Initiatives that have been carried out by the global financial industry in the development green products
• Develop product sustainability and service offerings
• Build sustainable finance
• Identify potential partnerships
Best Practices
Initiative
• Determine climate ambition • Measuring emissions and setting targets per sector in the portfolio
Best Practices
Initiative
• Stress Testing against various climate scenarios
• Integrating climate into the Banking Process (eg Credit Scoring)
Best Practices
Initiative
Design parameters and monitor performance against climate-related targets
Best Practices
Initiative
• Designing the Sustainability-Function in the organization
• Develop enablers such as Climate data and Architecture
Best Practices
|•SOURCE•| Articles :BANKING | Image :FORBES |
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• Identify potential partnerships
Best Practices
HSBC and Walmart launched a sustainable supply chain finance program as part of the Gigaton Walmart project. Suppliers who show progress in terms of sustainability will be eligible to get a special financing program from HSBC
Initiative
• Determine climate ambition • Measuring emissions and setting targets per sector in the portfolio
Best Practices
ING launched the second Terra Progress Report in 2020 which specifically describes progress and targets in climate alignment for 9 main sectors that have an impact on climate change.
Initiative
• Stress Testing against various climate scenarios
• Integrating climate into the Banking Process (eg Credit Scoring)
Best Practices
A bank in Italy carries out climate stress testing modeling for various companies, then analyzes climate readiness according to the direction of the European Central Bank, and makes stress testing in credit risk appetite
Initiative
Design parameters and monitor performance against climate-related targets
Best Practices
Standard Chartered CEO becomes a leader in the Taskforce on Scaling Voluntary Carbon Markets consisting of member banks including BoA, Goldman Sachs and Macquarie
Initiative
• Designing the Sustainability-Function in the organization
• Develop enablers such as Climate data and Architecture
Best Practices
Societe Generale established a centralized ESG Function within the organization, consisting of various teams including wholesale sustainable finance, climate risk, and communications and investor relations
|•SOURCE•| Articles :BANKING | Image :FORBES |
READ MORE
|• NATIONAL •|Vaccination Centers For General Public
|• INTERNATIONAL •|During January 837 Business Places in
|• BANKING •|Inflation Overshadows Poverty Reduction
|• POLITICS •|Palm Oil Still Faces Number Of Problems
|• SCIENCE •|The Story Of Pioneer Of Paper Forest In
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