Sustainable Development

In the context of current global challenges the concept of sustainable development becomes even more important. All over the world new approaches of business to management resources, risks and all types of influence on economy, society and ecology are being formed. National Strategy is being actively formed in Russia; it combines goals on achieving economic efficiency, social equity and environmental safety.

VTB Bank, among other companies with best Russian business practices, established and extends effective practices in the field of corporate ecological and social responsibility, system charity and volunteering and other.

In 2019, VTB Bank’s Supervisory Council adopted new Development Strategy for 2019–2020, including renewed mission, vision and values. After adoption of the new business Strategy VTB Bank came close to a complex introduction of sustainable development elements in its activity.

Since 2008, VTB annually releases non-financial reports devoted to different aspects of corporate social responsibility. Selected indicators in the field of sustainable development, published in the social reports for 2012–2018, were independently audited.

In the Sustainability Report for 2018 VTB Group declared its commitment to the UN formulated Strategy to meet 17 Sustainable Developments Goals till 2030. In 2019, the Bank determined its 8 priority goals of sustainable development, achieving of which will be paid a great attention.

The key VTB Group results and achievements for 2019 in the field of personnel development, social projects realisation and management of resource consumption and recycling are provided in the section.