“HCOB is fully aware of its impact and takes an active role“
The SDGs are a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. HCOB further intensified its efforts to consider the SDGs in its business activities.
SDG Contribution at the Portfolio Level
SDG 7
SDG 9
SDG 11
SDG 13
Affordable and Clean Energy
HCOB promotes SDG 7 by being an experienced financier of renewable energy. Its loan portfolio includes wind and solar farm projects as well as district heating networks, thereby contributing significantly to the energy transition in Europe.
Industry, Innovation and Infrastructure
HCOB contributes to SDG 9 with its infrastructure and shipping portfolio. Its infrastructure portfolio includes projects such as optic fibre networks, data centres, heat grids as well as biomass and alternative fuel-based combined heat and power plants. The shipping portfolio supports global transportation of goods reliably and efficiently.
Sustainable Cities and Communities
HCOB promotes SDG 11 through its role as a pioneer in project financing for renewable energy and infrastructure. The Bank also focuses on the modernisation of properties in its real estate portfolio.
Climate Action
HCOB contributes to SDG 13 by prioritising the reduction of the Bank’s financed emissions as its biggest lever in fighting the climate crisis. The Sustainable & Transformational Finance Framework classifies financings as ‘sustainable’ or ‘transformational’ with respect to climate change.