Green Star Certificate
SID Bank is a proud recipient of the Green Star certificate
Sustainable business is a necessity of today's time. Embracing sustainability in business means acknowledging and recognizing that all business decisions have a significant impact on the planet and people in both negative and positive ways.
That is why we at SID Bank are very proud of our sustainability orientation and commitment to reducing our impact on the environment. This is evidenced, among other things, by receiving the Green Star certificate, which is awarded by CER – Partnership for a Sustainable Economy.
The certificate confirms that SID Banka is active on the path of green transformation, which leads to global, European and national goals of achieving sustainability and climate neutrality.
The Green Star certificate is the result of the bank's long-term efforts to reduce its carbon footprint, promote investments in renewable energy sources and support sustainable projects, the circular economy and sustainable businesses.
This achievement places us among the leading sustainable banks and confirms our commitment to responsible management of the environment, human resources, energy sources and waste.
SID Banka has earned 4 stars, which puts it in the Green Leader category.
This means that SID Bank belongs to advanced companies that:
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have the principles of sustainable business strongly embedded in their business strategy and business models,
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responsibility for sustainable operations is assumed by the company's management,
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seek to assess climate risks and seize opportunities on the path of green transformation;
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actively contribute to climate neutrality;
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have ambitious climate and other environmental goals;
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measure the situation in all three ESG areas;
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assess the impact of climate risks on their business, supply and use chain;
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choose appropriate measures on the basis of the set goals;
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have experience in implementing sustainable solutions for which they make decisions based on data,
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employees and relevant partners are actively involved in green transformation and sustainable operations; and
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strive to adequately communicate the achievement of progress both within the company and to external stakeholders.
The basis for issuing the Green Star certificate is CER's ESG rating, which is based on international frameworks and standards for sustainable reporting and EU legislation. It is a digital tool that uses an ESG questionnaire to collect all relevant data to calculate a company's climate and environmental footprint. The Green Star certificate is renewed annually.
This achievement confirms SID Banka's commitment to sustainable operations and efforts to create a greener and more sustainable tomorrow, as SID Banka has been striving for sustainability and environmental protection for many years.
Together with our customers and business partners, we will continue to focus on creating positive changes for a sustainable future. We will continue to operate sustainably and find new ways to reduce the Bank's environmental impact.