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NLB Ranks Among Top ESG Performers with Industry and Regional Recognition

NLB d.d. continues to create better footprints and strengthens its impact in South-eastern Europe, particularly in sustainability. Following its significantly improved ESG Risk Rating of 10.5 from Morningstar Sustainalytics in late 2024, the company has now earned two Top-Rated Companies badges from the same leading ESG research, ratings, and data firm.

23. January 2025

Morningstar Sustainalytics, which recently unveiled its 2025 list of ESG Top-Rated Companies, covering over 15,000 companies across 42 industries, recognized NLB with the Top Regional and Top Industry (Banks) badges. These accolades reaffirm NLB's commitment to sustainable practices and responsible operations.

 

The Top Regional badge places NLB among the 432 highest-rated companies in Europe, while the Top Industry badge ranks it 42nd out of 1,027 rated banking companies worldwide.

We are enormously proud of this recognition for NLB and the entire Group, which reflects the diligent efforts of our management, ESG coordinators, and all employees. This recognition reinforces NLB's commitment to a better world, starting from our home region. Strong ratings and badge recognitions from reputable agencies signal to stakeholders that the company is resilient and forward-thinking, effectively managing risks while leveraging sustainability opportunities. For investors, this represents a crucial indicator of long-term value and responsible business practices in today’s market.
Ivan Tomić, Strategy and Business Development Director at NLB d.d.

This recognition comes after NLB received its improved ESG rating of 10.5 at the end of 2024. The rating, reflecting a low risk of material financial impacts from ESG factors, placed NLB in the top 5th percentile of all banks assessed by the Morningstar Sustainalytics. It also represented more than a 34% improvement from the rating NLB received in 2023, 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. NLB improved its sustainable operations the most in Data Privacy, Cybersecurity, Responsible Marketing Policy, and Responsible Asset Management. You can find out more here. 

NLB Communications

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