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Social Responsibility

VÚB Bank is a company that is committed to doing business responsibly. The corporate responsibility of VÚB Bank is based mainly on ethics and transparency. Business interests and activities are linked to ethical values beyond the scope of statutory obligations. The Bank’s responsibility is based on the pre-condition to consider the impact of its decision on the whole company and therefore seeks in the business activities that contribute to sustainable development and value creation not only for the Bank but also for its partners. A comprehensive approach to responsible business is important, which is supported by the transparent conduct of VÚB Bank in relation to all partners. The basic part of this approach is the implementation of common policies and the principles of responsible entrepreneurship.

Currently, at the time of turbulent and dynamically developing business environment, the creation and observance of the guidelines set out in the Code of Ethics are an essential public commitment of VÚB Bank.

The Code of Ethics is a binding document that contains a set of standards and rules that guide the behaviour of individuals - employees and suppliers of VÚB Bank. The Code of Ethics refers to behaviours with an emphasis on social and environmental aspects that contribute to minimizing credit and regulatory compliance risks.

Reports of violations of the Code of Ethics can be sent to etickykodex@vub.sk.

The Report on Responsible Business is an annual report on the qualitative results of VÚB Bank’s activities, summarizing activities whose main purpose is sustainable development in the fields of economy, environment and society.

Separate Report on Responsible Business under the Global Reporting Initiative international guidelines was issued by VÚB Bank in 2006-2016.

From 2017, in accordance with international regulations and the European Directive 2014/95/EU, the parent company of VÚB Bank, Intesa Sanpaolo, is processing and issuing such report for all its subsidiaries. Although VÚB Bank does not have the obligation to issue Report on Responsible Business under the law and new EU Directive, VÚB Bank is proud of its activities and therefore included in its Annual Report the chapter Selected Aspects of Responsible Business.

 

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