WWF, Credit Suisse collaborate on sustainable finance

WWF has released a new guide that explains how banks can adopt sustainable practices and manage their risk exposure from climate change and carbon regulations. The guide will be used by Asian financial institutions to implement green business practices.

Environmental, Social and Governance (ESG) Integration for Banks: A Guide to Starting Implementation shows how financial institutions acting as lenders, financial advisors and capital raising agents can join the trend toward green business without sacrificing their profitability. It provides banks with a toolkit to develop an ESG strategy and an operational framework to integrate ESG issues into their practices.

The guide was created to address a growing need among financial institutions to address environmental concerns. Banks can no longer ignore credit risks brought on by severe weather patterns impacting infrastructure or agricultural production, water scarcity affecting production across sector, or regulations that affect the value of carbon assets or carbon-related infrastructure.

Singapore Exchange (SGX) will be hosting the first in a series of WWF-organised workshops to discuss the key ESG issues facing the banking sector. The workshop will also demonstrate how ESG risk management can be integrated into their own institutions using WWF’s guide as a roadmap.

Ben Ridley, Asia Pacific Head of Sustainability Affairs at Credit Suisse commented: “Credit Suisse is proud to sponsor this guide. It provides Asian banks with the background, knowledge and tools to develop a strategy and action plan to embed consideration of key ESG issues into their core business.”

Photo credit: Singapore – WWF has released a new guide that explains how banks can adopt sustainable practices and manage their risk exposure from climate change and carbon regulations. The guide will be used by Asian financial institutions to implement green business practices.

Environmental, Social and Governance (ESG) Integration for Banks: A Guide to Starting Implementation shows how financial institutions acting as lenders, financial advisors and capital raising agents can join the trend toward green business without sacrificing their profitability, explains a WWF news release. It provides banks with a toolkit to develop an ESG strategy and an operational framework to integrate ESG issues into their practices.

The guide was created to address a growing need among financial institutions to address environmental concerns. Banks can no longer ignore credit risks brought on by severe weather patterns impacting infrastructure or agricultural production, water scarcity affecting production across sector, or regulations that affect the value of carbon assets or carbon-related infrastructure.

Singapore Exchange (SGX) will be hosting the first in a series of WWF-organised workshops to discuss the key ESG issues facing the banking sector. The workshop will also demonstrate how ESG risk management can be integrated into their own institutions using WWF’s guide as a roadmap.

Ben Ridley, Asia Pacific Head of Sustainability Affairs at Credit Suisse commented: “Credit Suisse is proud to sponsor this guide. It provides Asian banks with the background, knowledge and tools to develop a strategy and action plan to embed consideration of key ESG issues into their core business.”

Photo credit: 401kcalculator.org, flickr/Creative Commons

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