Lebanon, and with its biggest branch network in the country, it will be hopefully also creating a nationwide momentum
  • Launched the Paper Recycling initiative, aiming at reducing the use of paper at its headquarters and branches by encouraging the use of electronic communication, minimizing the use of printed paper, adopting double-sided printing, among others. This initiative has also been a success with over 244.31 tons of paper recycled in the years 2014 and 2015
  • As for the effective promotion of these environmentally friendly initiatives and spreading environmental awareness to the customers,  the Bank  is placing starting April, at selected branches, open-topped recycling bins to promote waste sorting
  • Providing banking and finance specialized for energy efficiency and renewable energy projects through funds of International Finance Institutions and Central Bank’s incentive programs
  • Planning a series of projects and initiatives to promote environmental awareness and education on waste sorting and recycling as well as support and financing of related projects nationwide
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  • Underwent a full green retrofit in compliance with the green international specifications and the environment conservation standards. Major components are: installation of a recycling system in the offices, replacement of standard lighting with low consumption lighting and presence sensors, installation of water saving equipment in the lavatories, and generalized  double-sided printing and photocopying practices
  • Conducted green awareness campaigns among its headquarter employees in order to encourage them to “reduce, re-use, and recycle” with the support of eco-consultants
  • Takes into consideration environment preservation guidelines when renovating any of its branches
  • Works in collaboration with Beeatoona, an NGO, to recycle its e-waste
  • Launched its Corporate Environmental Policy through the “Let’s Walk the Green Path” campaign in 2011, promoting a Green culture and an eco-friendly model on its premises through monitoring and minimizing water, paper, and waste consumption. A commitment that the Bank took further in the course of 2012
  • An advocate of many events related to the protection and conservation of the environment. To name a few: Jouzour Loubnan, Lebanon Mountain Trail and Bkessine Natural Reserve
  • Proceeding with the development of banking products for sustainable programs such as financing for the solar water heating launched by the Ministry of Energy and Water in collaboration with the Central Bank of Lebanon
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  • Carbon Footprint Measurement: Since 2012, we have been measuring and communicating the GHG emissions of all its premises using an internationally recognized online tool based on the GHG Protocol and developed by the World Resource Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). In 2012, the total GHG emissions amounted to 22,199.8 tCO2e and in 2015 it decreased to 21,738.2 tCO2e with an overall decrease of 2.1% of total GHG emissions
  • Carbon Footprint Competition in the Community:  We launched a competition in Q3 2014 during an Environmental Awareness Workshop aimed at teaching practices that respect and protect the environment to our employees’ children. It introduced the “Carbon Footprint” concept. The children were invited to measure their homes’ GHG consumption.  The winning team reduced their household consumption by 53% and introduced lifestyle changes such as installing solar panels, and switching from traditional 60W light bulbs to energy saving bulbs (24W) and then to LED (4W). Hence, at the onset of 2016, Bank Audi launched, in collaboration with the Ministry of Environment, the United Nations Development Programme (UNDP), La Sagesse and Makassed schools, a carbon footprint measurement micro-site called “My Carbon Footprint” (www.my-cfp.com). Through this micro-site children are able to monitor their consumption of resources. The best performance in impact reduction will be rewarded a financial prize and will be recognized as our “Green” champion in June 2016
  • “Grow Green” Program: Our internal recycling program encourages employees to collect solid waste from work or home, and to dispose of it at the Bank’s three special hubs. Items are donated to Arcenciel and l’Association de l’Ecoute. The results of our “Grow Green” Program have saved 7,622 trees and recycled 530.1 kg of plastic, 5,449.5 kg of metal, 435,313 kg of paper and 667.25 kg of PET bottles since 2012.  E-waste and books are collected annually to be up-cycled, reused or recycled. 965 kg of e-waste and 1,557 books were recently donated
  • Environmental Loans: We extended over USD 26 million of environmental loans in 2015 which were subsidized by the Central Bank of Lebanon at preferential interest rates. We also extended more than USD 29,000 in sponsorships to various environmental and animal rights projects recommended by our different branches. To note, we contributed to reducing the nation’s carbon footprint through facilitating environmental loans granted by the Central Bank (Circular 236) in coordination with the Lebanese Centre for Energy Conservation (LCEC), as observed for 2013, 2014, and 2015. These loans helped various residential, commercial and industrial projects reduce carbon emissions. Hence an overall saving of 12,771 tCO2 in carbon footprint due to these loans using energy efficient, solar or photovoltaic solutions. In 2013, an initial saving of 158 tCO2; In 2014, an accumulated saving of 2,533 tCO2; In 2015, an overall saving of 12,771 tCO2 spanned over the years of measurement
  • Earth Hour: We join the global initiative “Earth Hour” on March 19 at 8:30 pm every year by turning off the lights, at Bank Audi’s Plaza, Palladium and M1 buildings for one hour,  in order to help “Save the Earth’s Climate”
  • Paper Consumption: Beginning 2014, we involve all employees to commit to re-use, recycle, and reduce through a variety of ways. This initiative has led to a reduction of 18.5% of our paper consumption
    Funding green projects:
  • Provided by the end of December 2015 more than $180 million in funding for green projects that are helping Lebanese companies and home owners cut costs, spur growth, and protect the environment, thanks to its partnership with IFC, a member of the World Bank Group
  • First commercial bank in MENA to participate in IFC’s Sustainable Energy Finance program in 2011, to help raise awareness on the protection of the environment, build a knowledge base for its staff and personnel, and expand its loan offerings for corporations, schools and home owners wanting to invest in eco-friendly projects

  • Developing eco-friendly products and services:
  • First bank to launch, in partnership with the United Nations Development Program (UNDP), the Earth Card, a card made of eco-friendly material, which contributes to funding environmental projects in Lebanon, an initiative which earned the Bank a National Green Award by the Ministry of Environment. 
    Offers SMEs the possibility to reduce their energy footprint and their impact on Earth, by investing in energy efficiency and renewable energy with Kafalat Energy, and Kafalat Agriculture to finance farming, agriculture and arboriculture activities

  • Adopting environmentally-friendly practices at the workplace:
  • An initiative launched in 2011 helped to reduce, reuse and recycle paper on all of the bank’s premises. A green guide was issued to raise awareness among employees and provide them with tips on how to reduce paper usage. Shredded paper is being collected and donated to “Association L’Ecoute” allowing the recycling of 367 tons of paper by December 2015, thus saving an equivalent of 6,254 trees
  • Donated 1,834 e-waste items including monitors, printers, PCs, projectors, routers, phones, laptops, fax machines and other electronic devices
  • Embarked on a vast retro-fitting of its physical premises in order to bring them up to the high energy-efficiency standards it has established. The new headquarters is planned to be a sustainable green building which will set new sustainable architectural standards for the banking industry

  • Supporting green initiatives:
  • In collaboration with Mastercard, BLF and UNDP, launched the Earth Card competition to finance eco-friendly projects in Lebanon. Each year a specific theme is selected and eligible participants are invited to submit their applications
    A series of environmental initiatives are also supported such as partnering with Jouzour Loubnan to plant trees throughout the country and teaming up with Jabal Moussa reserve to help preserve its natural biodiversity. It also sponsors and participates actively in major events such as the Beirut Energy Forum and others

  • Raising green awareness among stakeholders:
  • Continuously raises awareness to encourage employees to opt for green attitudes in their daily lives. BLF also raises awareness externally by participating in panels and conferences and by publishing information via its various communications channels.
    In response to the waste crisis faced by the country, we launched in 2015 a recycling awareness campaign on Lebanese TV channels, and created an environmentally-friendly greeting card to spread environmental awareness within its sphere of influence. 
    Strives to impact consumers’ behaviors through its online banking, which is good for the environment as it cuts down paper usage and reduces pollution
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  • Creating and adopting (in collaboration with the International Finance Corporation (IFC)), we a tailor-made Social and Environmental Management System (SEMS), consisting of assessing the environmental and social risks and opportunities arising from customers’ business activities
  • Striving to enhance and adhere to sound banking principles and promote an environmentally and socially reliable development across the full range of our activities
  • Accepting and adhering to the European Investment Bank’s environmental objectives, namely to preserve, protect and improve the quality of the environment, protect human health, in relation to the environment, ensure the prudent and rational utilization of natural resources to conserve nature, and promote measures to deal with regional or worldwide environmental problems, notably climate change and access to potable water and sanitation. In doing so, both banks apply the principles of “prevention”, “precaution” and “polluter countries”, as embedded in the European Community policy. In this perspective, all projects requesting financing from the EIB have to comply with the Environmental Survey covering both the environmental and the social impact of the project being financed
  • Regularly reviewing and updating the Bank’s lending strategies to align them with industry standards in terms of Social and Responsible Investment (SRI).  Centering our strategy on three priorities: Reducing the intensity of our environmental footprint, Promoting environmentally responsible business activity, and Offering environmental products and service
  • In line with the Central Bank’s recommendations and recently issued circulars, providing green facilities to fund projects that have a positive environmental impact.  Projects encompass eco-friendly initiatives in Lebanon, such as green architecture and ecological ventures, implementation of renewable energy, wind power, solar water heating panels, energy saving lighting systems, tiles cladding, and eco-bricks.  Loans are granted at competitive interest rates and for long terms, as a token of Credit Libanais’ commitment to the planet and a step toward green banking
  • CL Group’s recently executed landmark 32-story Head Office Tower in Ashrafieh responds to the latest trends in construction and utilization sustainability. At CL Group new Head Office Tower, special attention has been given to using environmentally friendly construction materials taking into account the use of renewable energy sources for future daily utilization.  Considerations such as efficiently using energy, water, and other natural resources, reducing waste, pollution and environmental degradation were also been given broad attention in all phases of the project, from design to commissioning. Those considerations are reflected in the green: Architecture, landscape, interior and lighting, recycled, reused and sustainable mechanics and materials, reduced water usage
  • The main data center environment is water cooled at relatively high temperatures, which greatly increases the efficiency and reduces cost. CL Tier III data center features are summarized as follows: Chilled water-cooled white space. The chilled water system significantly increases efficiency and running costs; The chiller compressors and pumps optimize energy consumption based on actual demand; A special variable primary chilled water system further reduces energy expenditure;  Computer room air conditioning units reduce energy consumption; Cold air containment enhances the overall system efficiency; The fresh air for the data center is centrally pre-treated with an energy recovery unit Associated office space is air conditioned by a VRV (variable refrigerant flow) system for high efficiency and lower energy expenditures. The system interfaces with the BMS (building management system) for scheduling and centralized parameterization to avoid operation during unoccupied periods; The latest VRV system technology provides cooling to the office space; Re-circulated air from offices ventilates the UPS/battery room through transfer fans, which reduces the amount of treated fresh air; Modular UPS systems adjust capacity to actual IT loads. The lighting is switched by a lighting control system that includes automatic motion sensors and centralized parameterization and scheduling to avoid operation during unoccupied periods; The BMS (Building Management System) integrates all subsystems, either directly or via SNMP (Simple Network Management Protocol), KNX, and data center infrastructure (DCIM) controls. The system allows an overall insight on the operations of the data center, monitoring all energy expenditures, faults, and alerts; DCIM optimizes operations and increases overall efficiency
  • To reduce the Bank’s carbon footprint, CL departments and branches became greener this year with reduced paper consumption and responsible recycling for glass, plastic, electronic consumables and others
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