ESG ratings, memberships
OTP Group’s environmental, social and governance (ESG) performance is rated by a number of agencies, for the purpose of providing information to investors.
Sustainalytics ESG uses risk ratings to assess companies. The rating provides a clear insight into ESG risk at the corporate level by measuring the extent of an organisation’s unmanaged ESG risk. The specific criteria only consider issues that have the potential to have a significant impact on the economic value of the company. The lower the level of unmanaged risk, the better the assessed company performs in terms of ESG.
OTP Bank Sustainalytics ESG Risk Assessment: Low
In 2023 OTP Bank’s overall ESG Risk score improved from 17.8 to 14.6, reached the low risk category. Risk is negligible in business ethics and product governance, and low in the areas of data privacy and security, ESG Integration – Financials and human capital.
The MSCI ESG rating is designed to measure a company’s resilience to long-term, industry-relevant environmental, social and governance risks. A rules-based methodology is used to identify industry leaders and laggards, based on how exposed companies are to ESG risks and how well they manage these risks relative to their competitors. Their ESG ratings range from leading (AAA, AA), average (A, BBB, BB) to lagging (B, CCC).
OTP Bank’s MSCI ESG Rating: “A”
OTP Bank maintained its “A” rating in MSCI's 2021 assessment. Our Bank performed better than the industry average in the areas of financial consumer protection, human capital development and access to finance. OTP Bank is also included in several MSCI ESG indices, in which companies can be included based on the assessment of these criteria.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP operates the global environmental disclosure system.
OTP Group participated in the CDP’s environmental disclosure system in 2021 as well. We completed the survey in response to investor expectations, where we maintained our rating. OTP Bank CDP Climate Change Rating: “B-”
Principles of Responsible Banking
The Principles of Responsible Banking provide a unique framework to ensure that the strategy and practices of the joining banks are in line with the vision that society has set for its future in the Sustainable Development Goals and the Paris Climate Agreement. OTP Bank joined the PRB in 2021.Read more
Hungarian Advertising Self-Regulatory Board
As part of the self-regulation of advertising, we have undertaken to contribute to positive cultural change through the power of marketing communication, the responsible and multi-faceted portrayal of people in advertising, and to being transparent in the achievement of these goals, including the measurement thereof.Read more