ICD has published a code of conduct for contractors and implements ESG principles at the design and procurement stage

AK&M 28 January 2022 17:21

Credit Bank of Moscow (ICB), as part of the implementation of the ESG Strategy, has developed and approved the Procedure for Managing Environmental and Social Impacts at the design and Procurement stages, as well as a Code of Conduct for Suppliers and Contractors. This is stated in the bank's message.

The documents are based on the requirements of the social and environmental legislation of the Russian Federation, international treaties and conventions, as well as the expectations of leading ESG agencies. 

The implementation of the documents allows you to manage the environmental and social impact at the design stage of your own capital construction and mobile facilities, procurement of goods, works and services. When choosing contractors, a questionnaire and an expert assessment of the contractor from the point of view of compliance with the socio-environmental requirements of the Code are provided.

As part of the bank's ESG strategy, the level of environmental and social impact will be determined for 100% of selected suppliers and contractors with significant environmental and social aspects by the end of 2023. In addition, the bank intends to provide consulting support to its counterparties on improving environmental and social impact management.    

PJSC Credit Bank of Moscow (MKB) is a universal commercial private bank that provides a full range of banking services for corporate and private clients, as well as for financial and credit organizations. The Bank is included in the list of systemically important credit institutions approved by the Bank of Russia. The ICD was founded in 1992. The beneficial owner of the bank is businessman Roman Avdeev. The second private bank in terms of assets in the third quarter of 2021.