Through our active membership in industry initiatives relevant to CSR, we are committing ourselves to their statutes and guiding principles, thereby affirming our high standards regarding compliance with ethical principles. The sustainability rating by ISS ESG confirms that our ambitious sustainability goals and our transparency are also having an external impact.
Thinking and acting sustainably have always been integral elements of Oberbank’s value-based strategy. We continue to pursue this path with great commitment, now and in the future. In 2019, we implemented a modern sustainability management system at the bank. The topic of sustainability has been an integral part of Oberbank’s overall banking strategy since 2020.
ISS ESG Rating
The fact that Oberbank is also among the best in the industry in terms of sustainability has been confirmed by an external sustainability rating awarded by rating agency ISS ESG:
In the current ISS ESG rating, Oberbank was awarded Prime Status (as of November 2022).
According to ISS ESG, this places Oberbank AG among the top 10% rated institutions in the Financials/Public & Regional Bank sector (as of 25 November 2022). We were also awarded ISS ESG’s highest transparency level “Transparency Level: very high (80-100%)”.
All information on the sustainability rating methodology employed by ISS ESG can be found at:
The CDP rating is considered the gold standard of environmental transparency for listed companies. In its first rating in 2022, Oberbank AG achieved a good result: a B rating.
CSA von S&P
In 2022, Oberbank received an invitation from S&P Global to participate in the CSA (Corporate Sustainability Assessment) for the first time. We have accepted it and submitted the required information by January 2023.
Memberships in industry initiatives
UN Global Compact
The United Nations Global Compact is the world’s largest initiative on corporate social responsibility (CSR) and sustainable development. Oberbank publicly commits itself to enforcing the ten universal principles related to human rights, labour standards, environmental protection and anti-corruption, as well as to supporting the 17 Sustainable Development Goals. We hereby reaffirm our commitment and support.
The Sustainability Report is also considered a progress report for the UN Global Compact. Businesses have a key role to play in implementing the SDGs. Oberbank is aware of its social responsibility and will actively engage in making a contribution to global challenges. Oberbank’s sustainability aspirations are in line with sustainable development goals. This symbiosis is, among other things, the basis for the implementation of corresponding ethical and ecological standards at Oberbank. The following goals have already been anchored within the company and are subject to active monitoring and the measurement of success and progress:
RespACT – austrian business council for sustainable development
When it comes to implementing the SDGs, respACT serves as an important hub between international sustainability organisations such as the World Business Council of Sustainable Development, CSR Europe and the UN Global Compact, as well as public institutions and companies. Oberbank is committed to respACT’s Articles of Association as well as to the principles of its CSR mission statement “Success and Social Responsibility. A Guide to Future-Proofing Your Business.” A part of our sustainability concept involves active participation in the workshops to develop innovative approaches to solutions and the strategic implementation of the global goals.
ÖGUT – Österreichische Gesellschaft für Umwelt und Technik
The Austrian Society for Environment and Technology (ÖGUT) is an independent non-profit organisation that has been working for a sustainable alignment of the economy and society for more than 30 years. By participating in ÖGUT projects and activities, Oberbank receives additional support in implementing its sustainability
PCAF – Partnership for Carbon Accounting Financials
PCAF (Partnership for Carbon Accounting Financials) is a global initiative with members working together to develop the Global GHG Accounting and Reporting Standard for the financial industry to measure and disclose the greenhouse gas emissions of their loans and investments. In doing so, PCAF participants are taking an important step towards assessing climate-related risks, setting targets in line with the Paris Climate Agreement and developing effective strategies to decarbonise our society.
Charta der Vielfalt
The Diversity Charter is an initiative to promote respect for all members of society - irrespective of gender, age, origin and skin colour, sexual orientation, religion and worldview, or physical or mental disability.
TCFD – Task Force on Climate-related Financial Disclosures
TCFD – Task Force on Climate-related Financial Disclosures develops recommendations for climate-related disclosures in the financial sector to promote transparency and comparable, high-quality reporting across the industry. Contents include information on the core elements of governance, strategy, risk management as well as metrics and targets..
SBTi – Science Based Targets Initiative
SBTi – Science Based Targets Initiative is an international organisation that aims at actively involving companies in climate protection. The initiative is considered the internationally recognised gold standard for science-based corporate climate action targets.
The Austrian Sustainability Reporting Award honors the best sustainability reports of the previous year. In the category “Capital Market Oriented Companies – Banks and Insurance Companies”, Oberbank AG was awarded third place for its Sustainability Report 2021.