ESG Governance

 We act in accordance with legislative and regulatory requirements. We map ESG risks within our processes and take a holistic approach to their management.

The ESG ratings of the rating agencies reflect how well we are doing at meeting our sustainability goals

CDP
B
MSCI
AA
Sustainalytics
17.5 LOW RISK

Moneta Group values and ethics

In all our activities, we have adhere to legislative and regulatory requirements, both locally and internationally. With the new ESG Strategy, we have created a comprehensive governance structure within the MONETA Group. At the same time, we have decided to voluntarily join international initiatives covering the area of sustainable development.

Entrepreneurship

We are always innovating our business and creating banking services for the future. We have the courage to change and seek the growth opportunities. Our business is profit-oriented but never at the expense of unreasonable risk.

Respect

We are fair to each other. We respect each other’s alternative ideas, which we support and develop. We treat others how we want to be treated. We take our competition seriously and learn from them.

Cooperation and engagement

We support and inspire each other because we know that we can achieve more together. Having a common goal helps us. We enjoy our work and perform as best we can.

Accountability

Our contribution depends on us all individually – we are all bearers of change. We are in it together – we share our achievements, our risks and our failures. We provide and accept feedback that drives us forward.

Credibility and integrity

We always act in a professional, consistent and transparent manner. We act and make decisions ethically and according to our beliefs. We never forget that we represent the MONETA brand at all times – both at work and at home.

Code of Ethics

Our Code of Ethics represents the basic rules of conduct of employees and members of management and supervisory bodies and declares the Group's obligations towards its employees, members of bodies, clients, shareholders, business partners and other third parties.

Group’s management is directly responsible for sustainability. We have, therefore, established Sustainability Committee, with the ESG Cluster responsible for all activities.

Regulations, guidelines and risk management

MONETA complies with applicable laws and regulatory requirements and cooperates with supervisory and regulatory authorities in Czech Republic and European Union.

  • We emphasize the prevention of money laundering, corruption and conflicts of interest through strict internal policies and regular training of all employees. We maintain zero tolerance for bribery and unethical behaviour and all new business relationships are thoroughly vetted. We monitor high-risk positions and use an internal fraud detection system that is regularly updated. In 2024, we recorded no significant cases of fraud or corruption.

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  • We offer a secure and confidential system through which employees, clients and other partners can report suspected unethical behaviour or breaches of the Code of Ethics. All complaints made in good faith are protected and handled with the utmost respect for the anonymity and protection of the whistleblower.

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  • At MONETA, we take a comprehensive and responsible approach to managing ESG risks (environmental, social and governance), recognising their potential impact on the financial stability of the bank. We view ESG risks as part of traditional financial risks - credit, market, operational and liquidity - and are integrating them into our overall strategy from 2021. We have updated our risk catalogue to include climate and environmental risks and plan to expand it to include social and societal issues. To effectively manage ESG risks, we are also investing in projects aimed at improving the availability of ESG data, particularly in the area of  emissions financed by our activities.

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Our involvement in memorandum and international initiatives

We have voluntarily committed not only to our own individual initiatives, but also to global initiatives that are consistent with our business goals and intentions to be a responsible party, and more importantly, a stakeholder within the broader community.

  • 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.

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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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ESG Governance Framework

Main tasks of the Sustainability Committee, established in 2021, include updating the ESG strategy, monitoring ESG targets, deciding on remediation measures, evaluating external influences and informing other management bodies. The Committee’s agenda is managed by the CEO.

Integrating ESG into executive remuneration

ESG KPIs are an integral part of remuneration of the Management Board and influence their variable remuneration. They are part of the qualitative KPIs, which comprise 30% of the total performance assessment and reflect our progress in areas such as climate change impact. Their achievement is regularly assessed and translated into variable remuneration in the next year.