Environmental and Social Policy Framework

Security Bank established its Environmental and Social Policy Framework with sound policies and a clear roadmap on how to manage environmental and social issues.

This framework, which is overseen by the Sustainability Committee, guided our efforts in 2021 to create the Bank’s Environmental and Social Risk Management System (ESRMS) which was designed to identify, assess, and manage environmental and social risks associated with our banking operations.

Climate change

Climate change is a global problem that will require global cooperation to address. We strive to understand the impacts of climate change on our operations and supply chain better through increased monitoring of our carbon footprint, particularly in energy management, waste management, and water consumption, with an aim to maintain resource efficiency even as our business grows.

Energy

The Bank recognizes the elevated environmental and social risks inherent to the energy sector. We will work with clients within the energy sector as they implement new processes and technologies to transition to a lower carbon economy. We will utilize both our balance sheet and the capital markets to channel resources to support the transition.

Health and Safety

We value our people. Their health and well-being are important to the success of our business. We make every effort to provide a healthy and safe work environment for our employees, suppliers, clients, and visitors, following applicable health and safety legal requirements. The Bank also ensures that leading health and safety management standards are implemented and maintained across its operations.

Supply chain

The Bank recognizes the importance of sustainable and ethical procurement practices. We are accountable for encouraging our supply chain to operate responsibly and help improve the lives of our stakeholders, their communities, and the environment.

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