MESGA consultative council of future generations meets BOV

Bank of Valletta recently welcomed the Malta ESG Alliance (MESGA) Consultative Council of Future Generations, a vibrant delegation of students from government, Church and independent schools to its Head Office in Santa Venera. This council aims to create a platform for students and business leaders to engage in meaningful discussions on ESG (Environmental, Social, and Governance) topics, challenging current practices in areas such as renewable energy, the circular economy, mental health and sustainable development.

As one of the 13 founding members of MESGA, Bank of Valletta is committed to fostering collaboration among Maltese businesses to drive national ESG goals and serve as a catalyst for positive change.

BOV CEO Kenneth Farrugia and COO Ernest Agius hosted the Council at the bank’s Head Office in Santa Venera. The discussions focused on the bank’s role in achieving the UN Sustainable Development Goals (SDGs) and provided an opportunity for the members of the Council to voice their perspectives on creating a sustainable and thriving future.

The Council delved into topics such as the bank’s carbon footprint and its efforts to reduce it, cash and cheque usage, sustainable lending, gender equality and community engagement, among others. They challenged current practices and suggested mitigating solutions in an engaging discussion in an informal manner.

“The ESG landscape is increasingly complex, with businesses like Bank of Valletta facing mounting pressures related to climate risks, regulatory changes and evolving societal expectations,” said Farrugia. “We welcome the innovative solutions and strategies proposed by the MESGA Consultative Council of Future Generations, whose fresh perspectives are invaluable in addressing the pressing concerns of the Maltese business community.”

Bank of Valletta remains dedicated to leading by example in the ESG arena, continuously seeking to integrate sustainable practices into its operations and encouraging other businesses to do the same. The bank looks forward to ongoing collaboration with the MESGA Consultative Council of Future Generations and other stakeholders to build a more sustainable and resilient future for Malta.