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Growing in a more responsible way

We seek to act responsibly and ethically at all levels of the organisation and address data security and privacy issues by engaging, educating and empowering employees, partners and clients. So that we can grow more responsibly, our ESG strategy identifies two priority areas – responsible business and transparency, and reliable services.

Responsible business and transparency

Vision

To be a bank that is led by responsible and ethical governance principles on all levels of operation.

Objectives

Improving compliance and risk management culture and practices  Encouraging fully responsible behaviour by employees  Developing responsible and sustainable lending practices 

Initiatives

Operational risk management 
Climate and environmental risk management
Prevention of money laundering
Code of Ethics
Responsible practices training 
Whistleblowing mechanisms
Prevention of corruption and conflicts of interest
Developing lending practices 
Assessment of high-risk projects
Loan restructuring
ESG Risk Assessment Initiative Plan
Responsible consumption and production
Climate action

Reliable services

Vision

To be a bank that solves data security and customer privacy questions by engaging, educating and empowering employees, partners and clients.

Objectives

Strengthening IT system and data infrastructure stability and reliability Empowering teams and developing security-related competences  Educating clients on digital security issues

Initiatives

IT infrastructure and systems development
Implementation of cyber security measures
Business continuity plan
Changes in organisational structure
Staff competence development
Process improvement
IT Incident Management Procedure
Content projects and the provision of information to clients 
Educational campaigns 
Industry, innovation and infrastructure

Šiaulių banko ESG strategijoje apibrėžta kiekvienos srities vizija, matuojami progreso rodikliai, vykdomi ir kuriami numatyti veiksmai ir iniciatyvos.

Sustainability Report

For more information on our sustainability-related activities and objectives, see the Sustainability Report of Šiaulių Bankas. This report forms part of the financial statements of AB Šiaulių Bankas. We update it once a year.

 Sustainability Report (PDF)