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