The 2022 Sustainability Report is the 6th Report published by Bank of Cyprus. It highlights our strategy, framework, action plans, activities and outcomes.
The Report provides the stakeholders of the Bank a comprehensive picture of its most significant impacts on the economy, environment, and people, including impacts on their human rights, and how it manages these impacts. It focuses on agreed material topics and enables stakeholders to make informed decisions regarding the Bank’s ability to create long term, sustainable value. For the Bank, the Sustainability Report is a driver for transparency, accountability and value creation.
The Report covers the activities of the Bank in Cyprus and excludes any subsidiaries and connected parties in or outside Cyprus. The Report has been prepared in line with the revised Global Reporting Initiative Standards (GRI) 2021, the SASB disclosure framework (VERSION 2018-10) and the Task Force on Climate-related Financial Disclosures (‘TCFD’) recommendations.
The Report has been guided by the Social Responsibility ISO 26000 Standard, the United Nations Sustainable Development Goals, the Ten Principles of the United Nations Global Compact, the UNEPFI Principles for Responsible Banking, the EU sustainable finance framework, and best practices of the sector at national and international level.