Maib has taken a bold step forward in its mission to build a greener and more responsible future by equipping its team with the tools and knowledge to integrate sustainability into every aspect of its operations. In this context, more than 200 maib employees have successfully concluded an in-depth Environmental, Social, and Governance (ESG) training series on November 22-23, 2024, as part of its ongoing commitment to sustainability and responsible banking practices. The sessions, facilitated in collaboration with Deloitte Romania, focused on enhancing the bank’s capabilities in integrating green finance principles and aligning with international ESG standards.
Key achievements in maib’s sustainability journey:
- Sustainability strategy: maib adopted a sustainability strategy and roadmap which establishes the Bank’s long-term sustainability plan and sets concrete targets each with a responsible individual;
- Financed emissions: maib’s estimated financed emissions totaled at 927,920 tonnes of CO2e in 2023 (this is the first time the Bank has calculated this);
- Own operations: maib’s estimated carbon footprint from its own operations for 2023 was at 7,685 tonnes of CO2e (the recalculated value for 2022 was at 7,802 tCO2e);
- Green portfolio: maib’s green portfolio reached MDL 580 million at the end of 2023, up from MDL 334 million at the end of 2022, up by 73% year-on-year;
- Access to banking for Ukrainians: following the success of its assistance project in partnership with UNHCR, maib is seeking to continue helping Ukrainian Forcibly Displaced Persons in Moldova.
The program, titled " Sustainable Banking Journey: Implementing ESG standards in the lending process", aimed to empower maib employees with practical knowledge on sustainable financing, environmental and social risk management, and compliance with global standards such as those set by the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).
Key highlights of the training
- Green Loan Labeling: Participants explored the principles and benefits of green credit labeling, gaining insights into its role in driving sustainable financing.
- Environmental and Social Risk Management Systems (ESMS): The sessions emphasized the importance of implementing robust ESMS frameworks to align with EBRD and IFC standards.
- Strategic Implementation: Practical strategies for integrating ESG principles into daily banking operations were discussed, fostering a proactive approach to sustainability.
The agenda also included interactive case studies and discussions, showcasing best practices from both international and local markets, and offering participants hands-on experience in navigating the complexities of ESG integration.
This ESG training marks a significant step in maib’s sustainability journey, reinforcing its dedication to aligning with global best practices and driving positive environmental and social impact in Moldova and beyond.
About maib
Maib is the largest bank in Moldova, with a share of 35.8% of deposits and 37.6% of loans of the entire banking system at the end of 3Q 2024. Maib is a disciplined lender with NPL ratio of 1.8% and is well capitalised with CAR of 20.8% as of 30 September 2024. The Bank is of systemic importance to the country, it serves almost a third of the population and is one of the largest private employers in Moldova, with a workforce of over 2,400 people. Since 2018, maib's largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading asset management group in the Baltic States, and Horizon Capital, a private investment fund focused on emerging markets.
