Climate Change Data

Merco Bank – Merco Trustees LLC

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Climate change
  • Financial crime prevention
  • Digitalization
  • Employee well-being
  • Ethical standards

Environmental Achievements

  • Percent renewable electricity used (Specific percentage not provided in the text)
  • Percent of waste recycled or diverted from landfills (Specific percentage not provided in the text)

Social Achievements

  • Created a thriving workplace that attracts, retains and rewards the most talented and committed people
  • Drive sustainable economic growth, financial inclusion and positive socio-economic impact
  • Drive inclusive digitalization and use technology in a way that creates value for all of our stakeholders.

Governance Achievements

  • Significant investment in ongoing enhancement to our financial crime control framework, and to key controls including anti-bribery and corruption measures, customer risk assessment, and screening and transaction monitoring.
  • Established robust processes and controls to track potential issues and mitigate implementation risk in managing a complex change agenda.

Climate Goals & Targets

Environmental Challenges

  • Financial crime activities
  • Managing a complex change agenda
  • Cyber attacks
  • Geopolitical uncertainty (e.g., war in Ukraine)
  • Macroeconomic shifts (e.g., end of fiscal and monetary stimulus, regionalization of supply chains)
  • Transition to a sustainable, climate-friendly and increasingly digital economy
Mitigation Strategies
  • Significant investment in financial crime control framework
  • Robust processes and controls for managing change agenda
  • Monitoring of cyber threats
  • Strong balance sheet and first-class risk management to support clients during difficult times
  • Focus on client needs and efficient operations
  • Investment in technology, global network, advisory capacities, and product/management expertise

Supply Chain Management

Climate-Related Risks & Opportunities