Sustainability Policies
Sustainability is an integral part of our overall business strategy to create financial and non-financial value for our stakeholders.
To guide our business activities and client interactions in this area we apply a number of established principles, policies and procedures. These include the Code of Conduct, Business Principles, Compliance Framework and Sustainability Framework.
To guide our business activities and client interactions in this area we apply a number of established principles, policies and procedures. These include the Code of Conduct, Business Principles, Compliance Framework and Sustainability Framework.
Governance structure
Our sustainability governance revolves around a system of checks and balances to ensure stakeholders can be part of decision-making processes. Processes, roles and responsibilities are defined and shared across several levels of the organisation.
At NEOP Bank, our corporate culture is shaped by our corporate values and purpose. Our Code of Conduct underpins our purpose and corporate values. It guides us in the way we work at NEOP Bank.
Our Code sets out the standard of conduct required of every employee and everyone working on our behalf. We set a high standard for ourselves and care about how we do things. It reflects what others expect of us and what we expect of each other. It ensures we make good decisions and do the right thing, supported by our good individual judgment, integrity, and personal accountability. This captures the essence of NEOP Bank’s corporate culture.
Our Code and its related Guidance are informed by key national and international standards, including global banking codes and the Principles of the UN Global Compact.
We only do business with clients whose standards and principles are aligned to our own, and carry out thorough checks on fraud and integrity as part of our client acceptance process.
Our Code sets out the standard of conduct required of every employee and everyone working on our behalf. We set a high standard for ourselves and care about how we do things. It reflects what others expect of us and what we expect of each other. It ensures we make good decisions and do the right thing, supported by our good individual judgment, integrity, and personal accountability. This captures the essence of NEOP Bank’s corporate culture.
Our Code and its related Guidance are informed by key national and international standards, including global banking codes and the Principles of the UN Global Compact.
We only do business with clients whose standards and principles are aligned to our own, and carry out thorough checks on fraud and integrity as part of our client acceptance process.
As part of our client risk-assessment process, the sustainability standards we expect our clients to meet are clearly set out in our Sustainability Framework and policies. These are based on international conventions and codes of conduct, and are regularly updated based on stakeholder feedback.
We apply activity- and sector-specific sustainability policies where our involvement may be restricted or prohibited entirely, as is the case with the defense and weapons industry. Individual policies are also in place for sectors where we are active and where further specificity is necessary. These policies outline the risks we have identified and our strategic approach to those sectors.
Our Sustainability Framework describes the processes and tools we use to evaluate clients and designates those responsible for these workflows. We use a sustainability assessment toolkit in our due diligence to assess environmental, climate, biodiversity, human rights, social, and governance (ESG) risks related to all clients and transactions. We also continuously monitor clients and transactions to address new sustainability issues or risks as they emerge during our engagement.
We apply activity- and sector-specific sustainability policies where our involvement may be restricted or prohibited entirely, as is the case with the defense and weapons industry. Individual policies are also in place for sectors where we are active and where further specificity is necessary. These policies outline the risks we have identified and our strategic approach to those sectors.
Our Sustainability Framework describes the processes and tools we use to evaluate clients and designates those responsible for these workflows. We use a sustainability assessment toolkit in our due diligence to assess environmental, climate, biodiversity, human rights, social, and governance (ESG) risks related to all clients and transactions. We also continuously monitor clients and transactions to address new sustainability issues or risks as they emerge during our engagement.
NEOP Bank is a signatory of the United Nations Global Compact. We believe that sustainability starts with our value system and meeting our responsibilities in the areas of human rights, labor, environment, and anti-corruption. Our commitment under the UNGC complements our Code of Conduct and is embedded in our business strategy, policies, and operational procedures.
Our Executive Committee (ExCo) is ultimately responsible for all Sustainability matters. ExCo members discuss and advise on sustainability strategy, targets, planning, and budget. The ExCo is also responsible for policies that impact NEOP Bank’s culture and ethics, such as the Code of Conduct. Updates to the sustainability framework and underlying policies are reviewed and approved by NEOP Bank’s Risk Management Committee.
The Sustainability Team is responsible for preparing and implementing sustainability strategies, targets, planning and budgets, and engaging with external stakeholders. It presents quarterly to the Risk Management Committee and meets regularly with ExCo members to discuss progress and evaluate ongoing activities. Quarterly reports on figures and progress are also presented to the ExCo and subcommittee of the Supervisory Board.
Our sustainability strategy is fully aligned with our overall business strategy, and the various departments within NEOP Bank are responsible for managing sustainability as part of their ongoing activities. For example, business teams apply the Sustainability Framework and policies in their client interactions, Facilities & Services manages NEOP Bank's energy efficiency program, and Human Resources is responsible for sustainability activities related to employees.
Employees receive training on environmental & social risks, sustainability developments, and NEOP Bank’s Sustainability Framework. A general introduction to sustainability is part of the onboarding process, and a specific Sustainability Workshop is offered to new hires. The training provides general information and uses case studies to offer insights into how the Framework applies to client operations.
Sector teams also receive training from CSR experts covering general sustainability developments as well as sector-specific topics.
Sector teams also receive training from CSR experts covering general sustainability developments as well as sector-specific topics.
Questions? Please contact support.