Policies and procedures governing our ESG activities
OTP Bank`s corporate governance and regulatory framework are based on Ukrainian and EU legislation, and are aligned with the UN Sustainable Development Goals (SDGs), as identified by OTP Group as the most material. Our priority is to strengthen and enhance ESG governance processes. Accordingly, the Bank`s internal policies and procedures are grounded in a commitment to and respect for human rights.
The Bank has developed and continuously enhances its Environmental and Social Management System (ESMS), which is based on best European practices. Following a comprehensive Environmental and Social assessment, the Entrepreneurship Development Fund, in cooperation with the World Bank, confirmed that our ESMS is aligned with the World Bank’s Environmental and Social Standards (ESS 1–10). We remain committed to advancing on our sustainability journey, continuing to invest significant efforts in further strengthening and enhancing our ESMS to ensure the integration of ESG criteria across all of the Bank’s operations.
The corporate principles set out in our regulatory documents underpin our day-to-day activities and business decision-making. We consistently take into account the UN Sustainable Development Goals and other relevant sustainability standards when assessing risks and identifying opportunities. We also promote adherence to these principles among our business partners and third parties involved in our operations.
Learn more about OTP Group’s policies and procedures followed by OTP Bank.
Environmental and Social Policy
Environmental and Social Policy is the key document defining the Bank`s approach to managing its impact on society and the environment.
Purpose of the Policy
To set out the key principles, approaches and methods for managing the Bank’s actual and potential positive and negative environmental and social impacts, as well as for assessing the related impacts (risks) on the Bank.
You can view a short version of the Environmental and Social Policy below.
Regulatory document defining the process for managing ESG risks (with a focus on environmental risks):
- Order of ESG risk management in corporate and SME lending in OTP BANK JSC and OTP Foreign Banking Group in Ukraine
The requirements of the Order are integrated into OTP Bank`s lending processes and into credit risk management processes across all corporate business client segments.
Regulatory documents governing human rights, corporate social responsibility and labour relations:
- Corporate Social Responsibility Policy
- Remuneration Policy
- Policy on the Performance Evaluation and the Incentives for OTP BANK JSC Employees
- Occupational Health and Safety Management System Framework
- Head Office and Regional Directorate Employee Onboarding Procedure (“Mentorship programme”)
- Instruction on Employee Continuous Learning, Development and Professional Training
Key regulatory documents governing consumer protection, anti-corruption, compliance and ethical conduct:
