| Website | https://www.op.fi/op-financial-group |
| Headquarters |
Teollisuuskatu 1b 00510
00510 Helsinki
Finland
|
| CEO/chair |
Timo Ritakallio President and Group CEO |
| Supervisor | |
| Ownership |
The Group consists of independent member cooperative banks which are owned by their customers. |
OP Financial Group, founded in 1891, is one of the largest financial institutions in Finland. It consists of 108 cooperative banks and their central organisation. It has over 2.1 million customer-owners. The group offers retail and commercial banking services as well as insurance services. In 2014 the group acquired the remainder of the shares of Pohjola Bank, which it consolidated under the OP brand. OP’s headquarters are located in Vallila, Helsinki. OP Financial Group became an Equator Principles signatory in December 2016.
OP Financial Group's most important sustainability commitments can be found at the website sections listed below.
OP Financial Group is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of OP Financial Group's link to these deals.
OP Financial Group does not operate a compaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
OP Financial Group is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates OP Financial Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of OP Financial Group's fossil fuel policy below.
