Eurobank Ergasias Services and Holdings SA

Eurobank's ESG governance model also ensures that the management of relevant climate-related and environmental risks is integrated in the Bank's three lines of defense. [...] The updated governance structure aims to further enhance the effective oversight of ESG matters at management / Board level. [...] A Board Member is responsible for climate-related and environmental risks. [...] Oversight of CR&E risks at management body level through allocation of responsibilities to Board and management committees. [...] Establishment of two Committees that supplement the governance arrangements in the area of ESG / CR&E risks i.e. Environmental, Social & Governance Management Committee and Climate Risk Stress Test Committee. [...] Dedicated teams within CIB and Retail Divisions, for overseeing ESG and sustainable financing activities. [...] ESG Division responsible for the design and monitoring of the Operational Impact Strategy and oversight of the Bank's ESG performance. [...] Group Climate Risk Division responsible for managing and monitoring CR&E risks, PMO office for the implementation of the Climate Related and Environmental risks roadmap, preparation and submission for approval of the Financed Impact Strategy, along with Business and Risk Units. [...] Intensive training on sustainable finance and climate risk to Bank personnel.

Eurobank has deployed a sustainability governance structure that addresses regulatory and voluntary requirements/commitments and is responsible for delivering the Sustainability Strategy. The sustainability governance structure has defined the roles and responsibilities in relation to the delivery of the Sustainability Strategy and climate related and environmental risks. Over the past year, the Bank has taken significant steps to enhance its sustainability governance model, and support the roll out of its Sustainability Strategy and the integration of ΕSG risks which include: - BoD level responsibilities and oversight of the Sustainability Strategy and climate-related/ ESG risks. - Appointment of Committees dedicated to ESG / climate risks. - Establishment of the Group Senior Sustainability Officer (GSSO) who is responsible for leading and coordinating the Group's sustainability initiatives, for both operational and financed impact. - Integration of climate risk management across the three lines of defence. - Establishment of dedicated teams within the corporate and retail divisions responsible for overseeing and delivering sustainable financings. - Automated process established to assess and classify sustainable opportunities. - Intensive training on sustainable finance and climate risk to Bank personnel.

In addition, the Eurobank has assigned an executive member as the BoD Member responsible for climate and environmental risks. As part of his duties, the member responsible updates the Board Risk Committees (BRC), which in accordance with their Terms of Reference are responsible to oversee (among others) the climate change and environmental related risks at least on a semi-annual basis. [...] The established Sustainability Management Committee (Sustainability ManCo), chaired by the BoD member, is responsible for climate-related and environmental risks. The Sustainability ManCo provides strategic direction on Environmental, Social and & Governance (ESG) initiatives, reviews the Sustainability Strategy prior to approval, integrates the elements of the Sustainability Strategy into the Eurobank's business model and operations, approves eligible assets of Green Bond Frameworks, regularly measures and analyses the progress of the ESG goals and performance targets, as well as ensures the proper implementation of ESG related policies and procedures in accordance with supervisory requirements and voluntary commitments.

**Group Sustainability Risk (GCR):**

- Responsible for overseeing, monitoring, and managing sustainability risks.

- Prepares and maintains the Bank's sustainability / climate-related risk management policies, processes and methodologies.

- Leads the development and implementation of the sustainability risks related framework, policies, processes.

- Monitors and reports to the GSSO the progress of the implementation of the developed Climate Risk action plan and reports to the Board for Sustainability risks matters.

- Reviews and challenges the involved stakeholders regarding the setting and implementation of the financed impact strategy, including Net Zero action plan.

- Monitors the Financed Impact Strategy and reports financial targets and KPIs.

- Leads the 2nd LoD independent sustainable lending re-assessment process against the Sustainable Finance criteria including the characterization of products of the Retail Portfolio as sustainable.

- Develops and maintains Climate Risk Stress Testing Framework, as well as Scenario Analysis and Stress Test methodologies and coordinates the performance of sustainability Risk scenario analysis and relevant stress test exercises at a Group level.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes