Responsible banking
Our approach
Contribution to global initiatives

Responsible banking

Photo Dmitry Gusev

Dmitry Gusev


«In our business processes, we tend to focus on long-term and sustainable development targets enabling us to contribute to the achievement of global goals and create a better place for future generations to live in. We seek to strike the right balance between maintaining stable shareholder returns, providing decent living conditions for our employees, ensuring a high quality of services for our customers and making a difference for the wider society».

Sovcombank was amongst the first banks in Russia to integrate the principles of environmental and social responsibility and corporate governance into its strategy. The bank’s participation in international sustainability initiatives helps it leverage best global practices to streamline implementation of the ESG (Environmental Social Governance) approach.

In 2019, Sovcombank became the first Russian bank to sign the UNEP FI Principles for Responsible Banking as a way to stress its commitment to sustainable development and corporate social responsibility.

Sovcombank wholeheartedly supports the UN Sustainable Development Goals (SDGs) designed to address the world’s most pressing economic, environmental and social issues. With its operations, the bank seeks to make a contribution towards achieving the SDGs, raise awareness about its approach and promote actual sustainability agenda in Russia.

Sovcombank places a particular emphasis on responsible and green financing, supporting SMEs, enhancing access to high-quality financial services all over the country, improving general financial literacy, developing human capital and promoting social responsibility.

In 2020, Sovcombank established an ESG committee, which is responsible for overseeing the bank's activities in the field of sustainable development. Its tasks include monitoring the bank's work for compliance with the accepted obligations and recommendations of international standards on responsible financing, labor protection, health, social responsibility, environmental protection and corporate governance. Independent Director Regina von Flemming is the chairman of the committee.

PRB Reporting and Self-Assessment