Environmental Protection


USD 11300

In partnership with a certified expert, we conducted a comprehensive audit of our carbon footprint by monitoring all our premises: branches, offices and warehouses. This process was launched in 2012, hereafter considered as base year, with a view to comply with the GRI guidelines on environmental impact.
As per our Greenhouse Gases (GHG) inventory based on the GHG-Protocol Corporate Standard, we have reported on the following seven GHG: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3). The GHG calculations were performed using well established tools and methodologies following the GHG Protocol developed by the World Resource Institute (WRI, 2006b, c) and using an internationally recognised tool allowing the standardisation of the
USD 5600

procedures and calculations, which is key in order to quantify and compare emissions accurately. The calculation of the emission factors and the global warming potential (GWP) rates used are based on GHG-Protocol which uses the IPCC emission factors provided in the IPCC guidelines of 2006, the IPCC Second Assessment Report (1995), and the local emission factor for electricity communicated by the Lebanese Ministry of the Environment. The total GHG emissions from Bank Audi Group Lebanon in 2016 were 19,976.2 tCO2e. It is important to note that this number has decreased when compared to 2012, the baseline year; all while acknowledging that the employment and the space occupied by our business has increased.
Table 22: GHG Emissions