Sustainability- related disclosure in the financial services sector (SFDR)
OTP banka d.d. welcomes all initiatives aiming at environmental protection and other factors that define investments as sustainable, including environmental, social and employee issues, as well as issues related to respect for human rights and the fight against with corruption and bribery. The Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (hereinafter referred as: Regulation) is considered to be a milestone in the ESG related EU legislation by requiring the disclosure of specific information on the approaches of the financial institutions to the integration of sustainability risks and the consideration of adverse sustainability impacts. OTP BANKA d.d. is strongly committed to the goals of the Regulation and as part of the OTP Banking Group makes huge efforts to fully comply with it.
Although for the time being OTP BANKA d.d. has chosen not to consider adverse impacts of investment decisions on sustainability factors in its investment advice based on paragraph 5.b of Article 4 of Regulation, it has been committed to continuous consideration of all factors related to the sustainability risks in order to be able to develop a quality scoring model for own assessment or scoring of the ESG indicators. The completion of such assessment is planned for 30/12/2022, given that it depends on transparent disclosures of individual sustainability factors of our partners, manufacturers of the products that we distribute when providing investment advisory services.
All information disclosed here are subject to updates. Any updates will be clearly marked.