NLB received its first ESG rating from Sustainalytics. The company reported a score of 17.7 and was assessed to be at low risk of experiencing material financial impacts from ESG factors due to its medium exposure and strong management of material ESG issues.

NLB received its first ESG rating and was given a score of 17.7 by Sustainalytics. The company was assessed to be at low risk of experiencing material financial impacts from ESG factors due to its medium exposure and strong management of material ESG issues. As Sustainalytics said, „The company is noted for its strong corporate governance performance, which is reducing its overall risk. Furthermore, the company has not experienced significant controversies.”

In addition, NLB’s ESG Risk Rating places the company among the best 15% banks assessed by Sustainalytics. In the report, it is noted that NLB is the first bank with head headquarters and exclusive strategic interest in Southeast Europe which has obtained this rating, as well as the first among the companies, listed on the Ljubljana Stock Exchange.

Further, NLB emphasized a few efforts in the field of sustainability encompass the environmental, social and management aspects. Some of the NLB’s actions were, according to the Company: It has established the NLB Group Sustainability framework; the directions and goals of sustainable business, sustainable financing and contribution to society. Further, NLB is also the first bank from Slovenia to commit to the UN Principles for Responsible Banking, and in the spring of this year joined the United Nations Net Zero Banking Alliance, which aims to harmonize credit and investment portfolios with reaching zero net emissions by 2050 or earlier. You can read more about it here.