REG - Nova Ljubljanska - NLB Group Significantly Improves its ESG Rating

Nova Ljubljanska Banka dd LjubljanaAnnouncement

30/12/2024 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241230:nRSd6310Ra&default-theme=true

RNS Number : 6310R  Nova Ljubljanska Banka d.d.  30 December 2024

NLB Group Significantly Improves its ESG Risk 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:

 

A year that is running out, has been an amazing year indeed. A year in which
NLB Group had no shortage of opportunities to show its knowledge and
expertise; to prove itself with innovative, responsible operations, and, last
but not least, with actions that created better footprints. We are proud that
our efforts and our progress in creating better footprints have been
recognized once again and are also reflected in the improved ESG Risk rating
by one of the leading independent ESG research, ratings, and data firms in the
world - Morningstar Sustainalytics.

 

NLB's new, improved ESG rating of 10.5 reflecting a low risk of material
financial impacts from ESG factors places NLB in the top 5(th) percentile of
all banks assessed by the Morningstar Sustainalytics. It represents more than
34% improvement from the rating NLB received a year ago, both due to NLB's
improved performance by 26%, and also due to a change in the Sustainalytics'
rating methodology, which contributed 8% to improved rating. Morningstar
Sustainalytics namely recently updated its Corporate Governance baseline,
creating two standalone Material ESG Issues for Corporate Governance and
Stakeholder Governance. Additionally, the content of the existing Data Privacy
and Cybersecurity Material ESG Issues has been expanded.

 

We improved our sustainable operations the most in Data Privacy,
Cybersecurity, Responsible Marketing Policy, and Responsible Asset Management.
You may find the detailed report here
(https://www.sustainalytics.com/esg-rating/nova-ljubljanska-banka-d-d/1009981019)
.

 

Improved rating for the third time in a row

 

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.

 

This is the third ESG risk rating from Sustainalytics NLB has received in so
many years, with each marking an improvement. In 2022, NLB received a risk
rating of 17.7, being at the same time 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; while a year ago it received a rating of 16.0.

 

Copyright ©2024 Morningstar Sustainalytics. All rights reserved.

 

The information, data, analyses, and opinions contained herein: (1) includes
the proprietary information of Sustainalytics and/or its content providers;
(2) may not be copied or redistributed except as specifically authorized; (3)
do not constitute investment advice nor an endorsement of any product,
project, investment strategy or consideration of any particular environmental,
social or governance related issues as part of any investment strategy; (4)
are provided solely for informational purposes; and (5) are not warranted to
be complete, accurate or timely. The ESG-related information, methodologies,
tool,

ratings, data, and opinions contained or reflected herein are not directed to
or intended for use or distribution to India-based clients or users and their
distribution to Indian resident individuals or entities is not permitted.
Neither Morningstar Inc., Sustainalytics, nor their content providers accept
any liability for the use of the information, for actions of third parties in
respect to the information, nor are responsible for any trading decisions,
damages or other losses related to the information or its use. The use of the
data is subject to conditions available at
https://www.sustainalytics.com/legal-disclaimers.

 

Investor Relations

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFDEFESELSEIE