Corporate Governance

Our Corporate Governance practices and policies are at the heart of our business model and provide the accountability and transparency we consistently aspire to uphold to remain the most cherished and trusted partner in banking, whether in the eyes of internal or external stakeholders.

Environmental and Social Management System (ESMS)

During 2016, the Bank has taken additional steps to ensure the appropriate management of Environmental and Social (E&S) risks in its Corporate and Commercial Banking activities through the implementation of its Environmental & Social Management System (ESMS). As part of our ongoing commitment to managing these risks, an in depth E&S risk management training was held in collaboration with E&S experts from the International Finance Corporation (IFC), in order to further strengthen our internal organisational capacity.

The training provided a comprehensive overview of key E&S risk management concepts: the IFC Performance Standards and how they should be applied in supporting the Bank’s credit decision-making during loan appraisal, as well as an insight into the international and national context for sustainable banking. The training was attended by 39 staff members.
Additional improvements include an updated E&S risk review documentation based on observations made since our initial implementation of the Bank’s ESMS in 2014. We updated the Bank’s internal guidelines for categorising E&S risk, as well as the review summary documentation associated with transaction E&S risk reviews.

These changes were made in an effort to streamline the process, while at the same time ensuring that all transactions within scope of E&S risk review were reviewed according to the required standards.

Table 4: Transaction E&S Risk Statistics
286
EMPLOYEES ATTENDED TRAININGS ON ENVIRONMENTAL TOPICS/ISSUES
 
BDL ENERGY INCENTIVES – NEEREA LOANS: HIGHEST MARKET SHARE = 27%
942
TRAINING HOURS WERE SPENT ON ENVIRONMENTAL TOPICS/ISSUES
Table 5: Sustainable Finance Stats