At Private and Affluent Banking we are committed to act with responsibility over the risks associated with ESG factors. We believe that successful incorporation of ESG factors into our investment-decision making process adds value to our Bank and to our clients.
Private and Affluent Banking is aware of the key elements comprising the EU Sustainable Finance Disclosure Regulation (SFDR). Bank of Cyprus Private and Affluent Banking provides investment advice to its clients primarily through model portfolios. Our advisory service provides clients, amongst others, sustainable investment solutions which are aligned with their investment objectives and risk profile. Investment solutions include funds from leading fund providers, most of which consider ESG related factors in their investment philosophy. Private and Affluent Banking is currently in a transitional phase, amending its investment policies in order to integrate factors that take into account sustainability risks and opportunities and incorporate criteria satisfying human, social, economic, environmental and governance requirements when identifying investment solutions offered to clients.
Remuneration policy includes fixed remuneration of employees and is not linked to risk-adjusted-performance. It therefore does not encourage excessive-risk taking with respect to sustainability risks.