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Home Business BANKS GeoBanks

Green Banks in Georgia

The FINANCIAL by The FINANCIAL
May 16, 2011
in GeoBanks
Reading Time: 3 mins read
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The FINANCIAL — Environment protection and tree planting is one of the main priorities of Georgian banks implementing CSR activities, according to most of Georgian banks.

“Environmental protection is responsibility of everyone”, Tiko Janashvili Communications and PR Coordinator, of  Bank Republic, believes. “BR became involved in the environmental protection campaign of Green Office, which involves recycling of used paper. Paper is the most prevalent material in municipal solid waste and paper recycling can help us significantly contribute in protection of natural resources and reduce the amount of waste,”  Tiko Janashvili said.

“Protection and safeguarding the environment is one of the key points, where the staff does its best to individually and collectively contribute to the nature protection”, Bank Republic officials note.

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“Under the worldwide environment improvement program of Société Générale Group, Bank Republic is fully involved in environmental protection issues. After a campaign for reducing water, energy and paper consumption in 2009, we have put in place an action for collecting papers for recycling in 2010, ” Bank says.

Bank of Georgia, periodically implements different events in the sight of environment and nature protection. Among the projects about environment protection was the patronage of Borjomi-Kharagauli Park, via Fund of Bank of Georgia.

Bank of Georgia in October 2009 and in 2010 allocated USD 75 000 for supporting Borjomi-Kharagauli park. Allocated sum was consumed for looking after the forest in Borjomi-Kharagauli territory and financing the current expanses.

According to Bank officials, BOG was actively involved in forest building process, in the regions that were harmed by the fire. And in 2008, special product, green deposit was created for reconstructing the forests that were burnt during the August War in Georgia.

“In case of opening Gel 500 or up, Term or Childrens Deposits, Bank of Georgia planted a tree in Borjomi-Kharagauli Park.  In frames of this project our bank planted 45 000 different types of trees. All of the needed procedures for planting the trees were executed. Since the planting of seeds till nowadays and for the end of the year 2012, we still continue to implement our activities for supporting growing up the seeds in a right way. In 50 years on this territory there will be a forest,” Khatuna Kakabadze, Traditional Media Planner, Branding Department of Bank of Georgia notes.

Bank Republic, is taking into consideration the commitment of suppliers, whenever possible, regarding environment, according to its officials.

“From 2008 we use copy and laser paper made from 100% Elemental Chlorine Free pulp only. We allocate the specific green areas around the offices (2000 Sq/M), for example in front of the Head Office. We will pursue the permanent process regarding quality and protection of environment. The special comprehensive toolbox, energy efficiency oriented, that will help Bank Republic to improve the management of environmental issues, is already applicable,”Janashvili says.

Bank of Georgia is also actively involved in the programme of using Green Recycle, according to its officials and at the offices of BOG green recycle bins are available.

Bank Constanta has allocated GEL 50 000 last year for CSR activities.

“CSR is one of the values of Bank Constanta, we are maximally trying to implement it as in banking service so in different projects and activities. Environment protection is one of the parts of CSR activities, so it’s one of the priorities for our bank as we are more oriented on agro sector and development of this sphere. It’s much important to care about country’s’ ecology and natural resources. Our bank often takes part in the projects connected to environment protection,” Bank Constanta notes.
“In 2010 bank Constanta with the support of the Ministry of Environment Protection of Georgia implements environment project in Tserovani on the territory of internally displaced people. The aim of the Project is to reestablish natural wind lines that will reduce the influence of climate change and supports to maintain the ecologic stability.

“We have planted 1000 different types of trees, and our bank will look after these trees for 3 years,” Nana Chkhikvadze, PR Officer at Bank Constanta says.

“We have special budget for environment protection projects and we will keep on financing different projects in this direction,”Chkhikvadze says.

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