corporate social responsibility from a financial sector perspective csr & sustainable...
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Corporate Social ResponsibilityCorporate Social Responsibility from a Financial Sector Perspectivefrom a Financial Sector Perspective
CSR & Sustainable Competitiveness, Chisinau, October 2009
• …supporting the community is not just morally sound but good for business as well (ACLEDA, Cambodia)
• …information on ways to diminish negative environmental impact is facilitated to our customers (FINDESA, Nicaragua)
• Profit, People, Planet: our Footprint (XAC Bank, Mongolia)
• objectives go beyond profit, to “changing lives” (Reliance, Gambia)
CSR Reporting
Top 250 companies of the Global Fortune 500
CSR and Financial Institutions
A Bank is also an enterprise•Internal CSR (operations)•External CSR (core business, portfolio)
‘the government should take care of it’‘we have other problems in our country’‘our clients are not polluting’‘nobody is asking’
WAKE UP: there are opportunities!!!
Triodos Bank
Integrated sustainability in all its activities
Triodos Bank
Depositors - Lenders interdependence
Depositors understand how the bank is using their moneyBorrowers feel supported
Triodos Bank makes this ‘ visible’
Advice to banks
• See the opportunities
• Value the relationship with and between your customers
Depositor > Bank > Borrower
• Be pro-active, transparent: Report
Advice to SMEs
• Educate and Involve your Bank: you help them see the business case for sustainability
• Remember: banks need credibility back – they need you!