October 10, 2022 – UNEP FI is pleased to launch the Impact Protocol for Banks with the latest module of Version 3 of the Portfolio Impact Analysis Tool for Banks, integrating a complete toolkit for impact management for banks.
2017 UNEP FI Principles of Positive Impact Finance It proposes a new holistic approach to impact management by private financial institutions that involves systematically considering both positive and negative impacts across the three pillars of sustainable development (environmental, social and socio-economic). increase.
In 2019, UNEP FI will: Principles of Responsible Banking (PRB) requires signatories to align their core strategies, decisions, lending and investments with international agreements such as the Sustainable Development Goals and the Paris Climate Agreement. To achieve this, Principle 2 requires banks to perform a portfolio impact analysis to identify the most significant impact areas and set impact targets and action plans accordingly to manage positive and negative impacts. I am asking you to
The Impact Protocol follows UNEP FI’s holistic impact approach and provides a step-by-step overview of how to analyze and manage the impact of banking portfolios in accordance with the requirements of the Principles for Responsible Banking.
More information on the protocol can be found here.
Portfolio Impact Analysis Tool: New Module
UNEP FI’s impact analysis tool is the operationalization of a holistic impact approach and methodology. As of 2022, the tool is gradually moving to a “modular” format, with the key components of impact analysis contained in separate modules. A new modular format gives you more flexibility to accommodate different types of users.
The Bank Portfolio Tool migration is almost complete. Following the release of the Context and Identification module in July, the first assessment module for institutional banking portfolios has been released. The Assessment module allows users to: Measure and evaluate the performance of current practices and influence to determine targets and action plans accordingly. For PRB signatories, this supports efforts to comply with the requirements under Principle 2 for impact analysis and target setting.
A second assessment module for the Consumer Banking portfolio will be released in November to complete the collection.
Learn more about the tool here.
