Sustainability / Our Commitment
We define the term “Sustainability” as economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
The Board is committed to responsible banking and understands that responsible approach to business is decisive factor determining the long-term success of the Bank.
Economic, environmental and social issues, including climate change and human rights, matter in the communities and markets where we do business. We are integrating such considerations into our activities in order to understand and assess risks in our business transactions, to pursue business opportunities by developing products and services, to appropriately manage our operations and supply chain and to meet the expectations of our diverse stakeholders.
We are committed to meeting the regional, national and international environmental and social standards applicable to our business operations and services, and to living up to the expectations and principles set out under the UN Global Compact, United Nations Guiding Principles on Business and Human Rights, the UNEP Statement of Commitment by Financial Institutions on Sustainable Development, the Equator Principles and other applicable standards as they arise. Furthermore, we aim to contribute to the realisation of the UN Sustainable Development Goals.
uab bank recognizes that our bottom-line success depends on the well-being and prosperity of our clients and employees, and of the communities and environment in which we live and work. As a purpose-driven company, creating a positive social impact, not just an economic one, is integral to everything that we do. It is fundamental to our business philosophy and is at the very heart of our corporate citizenship approach.
We begun the process to align our business and sustainability goals since 2019. A number of targets have been set to reach to these goals by 2024 and they are reviewed annually.
To prioritize the various business and sustainability goals, we engage with various stake holders and focus on material issues that are relevant to them.
Various sections of this website page will highlight the strategies and actions that have been adopted.