The 2021 Corporate Sustainability Report is the 5th Report published by Bank of Cyprus. It highlights our strategy, framework, action plans, activities and outcomes and discloses corporate information on Sustainability based on ESG (Environmental, Social, Governance) criteria.
The Report provides details on our performance in a concise and consistent manner. It focuses on agreed material topics and enables stakeholders to make informed decisions regarding the Bank’s ability to create long term, sustainable value. The Corporate Sustainability Report is a driver for transparency, accountability and value creation.
This Report has been prepared in line with the GRI Standards (2021) and against the SASB disclosure framework (VERSION 2018-10). It 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 GRI G4 Sector Disclosures: Financial Services, The Task Force on Climate related Financial Disclosures (TCFD) recommendations, the EU sustainable finance framework, and best practices of the sector at national and international level. This Report meets the requirements of the EU Non-Financial Reporting Directive (NFR Directive).