Metrics and targets

Metrics in relation to material sustainability matters (MDR-M) and tracking effectiveness of policies and actions through targets (MDR-T)

To assess and monitor the effectiveness of sustainability measures and to ensure the sustainability of its business model, VP Bank has defined various metrics and targets. These metrics and targets were developed in consultation with the relevant internal stakeholder groups and are summarised in the table below. The findings from the double materiality analysis serve as a basis. The metrics are calculated internally. The targets relating to climate aspects are not currently based on scientific findings and are not externally validated.

In terms of business conduct, VP Bank has made reference to the statutory due diligence obligations, the principles of the UN Global Compact and the OECD Guidelines for Multinational Enterprises. As this is the first report in accordance with CSRD requirements, there are no changes to the targets and the corresponding metrics or the underlying measurement methods, key assumptions, restrictions, sources and data collection procedures. Progress compared to the reference year (2024) will be assessed for the first time in the Sustainability Statement 2025.

This ESG scorecard serves to translate the sustainability strategy and targets into clearly understandable and measurable performance indicators. Based on this, specific measures are derived to ensure the achievement of targets and progress. The Sustainability Board ensures that those responsible are aware of the targets, that the measures are coordinated and that changing IROs are taken into account appropriately. The ESG scorecard is integrated into VP Bank’s internal quarterly risk report, which is submitted each quarter to Group Executive Management and the Risk Committee of the Board of Directors for their information. This ensures continuous monitoring by the highest administrative, management and supervisory bodies.

In addition to the overarching targets of this ESG scorecard, detailed key figures and targets can be found in chapter E1-4, while measures to reduce financed emissions are outlined in chapter E1-3.