REG - Nova Ljubljanska - NLB Group improves its ESG Rating

Nova Ljubljanska Banka dd LjubljanaAnnouncement

01/12/2023 11:00

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RNS Number : 4034V  Nova Ljubljanska Banka d.d.  01 December 2023

December 1, 2023

 

NLB Group Improves its ESG Rating

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the
Market in Financial Instruments Act, relating to the Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana
announces:

 

Do you ever wonder what kind of trace would you leave behind if your world
were to stop spinning today? In the NLB Group, where we focus our effort on
creating better footprints, we ask ourselves this question every day. We are
namely well aware of the responsibility we bear as one of the key banking and
financial institutions in Southeast Europe, our home region. We are proud that
our efforts and our progress have been recognized once again and are also
reflected in the improved ESG rating by one of the leading independent ESG
research, ratings and data firms in the world - Sustainalytics.

 

At NLB, we received our first ESG Risk Rating from Sustainalytics just under a
year ago. The second time around, we have improved it significantly. Namely,
our banking group received a new ESG Risk Rating of 16.0 and was assessed by
Sustainalytics to be at low risk of experiencing material financial impacts
from ESG factors. We have thus improved last year's rating by 1.7 points, and
the improved rating ranks us among the 13 percent of the best banks among all
companies assessed by the Sustainalytics.

 

We improved our sustainable operations the most in the area of considering ESG
risks and opportunities in the entire financial business, human resources and
ethical operations. Furthermore, the Sustainalytics found that no event
occurred in the Group or its operations that would have a negative impact on
stakeholders, operations or the environment. You may find the report here
(https://www.nlb.si/nlb/nlb-portal/eng/investor-relations/ratings/nova_ljubljanska_banka_d.d._riskratingssummaryreport_11_28_2023.pdf)
.

 

"Sustainability is not a buzzword to play around with casually and in reality,
forget about it. It is a very tedious process, continuous and really
long-term. It is built of small steps and changes that may seem insignificant
individually, but when viewed as a whole, they merge into a large, unstoppable
movement. And this is actually even more important than the risk rating
itself, albeit we are, of course, extremely proud of, as it is the result of
our efforts and the review of independent and world-renowned experts, and last
but not least, it is also a motivation for us and an incentive for our
stakeholders to continue to trust our business decisions and actions," said
NLB's CEO Blaž Brodnjak upon receiving the new ESG risk assessment.

 

ESG risk rating, similarly to credit rating, is a measurement of evaluation of
a company, fund, or security's performance, except that it focuses on
fulfilment of environmental (E), social (S) and governance (G) standards,
instead of credit ability. In the financial world, it is becoming an
increasingly important category, which investors and analysts monitor ever
more closely and, on its basis, assess which companies to invest in and in
which not. A year ago, NLB was the first bank with headquarters and an
exclusive strategic interest in Southeast Europe which has obtained this
rating, as well as the first among the companies, listed on the Ljubljana
Stock Exchange.

 

Investor Relations

NLB d.d., Ljubljana

 

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