Bank aims to cut carbon footprint

Bank of Valletta is installing around 300 photo-voltaic panels in 16 of its branches, with the aim of reducing its carbon footprint by around 105,000 kilos of CO2.

Collectively, this will be one of the largest PV panel farms in Malta and will generate around 350 units of electricity every day.

The exercise started off with conducting a comprehensive study of all branches to see where it was feasible and efficient to install the panels, particularly taking into account surrounding buildings that could mask direct sunlight.

The investment is part of an ongoing effort by the bank to reduce its utilities consumption, improve its waste management through reduction and recycling, and reduce emissions from its vehicle fleet.

“This is the bank’s second initiative this year to decrease electricity demand on the national grid,” said BoV green manager Mark Marmarà.