Care for the environment is a fundamental value of Vnesheconombank. Although the Bank’s operations have no direct material environmental impact, we are consistently improving the environmental aspects of our office activities. As a result, Vnesheconombank was ranked among leaders in the first Russian rating of 'Green Offices of Russia — 2014' organised by Ecobureau GREENS supported by the Russian Ministry of Economic Development and the Department for Environmental Management and Protection of Moscow.
In 2014, Vnesheconombank completed its Corporate Environmental Policy that sets out key approaches of the Bank to embedding green office principles in its housekeeping activities. This document approved in early 2015 is driven by the lifecycle approach and provides for cutting back the adverse environmental impact of the Bank’s housekeeping activities at all of its stages: from the procurement procedure to the choice of waste disposal methods.
The lifecycle approach used by the Bank is fully compliant with all requirements of environmental laws and factors in recommendations of Russian and international sustainability and environmental management standards. Under this approach, all decisions of the Bank related to its procurement policy, resource consumption and waste management are made subject to their environmental implications.
SME Bank, Sviaz-Bank, BelVEB and Prominvestbank apply the most comprehensive approach to management of environmental aspects of housekeeping among Vnesheconombank Group’s entities. Other entities have in place regulatory documents that govern the rational use of resources and reduce the environmental impact of office activities.