On the road to climate neutrality
At the core of the term "sustainable finance" stands the idea of long-term investing that is socially responsible and does not harm the environment. The aim is to combine good economic results(economic prosperity) with a positive impact by investing in projects and organizations that contribute to the sustainable development of a sector.
The context in which businesses operate has been transformed by a variety of environmental, social and governance (ESG) aspects such as climate change, human rights and business ethics as well as concurrently unfolding trends such as biodiversity loss, unsustainable use of natural resources, human demographic shifts, social and economic inequalities and a pandemic. For this reason it is of fundamental importance for BACB to integrate environmental, social and corporate governance (ESG) into the bank's business model.
A major part of the Bank's Corporate Policy is based on our aspiration to bank responsibly, to be a fair partner and to work for the benefit of society. Driven by our core values "Professionalism, Integrity and Transparency", BACB's vision is to maintain its position as an efficient and adaptive bank. We at BACB believe that the implementation of ESG factors in all processes is fundamental for long-term development, as well as for the adequate response to market expectations, customer support and society as a whole.
Main drivers of our sustainability agenda are:
- Adopting an overarching and inclusive sustainability framework so that BACB can meet stakeholder needs and expectations with an ambition to contribute to sustainable development and stimulate the necessary internal and external transition.
- Complying with all related regulatory requirements and supervisory expectations as set by competent authorities in the area of sustainability/ESG.
- We are responsible and active regarding ESG topics in our own practice as a company
- We seek adequate application of ESG principles in the companies in which we invest
