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Gold Recognition from Community Index for three community engagement projects at Banca Transilvania

PRESS RELEASES
21 July 2022
READING TIME: 2 MINUTES
Gold Recognition from Community Index for three community engagement projects at Banca Transilvania

Three community engagement projects supported by Banca Transilvania received Gold Recognition from Community Index, with a score of over 85% in the evaluation.

Azores Sustainability & CSR Services, Romania’s market leader in Sustainability and CSR analysis, has published the fourth edition of the Community Index, the most comprehensive annual ranking of community investment projects, structured into nearly 20 categories and based on a scorecard of 46 indicators. Community Index reviews more than 850 projects in Romania each year, run from January to December. The ranking is part of the Romania CST Index (Corporate Sustainability & Transparency Index), which evaluates information in companies’ published sustainability reports.

BT-supported projects that received Gold Recognition for their complexity and performance:

  • Screening Saves Lives (Banca Transilvania, Regina Maria) – Employee Engagement category
  • Inclusive in the Neighborhood (Banca Transilvania, Fundatia Comunitara Bucuresti) – Sustainable Cities category
  • You choose which good deed to do via donations made through BT Pay (Banca Transilvania, Salvati Copiii, SOS Satele Copiilor, Hope and Homes for Children, Daruieste aripi, Tasuleaza Social) – Diversity & Inclusion category


Trends in Sustainability and CSR
According to Azores Sustainability & CSR Services, the market for community investments and donations has grown in recent years to over EUR 80 million annually, particularly for projects related to:

  • Education for pupils (8.4%)
  • Healthcare (11.5%)
  • Disadvantaged communities (18.1%)
  • Arts & culture (9.2%)
  • Climate change mitigation (under 5%)
  • Sustainable cities (4.4%)


Following the analysis, Azores Sustainability & CSR Services identified the following trends:

  • Greater corporate transparency on the results and impact of CSR projects;
  • Closer alignment of CSR strategies to industry specifics and to business strategy;
  • Rising employee interest in supporting communities, and stronger appreciation for companies that provide this opportunity;
  • Increased corporate focus on long-term objectives, with an emphasis on generating positive multi-year impact and developing capabilities that remain in the community.


BT’s most recent sustainability report can be accessed here, while more details on BT’s community involvement are available here.

 

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