The Bank's ESG Strategy includes clear goals regarding energy efficiency, climate neutrality and minimizing the environmental footprint.
In one of the biggest challenges for the financial industry, the strategies that banking institutions are required to implement to protect the environment, social welfare and improve corporate governance (ESG) emerge.
Fully aligned with the goals and values of sustainable development, Hellenic Bank has drawn up its strategy for the environment, society and governance (ESG), which meets international standards and best practices.
Hellenic Bank's ESG Strategy, which was approved by the institution's Board of Directors in December 2022, reflects the commitment to meaningfully link the financial activities of the organization with environmental and social responsibility, as well as with effective corporate governance.
Determining factors in the formation of Hellenic Bank's ESG Strategy were the respective European and local strategies, the competition analysis, the existing supervisory framework, as well as the materiality analysis. In this context, four key pillars emerged on which the Bank's ESG Strategy is based: energy efficiency and zero carbon balance, the workforce of the future, resilience and performance and finally the sustainable ecosystem.
Serving the principle that the financial sector is able to make a decisive contribution to the prosperity and resilience of the planet, Hellenic Bank has adopted in its plan the Sustainable Development Goals for 2030, which were determined by the United Nations General Assembly in 2015. These are 17 goals , universal and interconnected, which provide both governments and businesses with a common framework for addressing sustainability challenges, while simultaneously creating new business opportunities.
Green transition< /p>
Hellenic Bank's ESG plan is fully harmonized with the philosophy of the transition to the green economy, while at the same time it focuses on the care and continuous training of the organization's workforce. In particular, the institution's ESG Strategy includes clear objectives, regarding energy efficiency, climate neutrality and the minimization of the environmental footprint, at all levels of the Bank's operation.
As regards the workforce. , emphasis is placed on the ongoing training of staff on ESG issues, but also on ensuring conditions for increasing job satisfaction and well-being, with an emphasis on respect for diversity and inclusion. Furthermore, Hellenic Bank prioritises the acquisition of an ESG rating within the next two years, as well as the strengthening of disclosure procedures regarding the sustainability and resilience of the institution's operations.
With the aim of being a living cell within in a sustainable ecosystem, Hellenic Bank's ESG Strategy is driven by the collective well-being and support of entrepreneurship, which includes both customer and shareholder support in green growth, as well as overall positive impact on society.
