The company discloses how the sustainability strategy is implemented in the operational business by way of rules and processes.
The approach for implementing agreed sustainability aspects described in the Non-Financial Report constitutes an integral part of the business strategy. The sustainability objectives of OLB are reviewed and further developed as part of its strategy revision on an annual basis. A work group consisting of members of the departments of Organisation, Compliance, Human Resources and Communication as well as Marketing / Products / Business Intelligence, headed and coordinated by the Corporate Communication department and the Office of the Board of Directors ensure that sustainability objectives are implemented in the operation and that the Non-Financial Report is prepared on an annual basis. Reports will be made by the Corporate Communication and the office of the Board of Directors which belongs to the area of responsibility of the Chairman of the Board, during the annual strategy process and based on notices given during the year which are the result of controls or adaptations.
The Bank has set out its orientation on sustainability topics and the underlying legal provisions, industry standards and own obligations in internal work instructions, guidelines and superior policies, such as the Code of Conduct, the Reputation Risk Management Guideline or its Remuneration Policy. It is currently preparing its own ESG Policy which will transform the strategic statements on sustainability set out in the business strategy into comprehensive, fundamental structures and processes.