Alpha Bank was included in the “Financial Times Stock Exchange4Good (FTSE4Good) Index Series” Sustainability Index for the sixth consecutive year, following an evaluation by the international organization FTSE Russell.
The Bank’s participation in the Index for another year confirms its high levels of social and environmental responsibility and rewards its coordinated actions to upgrade its corporate governance.
Significant performance on ESG criteria in the banking sector
According to the relevant evaluation report, Alpha Bank maintained its overall performance, while improving, compared to 2020, in the area of Corporate Governance and Risk Management.
Its performance in the ESG criteria and their individual sub-categories – Environment, Society and Governance – places Alpha Bank at the forefront of the banks and companies active in the wider financial sector that are included in the Index.
Performance with a positive impact on the Environment, Society and Governance
Alpha Bank’s performance in matters concerning Society is strong. Specifically, FTSE evaluates Alpha Bank with the best score, for its performance in Human Rights & Community and Labor Standards, while the Bank’s performance in issues is also above average Supply Chain for Social Actions.
With regard to the Environment and Climate Change Management, the report records the path that financial institutions are required to cover, rating the country’s banking system with a total of 2 points, and confirming the correctness of Alpha Bank’s choice to form a solid framework for financing the transition of the economy to more sustainable standards.
Finally, according to the FTSE report, the Bank also achieved improved performance in Governance issues, evaluating it with the best score in Anti-Corruption, while its score was also high in Corporate Governance and in Risk Management.
It is recalled that, in terms of Corporate Governance, Alpha Bank Group in 2021 made significant progress in the field of equal representation of the sexes, with 56% of its Employees being women, while with the approval of the General Assembly of July 22, 2022, the representation of women on the Bank’s Board of Directors exceeded 30% of the members.
FTSE Russell, a global stock market index provider, certifies that Alpha Bank has been independently assessed against the “FTSE4Good” criteria and found to be eligible for inclusion in the “FTSE4Good” Index Series.
The “FTSE4Good” Index Series was created by FTSE Russell (the name of the joint venture between “FTSE International Limited” and “Frank Russell Company”) and measures the performance of companies in implementing important practices in the areas of Environment, Society and of Governance. The FTSE4Good Indices are used by many market players to create and evaluate socially responsible investment funds and other products.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.