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The materiality assessment is a process that helps ttb obtain inputs for business strategic planning, prioritizes the impacts of each sustainability topic, and allows integration into business functions across the Bank.
At the Bank, the materiality assessment is carried out on a flexible two- to three-year cycle. The review process is conducted annually to ensure it remains responsive and dynamic in addressing the evolving sustainability challenges and opportunities.
Previously in 2019 and 2021, our materiality assessments adhered to a single materiality framework, focusing on stakeholder interests in Environmental, Social, and Governance (ESG) issues. From 2023 onward, we’ve applied a double materiality approach which considers both how ESG topics affect the financial value of the Bank (Financial materiality) as well as the environment and society at large (Impact materiality).
The materiality assessment process and results are endorsed by the Bank’s top management and signed off by the Board of Directors. The results are then integrated into the business operations across the Bank including the Enterprise Risk Management (ERM), ESG risk management, corporate strategy, and sustainability strategy.
More details : Materiality assessment and stakeholder engagement report 2023
The materiality assessment is a process that helps ttb obtain inputs for business strategic planning, prioritizes the impacts of each sustainability topic, and allows integration into business functions across the Bank.
At the Bank, the materiality assessment is carried out on a flexible two- to three-year cycle. The review process is conducted annually to ensure it remains responsive and dynamic in addressing the evolving sustainability challenges and opportunities.
Previously in 2019 and 2021, our materiality assessments adhered to a single materiality framework, focusing on stakeholder interests in Environmental, Social, and Governance (ESG) issues. From 2023 onward, we’ve applied a double materiality approach which considers both how ESG topics affect the financial value of the Bank (Financial materiality) as well as the environment and society at large (Impact materiality).
The materiality assessment process and results are endorsed by the Bank’s top management and signed off by the Board of Directors. The results are then integrated into the business operations across the Bank including the Enterprise Risk Management (ERM), ESG risk management, corporate strategy, and sustainability strategy.
More details : Materiality assessment and stakeholder engagement report 2023
The materiality assessment is a process that helps ttb obtain inputs for business strategic planning, prioritizes the impacts of each sustainability topic, and allows integration into business functions across the Bank.
At the Bank, the materiality assessment is carried out on a flexible two- to three-year cycle. The review process is conducted annually to ensure it remains responsive and dynamic in addressing the evolving sustainability challenges and opportunities.
Previously in 2019 and 2021, our materiality assessments adhered to a single materiality framework, focusing on stakeholder interests in Environmental, Social, and Governance (ESG) issues. From 2023 onward, we’ve applied a double materiality approach which considers both how ESG topics affect the financial value of the Bank (Financial materiality) as well as the environment and society at large (Impact materiality).
The materiality assessment process and results are endorsed by the Bank’s top management and signed off by the Board of Directors. The results are then integrated into the business operations across the Bank including the Enterprise Risk Management (ERM), ESG risk management, corporate strategy, and sustainability strategy.
More details : Materiality assessment and stakeholder engagement report 2023
