Last year, BRD continued to pursue on its objectives set out in Horizons 2025 roadmap, which defined among other, strong ESG ambitions: to support its clients in their energy transition and be a leader in green financing in Romania. With cumulative sustainable financing of about 800 million Euro as of 2023 end, target set for 2025 end of one billion Euro is expected to be reached in advance.
In 2023, BRD provided a number of important financings to corporate segment, starting with a bilateral loan linked to sustainability targets for a utility company (~EUR 250m). BRD granted also 3 sustainable loans (green or with social impact) in favor of municipalities (Brasov, Oradea and Targu Lăpuș), a number of loans for photovoltaic and energy efficiency projects and also mobility solutions.
In October 2023, the Bank organized, together with its partners at Social Innovation Solutions, the second edition of the Climate Change Summit. More than 1 million viewers across the world watched the live broadcast.
The Bank continued to support social and community actions: culture, education, and sport. In 2023, BRD signed two important partnerships at national level: “IntreVecini” (Between Neighbours) project, which aims to regenerate community spirit, creating urban communities in Romanian cities, and The Urban Nature Network and the Romanian Geoparks Network, aiming to unite rural and urban communities around nature conservation and sustainable development.
“Ziua-V”, BRD’s internal volunteering platform, increased in the number of participants, counting more than 2,500 volunteers, and carried out 24 actions throughout Romania in 2023.
For best practices in corporate governance and investor communications, for 2023, BRD scored 10 in ARIR’s Vektor assessment, for the 2nd year in a row.
In December 2023, Sustainable Fitch has assigned BRD an ESG Rating of ‘3’ and a score of 60, being the first Romanian bank to be rated by Sustainable Fitch and have its rating made public. In addition, BRD improved its ESG Risk Score from Sustainalytics to 14.4 (2.9 pts improvement vs 2022).
