Center-invest Bank presents in Brussels a report on Agile digitalization of ESG Banking
October 25, 2021
Center-invest Bank in Russia, a member of GABV since 2019, was invited to share the world's best experience in ESG digitalization and agile management principles at the annual European Chapter Meeting which took place on October 21-22 in Brussels.
Professor V.V. Vysokov, Doctor of Economics and Chairman of the Board of Directors of Center-invest Bank, presented a unique ESG reporting methodology in the metrics of the UN Sustainable Development Goals (SDGs) and the book "Flexible digitalization of ESG banking".
This theoretical and practical handbook captures the interplay between the two main development trends in the banking sector: the transition to digital banking, and a business model based on environmental, social and governance principles.
The book is based on the experience of working with international financial institutions, partners and shareholders of Center-invest Bank, as well as the localization of the best world banking business practice in southern Russia.
As part of his speech, Professor Vasily Vasilyevich Vysokov told how, based on the analysis and automated data processing, Center-invest Bank developed an innovative methodology for assessing the balance sheet, loan portfolio, customer payments in terms of SDGs and National Projects. As a result, a reference book was formed on the correspondence of financial reporting and SDG indicators. In the diagnosis of compliance, positive screening was used to unequivocally assign credit to the SDGs and negative screening for loans that do not fall into the SDG classification. A full analysis of the ESG balance sheet of Center-invest Bank is available on the website .
For 30 years, Center-invest Bank has been successfully implementing social and educational projects aimed at developing the current and future generations, creating unique products for small businesses with an emphasis on a new generation of entrepreneurs and transforming the population's savings into the development of the real sector of the region's economy.