In order to ensure effective implementation in line with the roadmap, and enable the Bank to address issues that may arise in future, the Bank’s existing ESG governance system has been reviewed and revised where needed. The core elements of the future ESG governance system at Berlin Hyp are
- The decentralised assignment of basic responsibilities for integrating ESG issues and criteria into the various divisions and departments.
- The establishment of two overarching but separate cross-divisional and cross-departmental functions that will operate as corporate functions and coordinating bodies. These functions will promote the ESG agenda and ensure that all ESG-related measures at the Bank are made transparent, and that they are linked and aligned with one another whenever this might be necessary.
The ESG governance system makes use of existing governance structures and areas of responsibility. Berlin Hyp’s ESG governance targets are based on three fundamental principles: