Case study: How MBH Bank works with its clients and customers to encourage sustainable practices
MBH Bank was formed in May 2023 through the merger of three banks: MKB Bank, Budapest Bank, and Takarékbank. Currently, it stands as one of Hungary’s foremost credit institutions. As a universal bank, it provides modern financial services and a continually expanding range of products to both retail and corporate-institutional clients. By 2023, MBH Bank served 2 million clients across its retail and corporate divisions, employed over 7,600 people, and operated 560 branches. MBH Bank is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Tweet This!
This case study is based on the 2024 PRB Reporting and Self-Assessment Template by MBH Bank prepared in relation to its implementation of the PRB, that can be found at this link. Through all case studies we aim to demonstrate what ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
Which Principles for Responsible Banking have been addressed?
The Principles for Responsible Banking addressed in this case are:
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- Principle 3: Clients and Customers
- Principle 4: Stakeholders
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With this case study you will see:
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- How MBH Bank proceeded with stakeholder identification and consultation, and
- How MBH Bank worked with its clients and customers to encourage sustainable practices and enable sustainable economic activities
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Stakeholder identification and consultation
Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.
MBH Bank recognizes that it cannot tackle all the challenges posed by climate change and the decline of biodiversity on its own. As such, it is a priority for MBH Bank to collaborate with various stakeholders, including clients, regulators, peers, and NGOs, to foster essential synergies within its capabilities. MBH Bank will communicate its progress in future PRB disclosures.
How did MBH Bank work with its clients and customers to encourage sustainable practices and enable sustainable economic activities?
In its 2024 PRB Reporting and Self-Assessment Template MBH Bank reports that it works with its clients and customers to encourage sustainable practices and enable sustainable economic activities as follows:
MBH Bank understands that it cannot resolve all the issues related to climate change and the decline of biodiversity. Therefore, MBH Bank focuses on engaging with all types of stakeholders, such as clients, regulators, peers, and NGOs, to establish essential synergies within its reach. MBH Bank will provide updates on its advancements regarding PRB Principle 3 in upcoming PRB disclosures.
UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet
With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.
FBRH Principles for Responsible Banking (PRB) Assurance:
First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience
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- FBRH is a GRI Certified Training Partner (Global), ISEP Training Centre and a member of CPD.
- FBRH builds trust. Over 200 reviews from top professionals from around the world demonstrate our ability to build strong, trusting business relationships.
- FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.
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The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.
References:
This case study is based on published information by MBH Bank, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
https://www.mbhbank.hu/sw/static/file/MBH_Bank_UNEPFI_PRB_Report_and_Self_Assessment_May_2024.pdf
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