The Croatian Bank for Reconstruction and Development has adopted the Sustainability Policy, the strategic document that defines the approach to integrating environmental, social and governance (ESG) factors into the Bank's overall operations.

This document represents an important step forward in the further development of HBOR as a key development financial institution with a focus on fostering sustainable economic growth and resilience of the Croatian economy.

The Sustainability Policy is aimed at systematically managing the impacts and risks associated with climate change, social factors and corporate governance, while simultaneously recognising new development opportunities arising from the green and digital transition.

The core of the Sustainability Policy is the integration of ESG factors in:
  • Strategy and business processes
  • Risk management system
  • Development of financial products and services
In this way, HBOR further strengthens its role in:
  • Financing green and digital transition projects
  • Promoting innovation and internationalisation of business
  • Supporting clients in the transition to sustainable business models
Special emphasis is placed on managing climate risks and reducing negative environmental impact, including monitoring of financed emissions and strengthening of internal capacities for the assessment of environmental and social impacts of investments.

The Policy also defines a clear governance structure for sustainable finance, including the establishment of the Sustainable Finance Committee, and the strengthening of organisational capacities through specialised functions and processes.

In the social segment, HBOR continues to promote the principles of responsible business, including respect for human rights, diversity and inclusion as well as transparent reporting in accordance with international standards.

By adopting the Sustainability Policy, HBOR further confirms its commitment to sustainable development and strengthens the framework for the development of financial solutions that contribute to the long-term stability, resilience and competitiveness of the Croatian economy.