Big Companies Are Often Accused of Greenwashing, But Top Bank is Making Changes

  • 24 Sep 2021 12:53 PM
  • Hungary Around the Clock
Big Companies Are Often Accused of Greenwashing, But Top Bank is Making Changes
OTP is aiming to become net carbon neutral next year and this policy will be expanded to subsidiaries later, deputy CEO Péter Csányi said at a press meeting organised by the bank and Mastercard.

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

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