At Bank ABC we are committed to the highest standards of accountability and transparency as we continue to advance our sustainability agenda. Working alongside our regulators, we strive to uphold the safety and integrity of the financial system whilst recognising our contribution to healthy and sustainable societies. Our approach to ESG governance continues to develop in alignment with evolving stakeholder expectations and best practices.
To enable effective oversight and timely decision-making we have incorporated sustainability into our governance structure. Indeed, the ultimate responsibility for overseeing the Group Sustainability Strategy lies with the Group’s Board of Directors. A dedicated Sustainability Steering Committee, chaired by the Group Chief Executive, oversees the implementation and progress of the Group Sustainability Strategy and reports directly to the Group Risk Committee.
An important recent milestone has been the introduction of our Group ESG Risk Standard, which defines how ESG risk is incorporated across the Bank’s risk management framework and how our three lines of defence model is firmly applied, setting out clear roles and responsibilities This ensures robust oversight and control of material ESG risks across the Bank.
Bank ABC is committed to maintaining the highest standards of ethical and professional conduct, including complying with all applicable rules and regulations. The Group Chief Compliance Officer (GCCO), together with the Heads of Compliance and Money Laundering Reporting Officers Group-wide, support the Board and Senior Management in effectively managing the compliance risks faced by the Bank. There is no known material non-compliance with the applicable regulatory requirements, whilst there are continuous improvement measures across the group.