A year that is running out, has been an amazing year indeed. A year in which NLB Group had no shortage of opportunities to show its knowledge and expertise; to prove itself with innovative, responsible operations, and, last but not least, with actions that created better footprints. We are proud that our efforts and our progress in creating better footprints have been recognized once again and are also reflected in the improved ESG Risk rating by one of the leading independent ESG research, ratings, and data firms in the world – Morningstar Sustainalytics.
NLB’s new, improved ESG rating of 10.5 reflecting a low risk of material financial impacts from ESG factors places NLB in the top 5th percentile of all banks assessed by the Morningstar Sustainalytics. It represents more than 34% improvement from the rating NLB received a year ago, both due to NLB’s improved performance by 26%, and also due to a change in the Sustainalytics’ rating methodology, which contributed 8% to improved rating. Morningstar Sustainalytics namely recently updated its Corporate Governance baseline, creating two standalone Material ESG Issues for Corporate Governance and Stakeholder Governance. Additionally, the content of the existing Data Privacy and Cybersecurity Material ESG Issues has been expanded.
We improved our sustainable operations the most in Data Privacy, Cybersecurity, Responsible Marketing Policy, and Responsible Asset Management. You may find the detailed report here.
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.
This is the third ESG risk rating from Sustainalytics NLB has received in so many years, with each marking an improvement. In 2022, NLB received a risk rating of 17.7, being at the same time 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; while a year ago it received a rating of 16.0.
Copyright ©2024 Morningstar Sustainalytics. All rights reserved.
The information, data, analyses, and opinions contained herein: (1) includes the proprietary information of Sustainalytics and/or its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice nor an endorsement of any product, project, investment strategy or consideration of any particular environmental, social or governance related issues as part of any investment strategy; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. The ESG-related information, methodologies, tool, ratings, data, and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted. Neither Morningstar Inc., Sustainalytics, nor their content providers accept any liability for the use of the information, for actions of third parties in respect to the information, nor are responsible for any trading decisions, damages or other losses related to the information or its use. The use of the data is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.
NLB Communications
Zadnja sporočila za javnost
The holidays are behind us, and children have already stepped into the new school year – and with that, back onto playgrounds, into gyms, stadiums, and other sports grounds. Autumn however is also the time when NLB traditionally invites sports clubs ...
Big news from our digital corner: our new website just scooped two Websi awards - Best Website and Best UX. ...
Feet pounding the pavement, lungs burning, thoughts drifting somewhere between exhaustion and exhilaration. But running past cheering crowds and familiar city streets, the heaviness gives way to a sense of wonder at what it means to push oneself forw...
