Sustainable Thinking and Actions
We Finance Sustainable Business
We are the first specialised bank in Lithuania that started assessing the sustainability of companies with the help of a special questionnaire prior to granting a loan.
Under the European Investment Fund’s sustainability guarantee, we provide loans to small and medium-sized enterprises and help support innovation and promote the transition to a greener future.
We Are Sponsors of the Ancient Woods Foundation
We aim to make a real contribution to the preservation of Lithuanian forests and their biodiversity, to help forest areas become real old-growth forests, and also to strengthen the public’s understanding of the importance of sustainability. The Fund effectively uses our support to buy biologically valuable mature forest, thus protecting it from logging or other negative human activities.
Our Commitment to Sustainability Is Strong
Starting 2021, we prepare and publish annual Sustainability Reports. Sustainability reporting is a global practice whereby businesses disclose sustainability information and impact on the environment, climate change, human rights and welfare. For companies that seek sustainable development, these reports are a necessary practice in order to assess the current situation, track changes and set goals. According to the data provided in the last report, Mano Bank meets the concept of a sustainable organisation.
Our Sustainability Journey
We helped Sengirė Fund to buy a record-sized 39.2 ha forest parcel for protection
Sengirė Fund bought a record 39.2 ha forest plot in Pašekščių Forest, near Pagraužės village, Molėtai district. This is not only the largest parcel ever bought, but also the first forest adjacent to lakes to be protected by the Found. The buyout was made possible thanks to the mobilised support of the community and like-minded supporters, including Mano Bank.
We help preserve 6.08 ha of forest in Šilutė District
Our support to Sengirė Fund allowed it to buy a 6.08 ha plot of forest in Pangiriai of Šilutė District for the purpose of guardianship. This way we ensured that the forest would remain untouched by economic activity, be protected from logging and would eventually turn into an old-grown forest.
European Investment Fund guarantee for sustainability loans
In October 2022, we signed an agreement with the European Investment Fund on a guarantee for loans under the Invest EU programme. Under the sustainability guarantee, more than 25 million euros will be provided as support for financing new loans to small and medium-sized enterprises for them to contribute to Europe’s green transition. Projects that aim to make services, products and infrastructure more accessible to people with disabilities can also apply for these investments.
We joined the Lithuanian Responsible Business Association
In January 2021, we became a full member of the Lithuanian Responsible Business Association.
In August 2021, we approved the Environmental Protection Strategy, in which we undertake to continuously reduce the bank’s direct impact on the environment: the use of fossil fuels, generation of waste and emission of greenhouse gases (GHG). The bank’s GHG emissions are calculated according to the methodology of Green House Gas (GHG) protocol.
Good governance is one of the main aspects of the bank’s success
A key part of the bank’s business model is to assess and manage risks. A multi-level internal and external supervision system is used for this purpose. The bank has the Board of Supervisors, which consists of four members, and a three-member Board. Three committees have also been established: the Audit Committee, the Loans Committee and the Business Relations Committee.
