Annual Report 2020

MAGYAR NEMZETI BANK

Pak cartons was introduced, further reducing the amount of waste going to landfill. In 2020, the modified work schedule because of the pandemic reduced the presence of employees in the office, with a related reduction of 41 tonnes of municipal waste in 2020. All of the scrapped electronic devices and equipment were donated to charity organisations for recycling purposes in 2020. The proportion of hazardous waste in total waste was just 1.1 per cent.

Water management Due to the lower office occupancy rate, drinking water consumption decreased by 24.7 per cent in 2020. In the summer months of 2020, the overall average temperature was 0.5 °C lower, resulting in a 41.8 per cent decrease in the amount of well water used for irrigation.

Evolution of the carbon footprint of the MNB’s operational activities One important objective for the 2020-2022 strategic period is to refine the carbon footprint calculation model and to revise and update the emission factors used. In 2020, the range of elements causing environmental pressures resulting from operational activities was expanded, and factors from the Clim’Foot database, also proposed by the WWF, were used in the model. The carbon footprint related to electricity consumption decreased by 35.9 per cent in 2020. This was partly due to lower energy consumption

and partly due to the provision of 20-per cent renewable electricity for the Head Office and the Logistics Centre. The decline in business travel emissions was significant; the smaller number of conferences and other events and their online delivery, even with a 20-per cent increase in emissions from taxi use, showed a decline of almost 80 per cent. The carbon footprint per capita decreased by 32.3 per cent in 2020.

3.11 FACTORS SHAPING THE COMMUNICATION OF THE MNB In 2020, the MNB considered it important to continuously and transparently present the central bank’s activities, achievements, reports and recommendations. In order to supply comprehensive information and continuous updates on its technical work, the MNB held 35 press conferences and published 270 press releases. In addition, during the year it published 142 professional articles in the print press, on online economic portals and on its website in order to maintain the reputation created by the MNB’s high quality professional work and to reinforce positive public opinion. The central bank sought to increase the financial awareness of the corporate sector and the public through its social responsibility, supervisory, market surveillance and consumer protection activities and communication actions. The MNB also organised international conferences important for the management of its reputation abroad,

Table 7 Evolution of the carbon footprint of operational activities Carbon footprint/cause

2019

2020

Change %

Electricity

4092

2624

-35.9

Natural gas and districk heating

848

966

13.9