ProCredit Holding's Emission Reduction Targets Validated by Science Based Targets Initiative

ProCredit Holding AG’s ambitious near-term emission reduction targets have received validation from the Science Based Targets initiative (SBTi), aligning with the Paris Climate Agreement's objectives. The financial group aims to reduce its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2022 as the baseline year. This commitment emphasizes ProCredit’s dedication to sustainable business practices and its role in combating climate change. The company also plans to enhance its use of renewable energy and implement energy efficiency measures.

Moreover, ProCredit Holding has set significant targets for its Scope 3 emissions, focusing on lending and investment activities which constitute a major portion of its carbon footprint. The group intends to engage with clients, particularly those in small and medium-sized enterprises (SMEs) within the agriculture and manufacturing sectors, to adopt science-based emission reduction targets by 2027. Additionally, ProCredit commits to exclusively financing renewable energy projects up to 2030, further cementing its commitment to sustainability.

These initiatives reflect ProCredit Holding’s holistic approach to sustainability, incorporating both operational changes within the company and strategic engagement with its clients. The validation by SBTi underscores the group's alignment with global efforts to limit temperature rise to 1.5°C above pre-industrial levels, adhering to the Paris Agreement.