ESG Governance
The ESG ratings of the rating agencies reflect how well we are doing at meeting our sustainability goals
Moneta Group values and ethics
Entrepreneurship
Respect
Cooperation and engagement
Accountability
Credibility and integrity
Code of Ethics
Regulations, guidelines and risk management
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We take matters related to this risk very seriously and incorporate them into a separate AML/CTF strategy set out in internal AML policies (called Internal Principles Systems). All implemented AML/CTF measures are regularly reviewed in the light of current trends and regulatory changes.
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To ensure that we do not violate any laws, regulations or act in a way that conflicts with our ethical values, we maintain a culture where anyone can raise concerns. We therefore provide our employees with the opportunity to anonymously raise concerns or report any perceived wrongdoing, either directly to MONETA Group management or through a dedicated independent reporting line.
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Our Cybersecurity department develops cooperation in this area with relevant industry associations and regulatory authorities such as the Czech National Bank, the National Office for Cyber and Information Security (NÚKIB), the Czech Banking Association, the Police of the Czech Republic and others. In guarding and protecting the Group's assets, our Cybersecurity department cooperates with top companies and third-party partners and benefits from the quality of their tools, services and knowledge.
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We take a holistic approach to ESG factors and risks, viewing ESG risks as a state of affairs, which negatively impact on the bank, our counterparties, as well as the assets in which MONETA has invested and which are linked to ESG factors. We are working to analyse the main ESG risks we face as a bank within the existing risk categories and in parallel identify our potential business opportunities.
This analysis will be reviewed annually and its findings will be incorporated into our ESG Strategy. We have also updated our risk catalogue to cover climate and environmental risks: we will extend this update to include social and governance risks.
Our involvement in memorandum and international initiatives
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The initiative has been operating under the auspices of the UN since 1999 and on a voluntary basis, committing its members to the "Ten Sustainable Responsibilities". We became a signatory to the UN Global Compact in June 2021 and a year later we confirmed our support to the „Ten Sustainable Responsibilities“ and report on our activities in each area.
Communication on progress (PDF, 0,34 MB)
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In October 2021, we became the only company from the Czech Republic to become a signatory of the PRB. The Principles for Responsible Banking provide a guiding framework for a sustainable banking system and demonstrate a vision for the future within the Sustainable Development Goals in the context of the Paris Climate Agreement for the entire banking sector.
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The Sustainability Report for 2022 has been prepared in accordance with the Global Reporting Initiative framework to which it conforms in its "Core" scope. It is the sixth non-financial report published for the Group.
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In 2021, we joined the CBA Memorandum, which is a commitment by Czech banks to assess their activities in terms of, among other things, the requirements for environmentally and socially responsible business and to align their objectives with those set out in relevant UN global treaties, EU programmes and policies as well as national sustainable policy frameworks.
ESG Governance Framework
