Corporate Sustainability Governance
As Garanti BBVA, we believe that the concept of sustainability must be embedded throughout our decision-making mechanisms and business processes to create value for our stakeholders. The Sustainability Committee and the Responsible Business Committee, established for this purpose, formally review and approve the Bank’s activities related to sustainability and are chaired by a Board member. The Committees meet regularly in order to monitor the progress of and to provide input to all sustainability efforts. The Committees are deliberately structured to integrate sustainability concerns and opportunities into all operations, products and services. In addition, this structure ensures all efforts are consistent with internal policies and related regulations. The Committees' role is to agree on strategic direction and action plans for the Bank. The Committees meet to review and take decisions on recommendations raised by the Sustainability Team and functional representatives regarding sustainability related topics.
Sustainability Team is responsible for the daily coordination of the efforts undertaken under the main heading of sustainability at Garanti BBVA. The fulltime Sustainability Team, which is based in the Project Finance Department, comprises 5 members including the Project Finance Director. Reporting regularly in the Committee meetings, the Sustainability Team presents the sustainability progress made to the Committee. Additionally, the significant development in the sustainability agenda is reported to the Committee members by the Team, or the Team receives approval regarding the process requiring approval from the Committee. In addition, the Responsible Business Team under the Strategic Planning and Responsible Business Unit is also responsible for the integration of the BBVA Group's global responsible banking plan into the strategy and business model. The team consists of 3 people, including the Strategic Planning and Responsible Business Director.
Regularly reporting to the Sustainability Committee and the Responsible Business Committee, the Sustainability Team Works in cooperation with other units of the Bank in the process of putting the decisions into practice. Following the progress each week, the Team ensures the consolidation and assessment of sustainability data throughout the Bank within the scope of Bank’s objectives, and coordinates the gathering of information and data from other units. To date, there are more than 1,000 Sustainability Representatives in charge of working in coordination with the Sustainability Team in order to gather data and support the application of the decisions made by the Committees in the units or branches where they work.
In 2018, the Responsible Business Committee convened with the attendance of the members of the Sustainability Committee and discussed the related topics.
For further details and members of the Sustainability Committee, please visit here.
For further details and members of the Responsible Business Committee, please visit here.