ESG
The bank's approach to sustainability, responsible business conduct, and governance.
Sustainability and responsible business conduct
Maritime & Merchant Bank has been a member of the UN Global Compact since February 2022. We report annually on progress against the Global Compact's ten principles covering human rights, labour, environment, and anti-corruption.
The bank's prioritised Sustainable Development Goals are SDG 5 (gender equality), SDG 8 (decent work and economic growth), SDG 14 (life below water), and SDG 16 (peace, justice and strong institutions).
ESG is part of our credit process. Credit memos include ESG and KYC sections for each client, and ESG factors feed into our credit scoring models. We monitor IMO Carbon Intensity Indicator (CII) ratings for vessels in the portfolio. Full ESG reporting is available in the annual report and Pillar III document under Investor Relations.