In 2020 Sberbank saved 60 railroad cars of paper

Feb 11, 2021

In 2020, Sberbank reduced paper consumption by 742 million sheets, which is approximately the volume of 60 railway cars, stated Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank, at the plenary session “ESG: from words to real actions” of the 10th All-Russian Corporate Governance Forum.

Sberbank has been committed to reducing paper consumption drastically in both its internal operations and when working with customers since 2018. As a result, every year the bank cuts its paper document circulation by about 30%.

What is it on a bank scale? The consumption of paper that remains in storage at the bank and is issued to customers decreased by 742 million sheets in 2020. That is, we saved about 3,700 metric tons of paper, which means we saved about 60,000 trees. This year we are set to reduce paper consumption further by at least 500 million sheets.

Alexander Vedyakhin

First Deputy Chairman of the Executive Board, Sberbank

Sber is actively reducing its environmental footprint in other areas, too. In addition to national ESG initiatives, the bank had approved more than 1,000 local ones, Alexander Vedyakhin said.

For instance, the bank is increasing the share of green energy purchases and plans to raise it to 30% by 2023. The first green energy-powered office is Sber’s central branch in Ulyanovsk with the monthly consumption of about 90,000 kWh. Since October 1, 2020, the branch has been using wind energy.

Sber also increases the proportion of recyclable waste. For example, used plastic cups from the offices are recycled into ballpoint pens and bank cards become raw materials for plastic windows and window sills. Sber has the goal of bringing the share of recyclable waste to 40% by 2023.

On top of that, Sber practices “green” purchasing and motivates the market to make such purchases. Since November 2020, agreements with each supplier of the bank feature a separate appendix on compliance with the sustainable development principles. The bank works with suppliers that show their environmental friendliness.