Analysis of four of the first regulated reports under CSRD – Part 3: Tatra banka sets the direction in the region

On the European market, the first sustainability reports under the new ESRS standards have appeared, eagerly awaited by the professional community since the adoption of the CSRD directive in 2022. They are being published by companies from the so-called first wave, which had previously reported non-financial information under the NFRD directive. Our analysis, presented at this year’s Czech & Slovak Sustainability Summit, focused on four practical examples – Orsted, ASM, Coca-Cola and Tatra Bank – which we examine in more detail in the 3rd part of this series.

Tatra banka sets the standard – The first regulated ESG report in Czecho-Slovakia

Slovak Tatra banka, a member of the Raiffeisen Bank International Group, has become a pioneer in the field of regulated sustainability reporting in our region. Its newly published document relies on visual simplicity, yet delivers highly detailed content that can serve as inspiration for other companies as well.

ESG Analysis: From Workshops to Global Tools

When preparing the report, Tatra banka chose an approach based on internal workshops. The double materiality analysis was carried out separately for the bank’s own operations and for the value chain, including the financed portfolio. This procedure was intended to ensure that all key impacts, risks, and opportunities were identified. The results were subsequently approved by the bank’s management.

For assessing impacts and risks in its own operations, the bank used a four-point scale and set the materiality threshold at two-thirds of the average score achieved. In the case of the financed portfolio, it applied the international UNEP FI Impact Analysis Tool, which enables financial institutions to screen sectors and companies based on their significance and the volume of funds provided.

ESG as Part of Management and Compensation

Just like some leading European companies, Tatra banka has incorporated sustainability goals into its management remuneration system. In its report, it met the requirements of the ESRS GOV-1 standard and provided a detailed description of the involvement of individual departments in the ESG agenda. This detailed perspective can serve as a valuable guide for other institutions facing a similar task.

Climate Strategy and Goals

As part of its ESG risk management policy, a climate transition plan has also been developed. In it, Tatra Banka has set an ambitious goal – to reduce emissions in its non-retail financed portfolio by 22% by 2030 compared to 2023. This step is crucial, as financed emissions account for 99.7% of the bank’s total carbon footprint.

Consumers, Cybersecurity and Rights Protection

Tatra banka also places great emphasis on the area of consumers and end users. In the section of the report dedicated to the ESRS S4 standard, it provides detailed information on policies, measures, and objectives for individual subtopics. This chapter also includes the issue of cybersecurity, where the focus is primarily on protecting clients’ rights.

We will bring you details about the approach of other companies soon – the full analysis, which already covers the Swiss Coca-Cola holding and the Danish energy company Ørsted that we looked at last time, as well as Slovakia’s Tatra Banka and the Dutch company ASM, is now available on the Ekonews platform.

Get Ready for ESG Reporting

At Frank Bold Advisory, we help you navigate the current requirements of the European CSRD directive as well as the ongoing changes brought by the so-called Omnibus regulation. We guide you through the preparation of an effective ESG report in line with ESRS standards – whether you're just starting out or looking to improve existing processes.

We work with both major market players and smaller companies within supply chains – from initial analysis and selection of key indicators to final reporting.