Coopec Bank aims to have a prominent position as a sustainable bank that takes responsibility for its actions and engagements. We are committed to minimise our own direct impact on planet and people, as well as our indirect impact through the activities of our clients and investments. In order to achieve this, Coopec Bank has put a Sustainability Risk Management Framework in place that makes sustainability part of the bank’s business objectives. This Framework consists of a coherent set of policies, guidelines and statements which define Coopec Bank’s sustainability standards for relevant bank activities (lending, investment, procurement and product development) and the different sectors in which the bank is active.
♦ Better bank
We look after money for people and businesses. That’s a big responsibility, and one we are keen to take in a transparent and socially responsible way.
♦ Better world
Coopec Bank wants to help build tomorrow’s world. Wherever possible, we use our financial expertise for the benefit of society.us.
♦ Sustainability risk management (SRM)
With our SRM business strategy we align profit goals with our company's environmental policies.
The goal of our SRM business strategy is to make this alignment efficient enough to sustain and grow our business while preserving the environment. One of the chief drivers for SRM adoption is increasing demand for compliance with global and national regulations.
As an Organization implementing SRM, we generally focus on the environmental effects of each business process individually and then look for ways to minimize them. The Coopec Bank's IT department assists by managing data as it relates to our company's sustainability goals and providing automated auditing and reporting capabilities.
Our effective SRM framework helps management identify emerging issues of concern that may affect supply chain, operations and production. Examples of emerging issues include the availability of renewable energy sources, the depletion of non-renewable resources or changing government regulations.
Sustainability Risk Policy
We have defined our guiding principles on sustainability risk management in our Sustainability Risk Policy. As the general policy that establishes the Sustainability Risk Management Framework, Coopec Bank adopted its Sustainability Risk Policy. This policy defines our principles regarding sustainability risk management in bank activities and our business relations.
The Sustainability Risk Policy sets out the sustainability principles that guide our approach towards sustainability risk management. Furthermore, the policy describes the conditions under which we engage with our business relations (e.g. a client, supplier or investor). Through this process, the bank ensures itself that sustainability risks are adequately identified, analysed, mitigated, managed, monitored and reported.
COOPEC Bank Sustainability & Social Responsibility
