CSR Guidelines for the Financial Sector - page 49

35
Financial Sector
The financial sector is in a unique position to influence its customers to act in an environmentally responsibleway.
This can be done through policies and procedures in place that create incentives for clients/customers to bemore
environmentally friendly.
Also, the
equator principles
do provide guidelines on how to integrate environmental impact in investment
decisions. These global guidelines however, only take legal effect for loans for projects with a capital cost of $ 50
million ormore. Nevertheless, these guidelines can be tailored to suit othermarket segments such as SME’s or
industrial businesses to encourage a broader environmental responsibility culture.
Marketplace
As with all sectors, the financial sector has a responsibility to itsmarketplace - themarket withinwhich it operates.
Every financial institution has suppliers of some sort, has products and services that impact consumers and
communicates to themarket about its business etc. All of these activities can be considered through a responsibility
lens andmaking organizations accountable to themarkets inwhich they operate.
It is highly recommended to considermarketplace activity in identifying strategic CSR opportunities; here are some
general tips and practices to integrateCSR into an organizations relationshipwith its surroundingmarketplace.
Environmental
Committment
•Communicate
environmental
practices to
customers, staff,
investors and
suppliers
•Have a clear
environmental policy
with responsibility at
board level
•Calculate your
carbon footprint and
take steps to reduce
it
Internal
Environmental
Impacts
• Save paper costs
by buying recycled
paper and reusing
discarded paper for
notes
• Provide glasses
andmugs rather
than disposable
cups
•Give preference to
products with
minimal packaging
•Use
environmentally
friendly products
• Lengthen life of
toner cartridges by
adjusting printer
settings and recycle
toner cartridges
Recycling
•Use recycled
products were
possible e.g. files,
paper towels, refilled
ink-jet cartridges etc.
• Limit use of
disposable goods
eg: pens, in favour
of reusable ones
• Recycle old
computer equipment
by giving it to local
charities or
community groups
Energy
Usage
•Minimise energy
costs by ensuring
that all equipment
and lights are turned
off when not in use
• Install awater
saving device
• Ensure all light
bulbs are energy
efficient
• Reduce energy
bills by turning down
the heatingwhen
not needed and
before opening a
window
• Putting up signage
reminding staff to
save energy and
reducewaste
• Insulate premises
to reduce cooling
and heating
requirements
External
Environmental
Impacts
• Save time,
inconvenience and
pollution by using
conference calls
rather than travelling
tomeetings where
possible
• Promote
alternative
transportation for
staff and provide
incentives eg:
carpools
•At Christmas,
make a donation to
charity rather than
sending cards
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