A common misconception is that ESG only focuses on climate change and environmental performance, but the social aspects and a business’s governance of them are equally important.
ESG is very important to consumers because it gives them confidence that their product or service, is being socially responsible. It is also important to consumers when investing sustainably because they can help other corporations that are in alignment with their values.
Here at Trusted Novus Bank (TNB), our ESG story plays a strong part in our strategy in 2023 and going forward. Our strong values in terms of sustainability, transparency, and equality (amongst our other values) are closely related to ESG. For that reason, TNB wants to strengthen its efforts in all three areas of environmental, social and governance, and even surpass what we are expected to deliver as a local bank.
Our future mission is to become the Green Bank of Choice. Our vision is for TNB to become a leading corporate citizen in respect of ESG. Our approach for 2023 is to improve and build on our existing approach and to also focus on new initiatives. We want to meet international standards of good practice.
The topics we wish to address within our long-term strategy span from healthy corporate culture, staff wellbeing and charity work, to consumer protection, carbon offsetting and to implementing greener products throughout our products and services.
For us here at TNB, it is important to communicate our progress both internally to colleagues as well as externally to customers and our local community.
This is currently an exciting time for TNB, for both those working within the bank as well as for our customers, and we are looking forward to seeing what the future holds, especially in terms of ESG.