Sustainability Report 2022
During 2022, we continued building our capabilities to steer financing into assets that help us to achieve the Paris Agreement alignment and that do not harm human rights nor the environment. We raised peoples’ capabilities and solidified our ESG governance, setting further targets, building our capabilities through trainings and seminars, reducing our greenhouse gas emissions and expanding our performance management metrics and tools. We have reinforced our central Group Sustainability Department (GSD) who is responsible for Luminor Sustainability Policy and Strategy, and for building up subject matter expertise on ESG-related areas. We institutionalized our ESG data delivery processes and organization.
In 2022, we also made progress on our commitments in reducing the CO2 emissions of our own operations and advanced in improving the data quality and disclosing the emissions for further asset classes. We advanced in building partnerships that support early-stage companies in the Baltics in addressing locally relevant social or environmental problems and started measuring our impact. We improved our employee engagement and wellbeing.
Read more about our sustainability related activities and other ambitious targets in our Luminor Sustainability Report 2022 and in Luminor Sustainability Factbook 2022.
ESG Due Diligence Guidelines and Sustainable Investment Guidelines
We have ESG Due Diligence Guidelines in place that define the principles for due assessment and management of any negative impacts on society and environment that might be caused by our business activities. The statement on the ESG Due Diligence Guidelines providing a brief description of the established processes is published here.
We also established Sustainable Investment Guidelines that outline the Sustainable Investment principles, including sustainability risk integration in the investment decision‑making process in Luminor Bank and its Asset Management Subsidiaries. The statement on the Sustainable Investment Guidelines providing a brief description of the main principles is published here.
Furthermore, we have established ESG Risk Assessment Guidelines that describe and integrate the assessment process of ESG risks of the legal entities into the existing overall creditworthiness assessment process.