By 2030, we will grant over 50% of our loans, mortgages and insurance policies in line with sustainability criteria.
Develop sustainability criteria and integrate them into your guidelines and processes for loans, mortgages or underwriting. As a first step, measure your current position and identify your greatest risks. Also check the application and regular updating of exclusion criteria (e.g. in relation to threats to humans and the environment, acceleration of global warming or decline in biodiversity). You can also develop new offerings such as a 'Sustainability-Linked Loan', where the company benefits from lower financing costs if it achieves jointly agreed sustainability targets. Talk to your customers about the sustainability criteria that apply to you.
Identify the areas of impact you would like to focus on with the financial product, such as promoting gender equality or biodiversity. Develop the product yourself or source it from a partner organisation.
Train your staff and ensure that sustainability is systematically discussed in customer meetings. Build partnerships and take part in sustainability initiatives.
Where reliably available, collect data on the sustainability of financing products. Show transparently what the data collection method, scope and uncertainties are. Make these available to specific target groups to prevent greenwashing. Ideally, align your internal incentive systems with your objectives. Ensure that your advisers and clients understand the data and can use it to further improve impact. You can also make the sustainability criteria the default option for your customers.
Sustainable loans and financing meet customer needs and can expand the customer base. Sustainable financing enables financial service providers to build long-term customer relationships, minimise risks and strengthen their reputation.
