"Acting Green" at the core of Banque Libano-Francaise strategy while financing its Earth Card competition winning projects

Dec 10, 2012

In line with its ‘green’ commitment to preserve Lebanon natural heritage, the Bank, in collaboration with the United Nations Development Programme – Lebanon (UNDP), held a gathering on December 10, 2012, at Phoenicia Hotel to award valuable prizes to three winners of the 1st Earth Card competition, launched in September 2011 in the framework of the “Towards Sustainable Energy” theme.

Organizations were invited to submit project proposals focusing on energy saving, renewable energy, and energy efficiency. By the end of January 2012, a total of 19 project proposals were received and evaluated by a jury of BLF and UNDP representatives as well as experts in the energy and environment fields.

The prizes amounting to a total of USD 40,000 were handed out to the three following projects: - Green Roofs project at the Lebanese Canadian Modern School in Rashaya Alwadi (by G, a national NGO) - Energy Saving Technology in Batroun (by the Center for Development, Democracy and Governance) - Intelligent street lighting in Assia Municipality (by the Assia Municipality) The financing of these projects was made possible thanks to a percentage of the revenues generated from BLF Earth Card, the first green card in Lebanon. Banque Libano-Française is in fact playing a major role in tackling local environmental issues at a time when the world began sounding the alarm over the need of cutting greenhouse gas emissions in the 18th United Nations Climate Change Conference in Doha; and raising a red flag on the dangerous levels of warming resulting in droughts, floods, etc…

UNDP in Lebanon assists the people of Lebanon and the government through the different public agencies in strengthening institutional capacity and providing policy support for more effective environmental and energy management. The theme for the 2012-2013 BLF-UNDP competition, “Promoting Water Conservation”, was also revealed during the gathering, to finance projects focusing on water saving and management in Lebanon.

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