ESG Strategy
Credo Bank recognizes the importance of Environmental, Social, and Governance (ESG) factors in driving long-term sustainability and creating value for our stakeholders
As such, we are committed to integrating ESG considerations into our business strategy, operations, and decision-making processes. This document outlines our ESG strategy framework, which will guide our efforts to manage risks, seize opportunities, and contribute positively to society and the environment.
ESG Policy and reports
Credo Bank has implemented a policy of environmental and social activities, a risk categorization system and a list of exclusions (business activities that cannot use Credo Bank's services). This policy was created with the involvement of international partners and is based on the best practices in the market.
Pro Bono Georgia presented Credo Bank with an award in recognition of its outstanding initiatives and involvement in 2023. The winners were selected based on the number of projects implemented, the number of employees involved in pro bono work, and the total hours dedicated throughout the year.
Credo Bank has been an active member of the "Pro Bono Network Georgia" since 2015, which includes 28 companies. During this partnership, Credo Bank has undertaken numerous significant projects and activities.
Notable Events:
- March - May 2023: Credo Bank hosted a series of workshops on job search skills and interview techniques as part of the project "Strengthening Skills and Innovative Employment Opportunities for the Regional Development of Georgia." These pro bono consultations involved Credo Bank's Human Resources Management Service conducting practical mock interviews. Three simulation-based meetings were held across centers in Lagodekhi and Telavi (Kakheti region) and in Ozurgeti (Guria region).
- November 2023: Through the pro bono partnership, Credo Bank provided consultation for the "Why Europe?" project to a participant of the Community Leaders Forum, the Komli community of Shida Kartli. The meeting took place in Tsinandali, where the selected beneficiary received a cash prize of 500 GEL from Credo Bank.
- July - December 2023: Credo Bank assisted the "Kakheti Regional Development Center Civil Organization" in improving and launching new paid services aimed at early childhood education, child protection, and the development of both adults and young people. This initiative involved workshops and consultations led by Credo Bank's Positive Customer Experience team, alongside marketing, human resources, and research department representatives. The team contributed to product development and refinement, service marketing strategy, research questionnaire design, and data analysis.
Credo Bank remains committed to supporting similar projects and initiatives as part of its ongoing social responsibility efforts!
Credo Bank is proud to be the only member organization of the Global Alliance for Banking on Values (GABV) in Georgia.
GABV is an international network of leading financial institutions united by a shared goal: to create a more transparent banking system that supports positive economic, social, and environmental changes. Credo Bank aligns with this vision and upholds the core principles of the alliance, emphasizing the importance of social and environmental responsibility, addressing people’s needs, and fostering long-term partnerships with customers.
GABV continues to grow globally, with a presence in over 45 countries across Asia, Africa, Australia, Latin America, North America, and Europe. The alliance includes more than 70 leading financial organizations worldwide, such as Triodos Bank (Europe), GLS Bank (Germany), Alternative Bank Switzerland (Switzerland), Bank Australia (Australia), Banca Etika (Italy, Spain), among others.