By the nature of its business, Vnesheconombank does not have a direct material impact on environment. The core resources consumed by the Bank to support its office operations include electricity, heat and water. Still, in line with the best practices of Russian and international financial institutions, Vnesheconombank is embedding the green office principles into its operations considering this as an important sustainability task.

In 2013, Vnesheconombank continued developing its corporate environmental policy seeking to make the management of environmental aspects of the office operation more efficient. As part of this policy, Vnesheconombank will implement certain practices that are both directly related to operating processes and aimed at building a robust corporate environmental culture.

Objectives of the corporate environmental policy

• Build a system tracking the environmental impact by administrative and business operations.
• Implement environmentally efficient technologies.
• Build the organisational framework to implement the corporate environmental policy.
• Promote the environmental thinking.
• Promote environmental responsibility values across the Russian business community.

Vnesheconombank’s environmental policy is based on the “lifecycle” approach defined in ISO 26000:2010 Guidance on social responsibility international standard which aims to reduce the environmental impact at all lifecycle stages: from procurement to service life expiry and disposal.

Vnesheconombank tries to minimise the environmental impact of its general and administrative operations in the following key areas:

• green procurement policy providing for universal environmental requirements to goods, works and services purchased by Vnesheconombank and environmental friendliness criteria met by suppliers;
• sustainable resource use through administrative mechanisms and technologies for efficient electricity, heat, water, paper, and commodity consumption and through the streamlined use of corporate vehicles;
• waste management by reducing waste and increasing the share of recycled or processed waste and by identifying alternative uses of decommissioned property;
• tracking of environmental expenses that includes capital and operating expenses of Vnesheconombank, including expenses related to waste disposal, investment in energy saving equipment and technologies, improvements to the environmental management system, and fees payable for adverse environmental impact.

In 2013, Vnesheconombank ran an energy survey that resulted in a fuel and energy consumption schedule and the Advanced Energy Saving and Energy Efficiency Programme. The Programme is designed to ensure the mandatory compliance with the organisational, legal, economic, research and engineering conditions that drive the energy efficiency of Vnesheconombank by unlocking the identified energy saving capabilities.

In 2013, Vnesheconombank’s capital expenses for investment in conservancy totalled RUB 114.54 mn, including:

• RUB 109.81 mn for acquisition of corporate motor vehicles at least compliant with Euro-4;
• RUB 3.02 mn for the repair of the office building involving advanced insulation materials;
• RUB 1.72 mn to acquire energy efficient office equipment.

In 2013, Vnesheconombank paid out RUB 2.21 mn for adverse environmental impact, including RUB 2.21 mn for waste disposal and RUB 5.33 thousand for pollutant emissions by its vehicles. The cost of municipal solid waste and disposal of mercury lamps was RUB 1.50 mn. No fines and non-financial sanctions were imposed on Vnesheconombank for incompliance with conservancy and natural resource use requirements.

Resource consumption

Vnesheconombank cuts down its resource consumption by using energy efficient equipment for office work and running its scheduled preventive maintenance, and by running necessary repairs in office buildings using advanced insulation materials. Apart from that, the Bank controls the supply of heat and ventilation in premises to save heat during the cold seasons and electricity used by refrigerating equipment in summer.

Electricity consumption by Vnesheconombank

In 2013, Vnesheconombank marginally increased its electricity consumption as a result of commissioning of 7 lifts in Zone K of the Bank.

Heat consumption by Vnesheconombank, GJ

In 2013, Vnesheconombank consumed less heat energy as a result of streamlining its ventilation system operation. The streamlining exercise was done as part of the Advanced Energy Saving and Energy Efficiency Programme of Vnesheconombank for 2013 — 2017.

Water consumption by Vnesheconombank, m³

In 2013, Vnesheconombank marginally increased water consumption as a result of a number of new structural units and a higher headcount.

Paper consumption by Vnesheconombank, tonnes

Vnesheconombank buys paper products in companies that pursue responsible environmental and social policies. Paper used by Vnesheconombank meets advanced environmental requirements and is certified under international standards, including Nordic Swan, EU Flower, and PEFC. Vnesheconombank has cut down on its paper consumption by embedding electronic document flow and setting paper use limits.

Despite all measures taken in 2013, Vnesheconombank rather considerably increased its paper consumption as a result of new structural units set up and the mounting amount of information and entertainment printing materials used for forums and workshops organised by Vnesheconombank and investment projects implemented by the Bank.

Waste generated by Vnesheconombank

Use of corporate vehicles

In 2013, as part of its Advanced Energy Saving and Energy Efficiency Programme for 2013 — 2017, Vnesheconombank continued upgrading its vehicle fleet by acquiring motor vehicles environmentally compliant with at least Euro-4. The share of such vehicles in its fleet grew to 88.9% as compared to 85.2% at the end of the previous year. Fuel purchased by the Bank meets the environmental requirements of Euro-4. All vehicles of the Bank are subject to regular scheduled preventive maintenance. The Bank also has in place fuel consumption limits and streamlines its corporate itineraries.

Total mileage, fuel consumption and CO₂ emissions by Vnesheconombank’s vehicles

In 2013, the total mileage and fuel consumption by Vnesheconombank’s vehicles slightly grew driven by an increase in the number of business trips. However, Vnesheconombank’s vehicles decreased their average capacity per kilometre of mileage as a result of measures taken to enhance the efficiency of vehicle use.

Key measures taken by Vnesheconombank Group’s entities to reduce their adverse environmental impact

Resource consumption by Vnesheconombank Group’s entities

Waste generated by Vnesheconombank Group’s entities

Total mileage, fuel consumption and CO₂ emissions by vehicles of Vnesheconombank Group’s entities

Investment in conservancy by Vnesheconombank Group’s entities (RUB thousand)

Waste stewardship costs of Vnesheconombank Group’s entities (RUB thousand)

Fines and non-financial sanctions for violation of environmental laws