Achieving net carbon neutrality is possible with two approaches: substantially transforming operations to cut emissions, and purchasing credits that offset them, he said.

OTP is starting to buy these credits and will spend an annual Ft 40-50 million on carbon targets.

The bank has also joined Mastercard’s Priceless Planet programme, supporting the planting of 50,000 trees with a €100,000 donation.

Multinational companies are often accused of greenwashing, admitted Endre Eölyüs, the head of the Hungarian and Slovenian operations of Mastercard, but this is already a positive move that will bring clear results over time, he said.


MTI Photo: László Róka