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Banca Transilvania has achieved a very good ESG rating from Sustainalytics

Comunicat de presa 2022-07-07
Banca Transilvania has achieved a very good ESG rating from Sustainalytics

Banca Transilvania has achieved a very good ESG Risk Rating (17) and is placed in the „Low Risk category” of the Sustainalytics’ analysis related to ESG initiatives and performance. The result ranks BT as no. 133 out of 1,003 banks globally, placing it in the top 15% of all companies analyzed by Sustainalytics and in the top 8% of regional banks. Sustainalytics is one of the leading global providers of ESG ratings.

This is the first external independent ESG assessment of Banca Transilvania and it analysed corporate governance, the integration of the ESG factors into the business model, data privacy and security, the followed ethical principles, product and service offering, and human capital development. The analysis criteria are based on 10 international standards and frameworks, such as the Global Reporting Initiative, the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosures and the World Economic Forum.

Sustainalytics noted Banca Transilvania’s performance in the following aspects:

  • governance of the product and service offerings;
  • policy of excluding the polluting sectors from lending, such as fossil fuel financing;
  • responsible marketing policy;
  • initiatives implemented for the human capital development.

Omer Tetik, Chief Executive Officer, Banca Transilvania, declares: “Transparency regarding the objectives, impact and performance of our operations is essential to maintain the confidence of our customers and investors, which is why we wanted an independent assessment. While responsible financing, supporting the local economy and community engagement have always been in our bank’s DNA, we are very pleased with this external recognition of the BT’s environmental, social and governance commitments, i.e. the ESG components. We continue to strengthen our portfolio of impact financing and continue to develop Romania by granting access to finance, banking products, education and through financial inclusion.”

More details on Banca Transilvania’s sustainable initiative can be found on the ESG section from the bank’s website and in the BT 2021 Sustainability Report