Sustainability Report
MONETA Group’s ESG Strategy
We consider being an environmentally and socially responsible firm a cornerstone of our business strategy. In October 2021, wen published new medium-term MONETA ESG Strategy
Mission
We are an innovative digital bank, that wants to deliver a first-class customer experience to our clients. We behave responsibly and with respect for the environment.
We believe that the new strategy provides invaluable support in integrating all the aspects that ESG entails into our corporate governance, lending, risk management or financing decisions, but also helps us in supporting human capital, CSR & philanthropic activities or reporting.
Vision
MONETA's strategy is to become a digital leader on the Czech banking market through fast and convenient sale and management of products and services. We strive to be the first choice for Czech households and small businesses. As part of the development of our banking offering for entrepreneurs and small businesses, we strive to educate our clients on how individual ESG factors can affect the viability of their own business strategies in the long term.
Values and Ethics
The values we uphold are an integral part of not just our culture, but society as a whole. They are given meaning by the people who fulfil them through their behaviour and attitudes. They include credibility and integrity, entrepreneurship, respect, accountability, cooperation and engagement.
Tomáš Spurný
Chairman of the Management Board and CEO
Business and financial risks in the banking sector are linked to economic and social transformation as a result of climate change. In previous years new European regulations have been issued and require banks to be more sustainable, behave more responsibly and actively manage climate risks came into force.
Implementing ESG measures will be financially challenging, but on the other hand they are essential: sustainability is not only important for the bank or the communities in which we operate. They are necessary for the whole planet. That is why I am extremely proud that MONETA has already woven sustainability into its DNA long before these standards came into forc : specifically, in 2016, when it became a publicly traded company.
We have set an ambitious, transparent and, above all, realistic strategy for the coming period, which is supported by consensus by both the Bank's Management Board and Supervisory Board. I believe that our commitments, which have become part of the financial and commercial objectives of management compensation, have moved our goals from the populist to the motivational level. I believe that all of this will lead to Moneta's successful emergence as one of the world's elite companies that are serious about sustainability.
Zuzana Filipová
Director Sustainability & Communication
The principles of sustainable, considerate and responsible business, which are anchored i the ESG policy, govern all banks in the European Union from mid-2021. The new regulation requires banks to incorporate sustainability factors into their operations, lending processes and requirements for customers. The set of European regulations thus builds on the UN 2030 Agenda for Sustainable Development and the Paris Agreement, which commits Member States to reduce greenhouse gas emissions. However, this is only a first step ahead of new mandatory reporting requirements under EU sustainability standards. I am therefore very pleased that MONETA started on the ESG path five years ago and is therefore keeping pace with global sustainability leaders in this context.
Alongside the implementation of the ESG agenda, we also revised our existing Medium Term Sustainability Strategy and updated its objectives in 2021. Of the 17 officially set Sustainable Development Goals (SDGs), we have implemented 11 of them in MONETA Group's sustainability policy, which best fit with our bank's business model and geographical location (Central Europe). These newly defined headline targets build seamlessly on the commitments we made in 2016 as part of our original Corporate Social Responsibility Strategy and are elaborated in detail into the further specific commitments that we aim to meet by 2026.
The year 2021 was another extremely difficult one, which brought enormous challenges. One of them was ESG. Thanks to many awards, including MSCI's AA rating, which we are the only bank in the Czech Republic to hold, MONETA aspires to be a leader in sustainability not only in the country in which it operates, but across Central Europe.
United Nation’s Sustainable Development Goals
Environmental Responsibility
We behave responsibly towards the environment, reduce our carbon footprint and support environmental projects.
Social Responsibility
We support local communities through our grant programme. We are interested in the opinion of our clients, and diversity and inclusion is key to us.
ESG Governance
We act in accordance with legislative and regulatory requirements. The ultimate responsibility for ESG lies with MONETA's management.
Our achievements
We are among the TOP 10 large companies
We are among the7 TOP 5 best companies in reporting
We won the title of Responsible Bank of the Year 2022
We are among the TOP 10 companies with the best ESG rating
