Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…][,,,] a dedicated Group CSR & Sustainability Division has been established [...] under the Group Chief Compliance and Corporate Governance Officer, which is competent for csr, as well as sustainability and climate change related issues, activities and projects of the Bank. Executives of said Division refer to the Group Chief Compliance and Corporate Governance Officer, who reports directly to the Board's Compliance, Ethics and Culture Committee as the competent Committee for overseeing Bank's CSR policies, community investment, environmental, climate change, [...].
According to the provisions of our Corporate governance Code in setting the strategy, the Board should focus on sustainability and considers among others climate-related and environmental risks
when developing the overall business strategy, objectives and risk management framework and exercises effective oversight of climate-related and environmental risks.
Within this context, the Board ensures that material environmental and social considerations are integrated into the Bank's strategy, business model and risk management system and addressed in its public disclosures.
[...] the Board reviews the Sustainability Policy recognizing that its activity has, both directly and indirectly, social, financial and environmental impacts on interested parties, including investors and shareholders, customers, employees, partners and suppliers, the business community, state and regulators and society, as well as wider impact on the economy, society and the natural environment.
[...] the Board is assisted by the Compliance, Ethics and Culture Committee through which the holistic oversight of ESG is effectively achieved. The Committee among others assists the Board in enhancing responsible company and management behavior towards sustainable growth [...] the Committee is competent among others to oversee policies/issues/reports on csr, sustainability, community investment, environmental, climate change, sustainability criteria, social and other similar projects and activities of the Bank and to oversee social & environmental risks, as well as financial risks [...]
Also, NBG has developed since 2004 an Environmental Management System which is in conformity with ISO 14001.
Annual Financial Report 2021 p.94-95
Sustainability policy: https://www.nbg.gr/-/jssmedia/Files/Group/esg/Perivallon/NBGs_Sustainability_Policy_EN.pdf?rev=f4a3d7d9fac849c586a63e8afff80094&hash=724674CB274B7CA5C680CFB958F4A006