GTBank increases solar-powered branches to 48, diesel consumption drops

Guaranty Trust Bank Plc says the total number of its branches/business offices powered by solar energy increased by six last year to 48 from 42 in 2019.

The bank currently has six main branches, six e-branches and 36 offsite locations powered by a hybrid of solar and conventional energy supply (grid and diesel generators), according to its financial statements.

“These branches have ATMs and communication devices powered by solar panels. The number of our ATMs powered by alternative sources of energy (solar energy) also increased from 84 in 2019 to 92 in 2020,” it said.

GTBank said there were no negative environmental and social impacts issues reported on any of its branches or projects financed in 2020.  

It said the total litres of diesel consumed decreased by 3,258,874.48 litres between December 2019 to December 2020.

The bank said, “The decrease over both reporting periods was as a result of timely shut down of our branches by 6:00 pm and the adoption of energy efficiency practices such as switching off of all unused electrical appliances.

“To reduce the exposure of our business offices to COVID-19 and safeguard the health and safety of all staff, the bank has implemented weekly rotation of the opening of our branches, we have also implemented work from home strategy and we continue to encourage our customers to migrate to the use of our alternative delivery channels.”

It said the diesel usage per staff reduced over the corresponding period due to the significant reduction in the total litres of diesel consumed over the period.

“There was also a reduction in carbon footprint per employee from 0.86 to 0.67 tonnes per employee,” GTBank said.

It said its paper consumption bank decreased by 35 percent last year, which it attributed to the use of electronic means of transmitting information as a way of promoting health and safety in the workplace in response to COVID-19.

The bank said the waste generated in the reporting period decreased by 33.4 percent.

“The litres of fuel consumed by our fleet cars and the total water consumption reduced by 46.9 percent and 70.3 percent respectively. These was mainly associated to our Work from Home strategy and the weekly rotation of the opening of our branches,” it added.

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