By Cressida Galea, Head – Regulatory Affairs and Sustainability at MeDirect Bank.
At MeDirect Bank, we recognise that responsible business practices are fundamental to long-term success. Our commitment to Environmental, Social, and Governance (“ESG”) is not just about compliance, but about driving meaningful change in how we operate, interact with our communities, and protect the environment. We are actively integrating ESG principles into our core strategies, from sustainable finance to promoting diversity, equity and inclusion. By doing so, we aim to contribute positively to society while enhancing stakeholder trust and long-term value creation.
MeDirect has developed a comprehensive ESG Strategy focused on sustainability across multiple dimensions. This Strategy includes fostering a values-based organisation, enhancing diversity and inclusion, supporting low-carbon initiatives, and participating in social community projects aimed at promoting well-being and future prosperity. This year our efforts were recognised with the award of the prestigious EcoVadis Platinum Medal, placing us in the top 1% of all EcoVadis-rated companies globally for ESG performance. This accomplishment highlights the bank’s efforts to promote sustainability, ethical governance, and social responsibility.
MeDirect’s commitment to sustainability is rooted in a comprehensive ESG strategy, with a dedicated sustainability team responsible for overseeing its implementation. The bank has also pledged to align its operations with the practices and standards of the Malta ESG Alliance (“MESGA”). This involves adhering to the Framework set by MESGA and continuously collaborating with the Alliance to ensure progress. Moreover, MeDirect has recently joined the Sustainability Finance Forum organised by the Foundation for Affordable Housing.
A key element of MeDirect’s ESG Strategy is the measurement of our carbon footprint. Following this, the bank has now embarked on an initiative to become carbon neutral within the next few years. This involves reducing our own emissions and minimising exposure to carbon-intensive sectors.
MeDirect has implemented a number of policies that reflects the bank’s holistic approach to sustainability, integrating ESG principles not just into its operations, but also into its relationships with suppliers, business partners, and corporate clients.
Upholding human rights and promoting equality within the workforce and broader community is another area of focus for MeDirect. Our aim is to foster a culture that respects internationally recognised human rights.
MeDirect has made significant strides in promoting equality and inclusivity. In 2021, the bank was awarded the Equality Mark by Malta’s National Commission for the Promotion of Equality (NCPE), a certification that it has now extended for an additional three-year period. In addition to its equality policies, MeDirect places a strong emphasis on accessibility, ensuring the bank’s facilities are fully accessible to people with disabilities. These efforts align with the bank’s broader ESG strategy, which includes an initiative to provide transparent, accessible banking solutions to all segments of society.
MeDirect’s efforts in ESG are about contributing to real change in Malta’s financial services industry. The bank’s proactive approach demonstrates a clear focus on long-term sustainability. With a robust ESG strategy in place, backed by comprehensive policies and a dedicated team, MeDirect remains dedicated to advancing its efforts in supporting a more sustainable and equitable future, setting a positive example for financial institutions in Malta.
MeDirect Bank (Malta) plc, company registration number C34125, is regulated by the Malta Financial Services Authority and is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370).
MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.
