Media release

VP Bank publishes its Sustainability Report

20.04.2021

Reading time: 4 Min

VP Bank is pleased to issue its inaugural sustainability report, which has been prepared in accordance to the international standards of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).

Sustainability is an important driver for the long term success of VP Bank. This report presents the process to identify the relevant topics and the resulting measures to embed sustainability into all of VP Bank's activities – hence reflected in the Group’s Sustainability Plan 2026. It summarizes the 2020 achievements and the Bank’s respective current performance. Based on 2020 VP Bank will measure progress towards its strategic sustainability objectives for 2026.

“With the inaugural report, we demonstrate our commitment to transparency on our actions and progress. We know where we are headed and look forward to engaging and collaborating with our stakeholders to actively make change happen towards a sustainable future” states Rashila Kerai, Head of Group Sustainability for VP Bank.

Dr Felix Brill, Chief Investment Officer and Chairman of the Sustainability Board adds: "In 2020 we launched our “Investing for Change” initiative by which we integrate sustainability criteria into all our investment decision and advisory processes. “Investing for Change” is therefore the title of this report, to reflect that we are making change happen."

VP Bank is a signatory to both the UN Principles for Responsible Investment (PRI) and UN Principles for Responsible Banking (PRB). This further reinforces its commitment to embed sustainability practices into its business and to report on its progress.