ESG
We are firmly committed to integrating sustainability into our core business model by integrating Environmental, Social and Governance principles into our strategy, culture and day-to-day operations. Over the years, we have transitioned from responsible practices to a structured ESG governance framework, backed by a dedicated ESG strategy.
We actively integrate responsible lending principles and sustainable financing into our operations, complemented by internal efforts to enhance energy efficiency and reduce environmental impact. Our partnerships with leading international institutions have enabled us to expand our green finance portfolio and reinforce our position as a reliable and forward-looking partner in sustainable development.
ESG Framework
We operate under a robust Environmental and Social Risk Management (ESRM) framework that ensures our financing activities are screened for potential environmental and social risks. Updated in line with international best practices and local ESG regulatory guidance, the framework includes exclusion lists, sector-specific due diligence, and covenants for higher-risk transactions.
With oversight from our Sustainability Committee and in partnership with international institutions, we continue to enhance our internal capacities to manage risks and support a greener, more responsible financial system.
Renewed ESG Strategy
In 2023, we adopted a comprehensive ESG Strategy based on a materiality assessment that engaged our employees, clients, and major stakeholders. The strategy sets measurable objectives aligned with key UN Sustainable Development Goals, covering areas such as sustainable product development, emissions measurement, data protection, employee well-being, and diversity. Each strategic priority includes specific KPIs, timeframes, and reporting mechanisms to ensure transparency and accountability. With ESG now embedded into our governance structures and operational planning, we are focused on scaling sustainable finance offerings and advancing responsible business practices that create long-term value for our investors, clients, and communities.
The strategic objectives Bank is committed to over the coming years are outlined in the chart below:
Environmental
Increase workplace sustainability
Offer sustainable and green financial products and services
Reduce its own carbon emissions
Support the transition to renewable energy in Georgia
Manage and separate own waste
Social
Strengthen the financial education of the Georgian public
Support culture and education in the community
Foster employee well-being
Provide lifelong learning to employees
Data Protection and Confidentiality
Transparency and fairness towards customers
Governance
Ensure equal treatment and opportunities for all
Corporate culture and professional ethics
Support the fight against money laundering, tax evasion and other financial crimes
Digitalization and digital innovation
Management of ESG risks
Operate as a sustainable and transparent business
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