Working more sustainably
- Reducing environmental impact
reducing negative environmental impacts through the adoption of measurement practices, partnerships and the development of green products and impact reduction initiatives
Sustainable solutions closer to you
For more than 30 years, we have been growing and caring for our clients, developing and delivering solutions for residents, businesses and communities. As a significant player in the Lithuanian financial sector, we value our contribution to a sustainable society and are guided by the Sustainability Strategy (EGS Strategy encompassing environmental, social and governance factors).
We strive to be closer to people and businesses, while our mission is to provide financial services that create shared prosperity and growth.
We understand that well-being is inextricably linked to our commitment to our environment, employees and clients, and to our governance practices.
The ESG strategy of Šiaulių Bankas has been developed taking into account the business strategy of Šiaulių Bankas and the assessments of internal and external stakeholders on the most important impact topics. The identified general ESG material areas reveal three core perspectives for the sustainable operations of the Bank:
Ensuring higher engagement
- Improving service accessibility
- Engaged employees
providing convenient, affordable, and understandable services to our entire client base, regardless of their place of residence or digital literacy, and encouraging employees to play an active role in shaping organisational culture
Growing in a more responsible way
- Responsible business and transparency
- Reliable services
acting 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
The ESG strategy of Šiaulių Bankas defines a vision for each area, measures progress indicators and identifies ongoing and planned actions and initiatives.
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.
Social responsibility report of Šiaulių bankas for 2023 (PDF)
United Nations Sustainable Development Goals
When developing our ESG strategy, we set our objectives in line with the United Nations Sustainable Development Goals (SDGs). The SDGs are a framework of goals established by the United Nations in 2015 to guide and help coordinate sustainable development initiatives. The ultimate goal is to ensure the well-being of the planet and people by 2030. The SDGs are used as one of the most universal methodologies for setting the sustainable development goals and specifying SDG linkages is an integral part of many ESG and sustainability strategies.
In developing our ESG strategy, we have also identified SDG linkages to the priority ESG areas of Šiaulių Bankas:
Information on the ESG risk assessment
Together with the European Union (EU), we are all committed to achieving climate neutrality by 2050 (in line with the Paris Agreement goals). We, Šiaulių Bankas (the Bank), aim to contribute to sustainable business and economic growth. As one of the country’s largest banks, we have to take into account the environmental risks of our clients in the course of our activities, and we have incorporated ESG factors into our credit risk management policy and procedures to ensure that the activities of our clients are in line with the requirements of the Bank’s and the EU’s sustainability policy and objectives.
We invite you to find out more about ESG risk assessment and to contribute to a sustainable future.