Banca Transilvania receives Low Risk ESG rating from Sustainalytics for the second consecutive year

Banca Transilvania has also obtained a very good ESG Risk Rating, Low Risk, following the Sustainalytics analysis.

Sustainalytics is one of the largest global providers of ESG ratings, which analyses a company's exposure to industry specific ESG (environmental, social, governance) risks and the way companies manage those risks.

BT rating details:

• Is 15.1 (2023) compared to 17 (2022) - Low Risk in both years;
• Ranks BT 106th (up from 133 in 2022) out of 1,000 banks analyzed globally;
• It analysed the following issues: corporate governance, integration of ESG factors into the business model, quality and sustainability of products and services offered to customers, data privacy and security, business ethics and human capital development;
• The analysis criteria took into account 10 international standards and frameworks, such as the Global Reporting Initiative, the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosures and the World Economic Forum.
• This is the second independent external ESG assessment of BT.

Sustainalytics noted the progress made by Banca Transilvania in the following areas:

• Estimate the carbon footprint of the loan portfolio in 2022;
• Decreasing the carbon intensity as a result of the actions carried out over the last 3 years;
• sustainable financing initiatives for retail clients, SMEs and large corporates;
• governance of product and service offerings;
• cybersecurity management and data protection;
• initiatives implemented for the team’s development;
• responsible marketing policy.

More details can be found on the ESG page on the bank's website and in the BT 2022 Sustainability Report.