Resources and responsibilities continued Scope 1 (combustion of fuel and operation of facilities) Social impact through includes emissions from: business operations •combustion of natural gas, diesel and petrol in stationary equipment at owned and controlled sites; Bank of Georgia also continues to support Georgia’s and emerging economy by financing industries that are of •combustion of petrol, diesel and aviation fuel in owned strategic importance for the development of the country. transportation devices. Scope 2 (electricity, heat, steam and cooling purchased Corporate banking for own use) includes emissions from: Tourism Tourism is an important pillar of Georgia’s economy •used electricity at owned and controlled sites; to and the most rapidly growing industry. The Bank actively calculate the emissions, we used the conversion provides financing for hotel constructions throughout the factor for Non-OECD Europe and Eurasia (average) country and thus helps develop Georgian tourism brands conversion from the UK Government’s Greenhouse Gas and position the country as an attractive destination for Conversion Factors for Company Reporting 2016. travel and business. Scope 3 includes emissions from: Bank of Georgia financed a new hotel in the village •air business travel (short haul and long haul); of Kachreti in Georgia’s famous wine region – Kakheti. information on the class of travel is unavailable, hence, The hotel was commissioned in 2018 by Ambassadori we used an “average passenger” conversion factor; Group, a Georgian hotel chain that owns hotels in Tbilisi •ground transportation, including taxis, coaches and and Kachreti. The project financed by the Bank was an car hire; and expansion of an existing 182-room hotel in Kachreti, and •data on emissions resulting from travel is reported upon completion of construction, an additional 106 rooms for business-related travel only and excludes were added to its capacity. Besides wine tourism, the hotel commuting travel. offers a wide range of recreational activities and has one of the few professional golf courses in Georgia and an Total greenhouse gas emissions data (Tonnesof COE)2 Olympic-size swimming pool. 2018 2017 2016 Scope 1 2,034 2,504 1,937 Among tourist destinations in Georgia, Batumi remains one of the most popular cities. Bank of Georgia financed Scope 2 7,370 7,141 6,385 Real Estate Development Company (RedCo) to build Scope 3 3,029 2,819 2,077 Batumi Tower – a hotel, apartment and entertainment Total emissions 12,433 12,464 10,400 complex in downtown Batumi. Moreover, Bank of Georgia supported RedCo in financing a set of important projects FTEs 5,828 5,501 5,016 in Georgia’s most popular winter resort, Gudauri, namely Total emissions a five-star hotel under the Radisson brand and 26 other per FTE 2.13 2.27 2.07 development projects. In Tbilisi, the Bank financed Axis Towers – a complex of premium class Hotel Pulman, residences and offices in the most prestigious part of the capital. Another large project the Bank funded in the capital was a Hilton Garden multifunctional hotel in the centre of Tbilisi constructed by A&A Company. Bank of Georgia supported the latter by issuing a letter of guarantee. In addition to these investments in larger complexes, the Bank actively finances increasingly popular budget hotels as well. Bank of Georgia funded GDG Group to construct two budget 112-room hotels in the historic centre of Tbilisi. 74 Annual Report 2018Bank of Georgia Group PLC