ESG factors are increasingly influencing businesses’ access to financing - Maksym Oliinyk
JSC OTP Bank continues to integrate sustainability principles into its operations while helping clients adapt to evolving market requirements. The growing role of ESG factors in business assessment and access to financing was highlighted by Maksym Oliinyk, Head of Sustainable Development Sector at OTP Bank, during the online event Business Social Selfie: A Meeting of ESG Managers, organized by Crowe Mikhailenko and Paragraf.
“ESG criteria are already factored into financing decisions and have become an integral part of a comprehensive business assessment. For the Bank, it is important to understand how environmental, social, and governance factors may affect a company’s financial performance and its ability to meet its obligations,” said Maksym Oliinyk.
Compliance with ESG standards is becoming increasingly important not only for attracting financing but also for ensuring long-term business competitiveness. This is why OTP Bank places significant emphasis on assessing ESG risks and supporting clients in implementing relevant practices.
“It is important for us not only to assess ESG risks but also to help clients better understand and manage them. As part of the assessment process, we may provide recommendations, document templates, or agree on corrective action plans. This helps companies improve their attractiveness to lenders and meet the expectations of international partners,” Maksym Oliinyk emphasized.
This approach reflects OTP Bank’s commitment to being not only a reliable financial partner but also a driver of sustainable business development in Ukraine. The Bank continues to expand its sustainable finance practices, support energy-efficiency and environmentally responsible projects, and strengthen cooperation with international organizations and donors to create additional opportunities for its clients.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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