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Social Responsibility

VUB Bank is a company that committed to run its business responsibly. Social responsibility of VUB Bank is rooted mainly in ethics and transparency. It interconnects its business interests and activities with ethical values beyond the scope of obligations imposed by the legislation. The Bank’s responsibility is based on its determination to consider the impacts of its decisions on the entire society. Therefore, within its business operations it prefers activities that contribute to permanently sustainable development and creation of values not only for the Bank but also for its stakeholders. Important is its comprehensive approach to responsible business, which is supported by transparent acting of VUB Bank in relation to all of its stakeholders. The basis of this approach lies in implementation of common social responsibility policies and principles.

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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