MasterCard won the “Sustainable Initiative of the Year” award

By: Trademagazin Date: 2023. 02. 17. 10:22

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The “Sustainable initiative of the year” category of MasterCard’s Bank of the Year competition was won by K&H Bank’s green home loan, which is the first and so far unique on the market to simultaneously help achieve climate protection goals and provide an alternative to runaway utility bills. “Our green loan is the first market-based green loan product on the Hungarian market, which can be taken out for the purchase of new, favorable energy-efficient properties, as well as for the modernization of used properties,” said Suba Levente, head of the K&H Group’s Sustainability Program Office.

K&H ‒ as a member of the KBC Group ‒ made a serious commitment in the field of climate protection in 2019, when it agreed that it would finance a climate-change-resistant economy with low CO2 emissions in accordance with the Paris Agreement. This is necessary to keep global warming below 2°C.

In order to comply with its Sustainability Program, the bank group not only achieved significant results in terms of its operations in order to reduce its own carbon footprint, but also developed financial products that support the achievement of climate goals