Our Approach to Climate Change
Bank of Georgia Group PLC is a FTSE-250 member and a Georgia-focused banking company.
The Group is the parent company of JSC Bank of Georgia – a leading financial institution in Georgia.
We aim to deliver long-term value for our shareholders through best-in-class customer relationships and digital financial solutions.
Climate-related Governance
The full Board of Directors retains primary responsibility for the Group’s climate strategy and oversees the management of climate-related risks and opportunities during its regular Board meetings.
At Bank of Georgia, we have set up Environmental and Social Impact Committee (ESI Committee), comprising the CEO and other Executive Management members, responsible for day-to-day management of ESG and climate-related issues.
The ESI Committee meets quarterly and reports to the full Board at least twice a year.
We Plan to Meet Our Ambition Through the Following Commintments
Bank of Georgia will regularly assess climate-related physical and transition risks across its lending portfolio. In 2022 we started collecting relevant data from borrowers to understand their GHG emissions and related climate risks. In 2023 we will begin using this data to systematically identify clients with the highest climate risks and engage with such borrowers to find the best possible solutions to mitigate risk.
Bank of Georgia will regularly assess climate-related physical and transition risks across its lending portfolio. In 2022 we started collecting relevant data from borrowers to understand their GHG emissions and related climate risks. In 2023 we will begin using this data to systematically identify clients with the highest climate risks and engage with such borrowers to find the best possible solutions to mitigate risk.
Bank of Georgia will regularly assess climate-related physical and transition risks across its lending portfolio. In 2022 we started collecting relevant data from borrowers to understand their GHG emissions and related climate risks. In 2023 we will begin using this data to systematically identify clients with the highest climate risks and engage with such borrowers to find the best possible solutions to mitigate risk.
Bank of Georgia will regularly assess climate-related physical and transition risks across its lending portfolio. In 2022 we started collecting relevant data from borrowers to understand their GHG emissions and related climate risks. In 2023 we will begin using this data to systematically identify clients with the highest climate risks and engage with such borrowers to find the best possible solutions to mitigate risk.
Risk Management
Bank of Georgia Group PLC is a FTSE-250 member and a Georgia-focused banking company. The Group is the parent company of JSC Bank of Georgia – a leading financial institution in Georgia. We aim to deliver long-term value for our shareholders through bes
We Undertook the Following Steps to Manage Climate-related Risk and Opportunities in 2022:
Initial Screening
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Awareness Raising
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Additional Data Collection
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In-Depth Climate Risk Assesment
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