The result places BT on the 133rd spot out of 1,003 banks globally, ranking it among the top 15% of all companies analyzed by Sustainalytics, respectively, among the top 8% of regional banks.
Sustainalytics is one of the world’s leading providers of ESG ratings.
“The transparency of the objectives, impact and performance of our operations is essential to maintain the trust of our customers and investors, which is why we wanted an independent evaluation (…),” said Ӧmer Tetik, BT General Manager.
This is the first independent external ESG assessment of Banca Transilvania and it analyzed the corporate governance, the integration of the ESG factors in the business model, the confidentiality and data security, the ethical principles pursued, the supply of products and services, and the human capital development.
The analysis criteria are based on ten international standards and frameworks, such as the Global Reporting Initiative, the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosures or the World Economic Forum.