Big Companies Are Often Accused of Greenwashing, But Top Bank is Making Changes
- 24 Sep 2021 12:53 PM
- Hungary Around the Clock
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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