News Details

APS Banks adopts Sustainability Risk Policy

29/03/2021 09:00:00


APS Bank has a long-standing commitment towards sustainability and recently adopted a Sustainability Risk Policy, which builds on the Bank’s values and Business Plan. The Bank and its subsidiaries aim to have a prominent position as a sustainable Group, that takes responsibility for its actions and engagements, as a member of society with its own impact on the planet and on people, but also as a provider of financial services with an indirect impact through the activities of its clients and investments. This prominent position is to be achieved by fully incorporating sustainability into the Bank’s culture and investment decisions, and by reinforcing the bank’s sustainability risk management.

The Sustainability Risk Policy defines the framework for managing sustainability risks (Environmental, Social and Governance risks) which is integrated in investment decisions and advice on financial products provided by APS Bank. Sustainability risk management is aligned with the Bank’s risk appetite and supports the mission to bring sustainable investment solutions to its clients.

Giovanni Bartolotta, APS Bank CRO stated that, “We recognise the importance of acting in adherence with the UN Sustainable Development Goals (SDGs), the Paris climate agreement, and the Principles for Responsible Investments (PRI). This policy will ensure that the services we offer to our customers, both as a financial market participant and financial advisor, do not result in having a damaging impact on society or the environment.”

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APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.