As a financial institution, our environmental
impacts are much lower than those of other industries.
We are, however, committed to continuously improving
the management of our potential and existing environmental
risks and impacts through our risk management
structure. More information on our risk structure
is published in our 2004 annual report.
Our risks include direct (water, waste, energy
and emissions) and indirect impacts (through financing
activities). The main impact of indirect risks
would be financial and reputational loss.
The group does not participate in project financing
transactions unless the relevant project participants
and beneficiaries adhere to all legislative requirements
(including environmental laws) and where applicable,
local and international environmental guidelines.
Any major non-conformance in environmental management
is reported to the group risk management committee
or the group audit committee.
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