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BOV marks World Environment Day
03 Jun 2021

This year’s World Environment Day is a reminder that we cannot turn back time, but whether as individuals or as entities, we need to get active to sustain the earth and let nature have its say. 

As it has done for many years, Bank of Valletta continues to reaffirm its commitment to safeguard the environment. During these challenging times, the Bank has once again embarked on various initiatives aimed at encouraging both staff members and customers alike to speak up for the environment. “As one BOV team, we collectively put in place considerable efforts to support and accelerate environment-friendly initiatives,” said Charles Azzopardi, Executive PR & Marketing at Bank of Valletta. “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, whereby they analyse their unit’s operations to identify areas where they can reduce the negative impact on the environment. The preliminary outcomes of this initiative were so far remarkable. One unit is saving over 1,500 printed sheets of paper every month by switching physical product information guides to electronic versions. Another department transformed itself into a completely paperless office and now has self-appointed sustainability champions to ensure that the office remains paperless. The recent ‘Go Beyond the Hour’ campaign challenged BOV staff to take up several environment-friendly tasks together with their families, with the winners donating their prize to their favourite green causes - Żibel, Saġġar and Nature Trust Malta.

“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,” stated Kenneth Farrugia, BOV’s Chief Retail Banking Officer. “In fact, the Bank’s range of energy loans provides our customers with affordable financing solutions to support consumers’ 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!”

“Protecting the planet should not be based on sporadic initiatives, but rather this should be our way of living. As we mark this year’s World Environment Day, at Bank of Valletta, we look back with pride at what we have achieved together with our customers, employees and other partners. In line with our ESG vision, we will continue to work hard towards meeting the UN Sustainable Development Goals for climate action, cleaner oceans and a sustainable life on land. Now more than ever, we must act for nature, together,” concluded Azzopardi.

All loans are subject to normal bank lending criteria and final approval from the Bank. The term of the loan must not go beyond retirement age. Terms and conditions are available on www.bov.com. Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, Il-Belt Valletta VLT 1130.  Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta).

 

 

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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).