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CDP 2017: Millennium’s role in addressing climate change recognised

The role of Group Millennium in addressing climate change has been recognised by the non-governmental organisation Carbon Disclosure Project (CDP). The bank has been classified as "A-" in the "Leadership" category. Only 10% of the more than 1.000 companies surveyed achieved this category.

CDP classifies companies within four performance levels: from the "Disclosure" level, for companies that only disclose information concerning consumptions, to the highest level – "Leadership" - aimed at companies that stand out for the environmental practices' excellence, with two intermediate levels - "Management" and "Awarness".

This CDP yearly assessment provides information for investors and analysts – financial and non-financial – and the number of companies involved already accounts for more than half of the world stock market capitalisation.

Millennium Group environmental performance...

It is within this context that Millennium, which follows a Sustainability strategy that incorporates and promotes climate change fight and environmental responsibility, protecting the surrounding environment, preserving natural resources and rationalising consumptions, regularly monitors a range of environmental performance indicators that measure, in all geographies, the bank's eco-efficiency and its main consumptions.

Overall, the Bank's level of eco-efficiency has been steadily improving in recent years as a result of investment in new solutions and equipment - of which the new Photovoltaic Solar Energy Plant is the latest example - but also of optimizing processes and of the adoption of behaviours that are always more attentive on the part of Employees, positively influenced, in this case, by the internal campaigns of environmental awareness.

Millennium, which in Portugal has witnessed a 26% decrease in its greenhouse gas emissions over the last four years – 18% if one considers all the operations of the Group – proposes to achieve a new 5% reduction in 2017, hence continuing to improve the bank's environmental performance.

These results, which motivate us to pursue policies - and to adopt practices - to continue to enable the consistent decrease of consumption and waste of resources in the different operations of the Group, are an important contribution to the effort of optimizing operating costs, but mainly for mitigating ecological "footprint" of the Millennium in the world.