As Malta’s leading Banking Group, Bank of Valletta recognises that sustainability requires an industry-wide collaboration and response. This was stated by Kenneth Farrugia, Chief Retail Banking Officer at Bank of Valletta during and ESG conference organised by the Malta Institute of Accountants driven by the theme ‘A new mindset – Reduce, Reuse, Report’ conference.

In his intervention, Mr Farrugia stated that ‘BOV is undoubtedly an important sustainability enabler as a result of the Bank’s market position within the Maltese economy. The Bank’s ESG (Environmental and Social Governance) approach will be driven by the formulation and development of the sustainability policies to include amongst others current and new investment and credit products, as well as their pricing and distribution policy. These will all be aligned to reflect the Bank’s sustainable development goals.’

‘The ESG disclosure and reporting landscape has evolved at a tremendous pace, bringing about a comprehensive yet challenging reporting framework. to reflect climate and environmental financial risk management as well as sustainability-related disclosures’ concluded Mr Farrugia. ‘Data and supporting information are critical in the process as these will enable us to disclose how the Bank is meeting its key performance indicators on social and environmental related matters.

Further to these commitment, Bank of Valletta has recently inaugurated its new concept branch in Sliema, using all-natural materials from renewable sources and reduced energy consumption and is already upgrading other branches in the largest network in Malta to this new concept.

Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, Il-Belt Valletta VLT 1130.  Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).

 

'Credit & Financial Institutions' Related News Articles

01
Member Spotlight – Trust Stamp: Advancing Financial Inclusion in Emerging Markets from Malta
FinanceMalta

by FinanceMalta

8th July 2021

Member Spotlight – Borg Galea & Associates: Boutique Accounting Firm with Plans to Scale Up
FinanceMalta

by FinanceMalta

8th July 2021

Growth in contribution to the Gross Value Added (GVA), as well as in employment within Malta’s financial services industry according to the MFSA’s 2020 Annual Report
FinanceMalta

by FinanceMalta

18th June 2021

SAXO Bank Chief Economist optimistic for recovery in Malta’s Trade, Transport and Tourism
Bank of Valletta

by Bank of Valletta

25th May 2021

The future of Trade, Transport and Tourism in Malta – a business webinar by BOV, Saxo Bank and Malta Maritime Forum
Bank of Valletta

by Bank of Valletta

17th May 2021

2021 Industry Outlook – Analysis of how sectors are positioned for recovery
Western Union Business Solutions

by Western Union Business Solutions

5th February 2021