BOV’s Kenneth Farrugia notes drop in ‘one million sheets of paper’ as Bank marks World Environment Day

Ahead of World Environment Day this Saturday 5th June, Bank of Valletta pledges its ongoing commitment to safeguarding the environment through its various existing initiatives aimed at engaging its own employees as well as its customers towards doing their part.

Kenneth Farrugia, BOV’s Chief Retail Banking Officer, says “Besides the contribution to the environment through our Environmental and Social Governance strategy, we strive to ensure that the Bank’s product suite also includes specifically designed solutions to encourage customers to take the green leap.”

Mr Farrugia explains that the bank’s range of energy loans provides customers with affordable financing solutions to support their transition from carbon dependence to green alternatives, such as equipment and fixtures that generate renewable energy and promote energy efficiency.

“Moreover, we are delighted to see the shift from traditional to digital banking, as this is one tangible way of how we can help reduce environment degradation. Other initiatives, such as the switching from paper based bank statements to e-statements translated into a reduction of over 1 million sheets of paper, and 500,000 envelopes are being saved every year.”

Commenting on the bank’s internal green initiatives, PR and Marketing Executive, Charles Azzopardi, says “The environment continues to play a significant role in the bank’s Community Relations Programme, where we actively encourage our employees, customers and key stakeholders to give serious consideration towards a greener planet.”

BOV employees are currently engaged in a ‘Go-Green’ initiative, where they analyse their unit’s operations to identify areas where they can reduce the negative impact on the environment.