Nova Ljubljanska Banka d.d. NLB Group improves its ESG Rating (4034V)
01 Dezembro 2023 - 8:00AM
UK Regulatory
TIDMNLB
RNS Number : 4034V
Nova Ljubljanska Banka d.d.
01 December 2023
December 1, 2023
NLB Group Improves its ESG Rating
Pursuant to the Rules of the Ljubljana Stock Exchange and
Article158 of the Market in Financial Instruments Act, relating to
the Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg
republike 2, 1000 Ljubljana announces:
Do you ever wonder what kind of trace would you leave behind if
your world were to stop spinning today? In the NLB Group, where we
focus our effort on creating better footprints, we ask ourselves
this question every day. We are namely well aware of the
responsibility we bear as one of the key banking and financial
institutions in Southeast Europe, our home region. We are proud
that our efforts and our progress have been recognized once again
and are also reflected in the improved ESG rating by one of the
leading independent ESG research, ratings and data firms in the
world - Sustainalytics.
At NLB, we received our first ESG Risk Rating from
Sustainalytics just under a year ago. The second time around, we
have improved it significantly. Namely, our banking group received
a new ESG Risk Rating of 16.0 and was assessed by Sustainalytics to
be at low risk of experiencing material financial impacts from ESG
factors. We have thus improved last year's rating by 1.7 points,
and the improved rating ranks us among the 13 percent of the best
banks among all companies assessed by the Sustainalytics.
We improved our sustainable operations the most in the area of
considering ESG risks and opportunities in the entire financial
business, human resources and ethical operations. Furthermore, the
Sustainalytics found that no event occurred in the Group or its
operations that would have a negative impact on stakeholders,
operations or the environment. You may find the report here .
"Sustainability is not a buzzword to play around with casually
and in reality, forget about it. It is a very tedious process,
continuous and really long-term. It is built of small steps and
changes that may seem insignificant individually, but when viewed
as a whole, they merge into a large, unstoppable movement. And this
is actually even more important than the risk rating itself, albeit
we are, of course, extremely proud of, as it is the result of our
efforts and the review of independent and world-renowned experts,
and last but not least, it is also a motivation for us and an
incentive for our stakeholders to continue to trust our business
decisions and actions," said NLB's CEO Bla Brodnjak upon receiving
the new ESG risk assessment.
ESG risk rating, similarly to credit rating, is a measurement of
evaluation of a company, fund, or security's performance, except
that it focuses on fulfilment of environmental (E), social (S) and
governance (G) standards, instead of credit ability. In the
financial world, it is becoming an increasingly important category,
which investors and analysts monitor ever more closely and, on its
basis, assess which companies to invest in and in which not. A year
ago, NLB was the first bank with headquarters and an exclusive
strategic interest in Southeast Europe which has obtained this
rating, as well as the first among the companies, listed on the
Ljubljana Stock Exchange.
Investor Relations
NLB d.d., Ljubljana
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