Raiffeisen Centrobank AG
Climate Impact & Sustainability Data (2021, 2022-01 to 2022-06)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Sustainable Investments
Environmental Achievements
- Issued 820 certificates with sustainable underlyings, representing a 53% increase in total open interest.
Social Achievements
- Joined the UN Global Compact Network, supporting UN principles on labor, human rights, environment, and anti-corruption. Developed new sustainability indices on underlyings for certificates in cooperation with MSCI.
Governance Achievements
- Orients itself towards the rules and principles of good and responsible corporate governance as set forth in the Austrian Code of Corporate Governance (although not formally committed to compliance).
Climate Goals & Targets
Environmental Challenges
- Market making turnover on the Vienna stock exchange was 19% below the previous year's result following a change in business strategy.
- Impact and effects of the second year in the Covid-19 crisis.
- Military conflict in Ukraine and economic sanctions.
Mitigation Strategies
- Developed customized product range and outstanding commitment to customers.
- Developed even more our customized product range and our outstanding commitment to our customers and achieved a record result in this segment.
- Taking all possible measures to ensure banking operations and support for our customers within the given parameters, taking into account prudent and robust risk and sanction management.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact
Sustainable Products & Innovation
- Certificates with sustainable underlyings
Awards & Recognition
- Number One Award for Structured Products by Börse Social Network
- Best Structured Products Bank CEE 2021 by CFI.co
- Overall winner for the 15th consecutive year at the Certificates Award Austria
Reporting Period: 2022-01 to 2022-06
Environmental Metrics
ESG Focus Areas
- Sustainability
Social Achievements
- Received the Austrian Ecolabel in April 2022 as the first and so far only Austrian certificates provider. Various capital protection and bonus certificates on the MSCI World Climate Change Top ESG Select-Index were certified with the Austrian Ecolabel in February 2022.
Climate Goals & Targets
Medium-term Goals:
- Further development of business activities, particularly with regard to digital distribution channels, including expansion in the Digital Retail Bank Department (consumer loans, current accounts, debit cards, payment services) in the CEE region.
Short-term Goals:
- Full integration of the business segments Structured Products and Trading & Treasury into Raiffeisen Bank International AG by the end of 2022.
Environmental Challenges
- War in Ukraine and resulting market volatility and inflation.
- Caution from major distribution partners in the CEE region due to the war in Ukraine.
- Significant price increases on the energy market and current interest rate levels leading to high volatilities and uncertainties.
Mitigation Strategies
- Active risk management with efficient monitoring and controlling instruments.
- Integration into the risk management process of the RBI Credit Institution Group.
- Continuous adaptation to changing market dynamics to better support customers.
- Comprehensive hedging of issued products.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Capital protection certificates on sustainable underlyings
- Bonus certificates with inflation-adjusted yield component
Awards & Recognition
- SRP Awards (Best Distributor Austria, Best Performance Austria, Best Performance Germany)
- Capital Market Leader Award in Poland