At TBC Bank, we believe that achieving and maintaining leadership in corporate social responsibility (CSR) is as vital as being number one in any part of our business, and this remains a core goal. As a LSE premium-listed company, we have pledged to uphold the highest International standards in conduct as an employer and corporate citizen, and we benchmark ourselves against global leaders.
For detailed information about our Corporate Social Responsibility you can read pages 60-65 of the Annual Report.
We believe that one of our main contributions to society is to encourage successful businesses across Georgia. To this end, we have devised a business support programme, which allows us to share the expertise of our people and partners with growing companies. It provides crucial support for developing micro, small and medium-sized enterprises (MSME), which are the backbone of the national economy. The programme includes an educational web portal (www.tbcbusiness.ge) and free training sessions and consultations, as well as networking events, conferences and masterclasses.
In 2016, around 4,500 MSME company representatives attended training sessions conducted by leading professionals on different topics, such as internet marketing, innovation, CVP analysis, budgeting, taxation and agricultural management.
For our borrowers, we also offer more in-depth individual consultations with experts in internet marketing, innovation, finance and taxation. Last year, 60 MSME company representatives attended these consultations free of charge.
In addition, we organise other events, such as annual masterclasses on popular topics and networking for MSME representatives. Around 1,000 people attended various events in 2016.
Last year, we extended the scope of our Business Support Programme, launching the annual Business Awards ceremony. It aims to encourage success and excellence among Georgia’s businesspeople and bring innovative new products and services from around the country to the public’s attention. The event was a resounding success, attracting over 500 companies, while the project reach was estimated at 4.5 million views. The awards were supported through traditional and social media, with more than 300 video reports and articles on the topic.
The details about Business and other Corporate Social Responsibility projects are covered in greater detail on pages 60-65 of the Annual Report.
In 2016, we continued to develop projects aimed at helping talented young people in their professional development. We backed new projects supporting young entrepreneurs and artists. We hosted the Da Vinci scientific festival, which aims to promote science and STEM-related fields among young people by encouraging schoolchildren to pursue their scientific interests. We plan to expand the event in 2017. In addition, we have also financed the renovation of Tbilisi’s famous Mziuri Park and opening of the non-profit Mziuri Cafe, which hosts various literary evenings, exhibitions and presentations for children and students.
The details about Young Talent and other Corporate Social Responsibility projects are covered in greater detail on pages 60-65 of the Annual Report.
We provide full-scale support for rugby in Georgia as part of a long-term partnership with the Georgian Rugby Union to promote the sport. In particular, we support our national team in its quest to succeed internationally and ultimately join the Six Nations. In 2016, we sponsored two major promotional campaigns across Georgia, which included a strong digital component to enable fans to support our players as much as possible.
To increase awareness about rugby and our leading players, we have created a short video about the game in Georgia (with over 600,000 views), its rules and individual bright stars. We also fund the development of the sport in the regions, including youth leagues. The youth rugby competition in Batumi has become a significant annual event with our continuing support. In short, TBC Bank is an ambassador for the sport. We are excited to watch our youth and adult teams emerging as serious competitors internationally.
The details about Rugby and other Corporate Social Responsibility projects are covered in greater detail on pages 60-65 of the Annual Report.
TBC Bank understands that even organizations operating outside the industrial sectors, such as financial institutions, have an impact on the environment, and we take our responsibility to take care of the surrounding environment seriously.
We strive to minimize our environmental footprint from the most senior levels of management to the lowest level of the organization. We understand that this stems from both our own direct activities and indirectly through projects that we choose to finance. Our responsibility includes managing the environmental and social risks associated with our operations to reduce our environmental impact.
The Bank has adopted the Environmental and Social Risk Management Policy to ensure compliance with local environmental legislation and applicable international guidelines. It outlines our liabilities in terms of impact on both the environment and communities. We apply it to our lending practices with customers and to our other banking activities.
We believe that we can foster an efficient management culture by complying with environmental, health and safety, and labor regulations, as well as by engaging in sustainable practices in these fields.
The environmental responsibilities of the Bank are covered in greater details on page 64 of the Annual Report.