As its parent company, Société Générale, Komerční banka is aware of the need to look for responsible ways of financing.
When managing clients’ funds, we therefore do not take into account their prosperity only, but also respect for environmental and social principles. Thus, we are knowingly helping to minimize the negative impacts on the environment and society.
Equator Principles: In the financing of large infrastructural and industrial projects the entire SG Group follows Equator Principles, a set of voluntary guidelines of financial sector for assessing the environmental and social risks of major projects based on the World Bank’s international standards.
Global Partnerships: The SG Group is one of the founders of UNEP-FI - United Nations Environmental Programme Financial Initiative, a programme of global partnerships between the UNEP and the financial sector.
Implementing the Sustainable Development Goals: In 2019, the SG Group was a founding signatory of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals set by the United Nations and the Paris Agreement on Climate Change.
Memorandum for Sustainable Finance
In 2021, we signed the CBA Memorandum for SustainableFinance in which we and other banks reaffirmed our commitment to creating a business environment conducive to sustainable and socially responsible development of the Czech Republic.
Climate strategy in the coal sector: In 2019, the SG Group adopted its Climate Strategy as part of contributing to the fight against the climate change. In the strategy, the SG Group commits to refrain from providing new financial products and services to companies that have majority of their revenue linked to the coal sector (coal extraction and transport, coal trading, and coal use for electricity and heat generation). In addition, the SG Group is committed to progressively reduce to zero its exposure to the thermal coal sector by 2030. Komerční banka has therefore decided to proactively support clients’ projects for the transition to greener and renewable energy sources.