Fibank Fibank has taken another major step in delivering on its comprehensive strategy to embed sustainability requirements across all areas of its operations. The Bank has released its first standalone Sustainability Report, highlighting the institution’s strategic efforts in environmental, social and governance (ESG) sustainability. Fibank is among the first banks in the country to publish a 2024 report fully aligned with the European Sustainability Reporting Standards (ESRS), accompanied by an independent assurance of the disclosed information by a registered sustainability auditor.
Sustainability stands alongside digitalization and stability as one of the core pillars of First Investment Bank’s business strategy. Although 2025 is the first mandatory reporting year, Fibank’s management made the proactive decision to launch the process early and prepare its first sustainability report for 2024. The Bank is committed to the highest standards of corporate ethics, transparency and professional conduct, integrating ESG factors directly into its business decision-making.
The Report is based on a double materiality assessment carried out in accordance with ESRS requirements and the guidelines of the European Financial Reporting Advisory Group (EFRAG). The process included a detailed review of the Bank’s value chain and its interactions with key internal and external stakeholders. The result is a clear identification of the sustainability topics that will remain the Bank’s strategic focus moving forward.
In the section on environmental responsibility, Fibank conducted a full greenhouse gas inventory using the PCAF (Partnership for Carbon Accounting Financials) methodology, including financed emissions (indirect Scope 3 emissions) stemming from the Bank’s lending and investment activities. This indicator is essential for understanding the carbon footprint of the Bank’s credit portfolio and forms the basis for future decarbonization targets and sustainable finance initiatives.
Fibank supports the transition to net-zero emissions by 2050 and, as part of its longstanding commitment, has already developed dedicated “green” financing products such as “Green Transport,” “Green Energy – Free Market,” “Green Energy – Self-Consumption,” as well as loans for energy efficiency and electric vehicles.
Beyond environmental performance, the report also presents the Bank’s social initiatives and the good governance practices it applies. Fibank’s full 2024 Sustainability Report is available on the Bank’s official website.