Submitted by

Tatra Banka

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26/06/2024 Banking Innovation
Tatra banka profiles itself as a leading green bond issuer on the Slovak market with more than EUR 1 billion of green bonds issued. An internal application was designed to increase transparency of allocation and impact reporting.
Innovation details
Country
Slovakia
Category
Social, Sustainable & Responsible Banking
Keyword
Loans, ESG & Sustainability

Innovation presentation

Banking sector plays a crucial role in transition towards sustainable and climate resilient economy. The green bonds directly channel investments into projects bringing positive environmental impact. In Slovakia, the green buildings, implementation of renewable energy, and clean transportation projects contribute to lowering the country's carbon footprint. In order to meet the true environmental potential of green bonds, transparency and accuracy of collected data is essential. Thus, internal management tool, ESG Portfolio Application, was developed to collect and evaluate data confirming the greenness of the financed projects. Tatra banka believes that precise data management is the key step in evaluating environmental impact of financed projects. The application was developed using in-house resources with the involvement of multiple departments - Treasury, ESG team, IT and business.

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