Potential offtaker

Komercni banka, a.s.

www.kb.cz

Estimated electricity consumption

N/A

Countries of production presence

N/A

Komercni banka, a.s. (KB) is one of the leading banks in the Czech Republic, with a strong presence in the retail banking sector. The bank was founded in 1990 and has since grown to become a major player in the Czech financial market, offering a wide range of financial products and services to its customers.

As a responsible corporate citizen, KB is committed to reducing its carbon footprint and promoting sustainable development. The bank has taken several initiatives to promote decarbonisation and reduce its environmental impact. One of the key areas of focus for KB is corporate energy management, which involves the efficient use of energy and the adoption of renewable energy sources.

KB has implemented several measures to reduce its energy consumption and promote energy efficiency. The bank has invested in energy-efficient technologies and equipment, such as LED lighting and HVAC systems, to reduce its energy consumption. KB has also implemented a comprehensive energy management system that monitors and tracks the bank's energy consumption and identifies areas for improvement.

In addition to energy efficiency measures, KB has also adopted renewable energy sources to reduce its carbon footprint. The bank has installed solar panels on the roofs of its buildings to generate clean energy and reduce its reliance on fossil fuels. KB has also signed a corporate power purchase agreement (PPA) with a local renewable energy provider to purchase renewable energy directly from the source.

The corporate PPA is a key component of KB's renewable energy strategy, as it enables the bank to source renewable energy at a competitive price and reduce its carbon footprint. The PPA also provides KB with a stable and predictable source of renewable energy, which helps the bank to manage its energy costs and reduce its exposure to energy price volatility.

KB's commitment to decarbonisation and renewable energy is not limited to its own operations. The bank also supports its customers in their efforts to reduce their environmental impact and transition to a low-carbon economy. KB offers a range of sustainable finance products, such as green loans and green bonds, to support its customers' investments in renewable energy and energy efficiency.

KB's sustainable finance products are designed to promote sustainable development and support the transition to a low-carbon economy. The bank's green loans provide financing for energy-efficient projects and renewable energy installations, while its green bonds enable investors to finance sustainable projects and earn a return on their investment.

In conclusion, Komercni banka, a.s. is a leading bank in the Czech Republic that is committed to promoting sustainable development and reducing its environmental impact. The bank has taken several initiatives to promote decarbonisation and reduce its energy consumption, including the adoption of renewable energy sources and the implementation of a comprehensive energy management system. KB's commitment to sustainable development is reflected in its range of sustainable finance products, which support its customers' investments in renewable energy and energy efficiency.

✓ Declared Net Zero commitment