Bankers Environmental Credit Risk Workshop highlights need for EIA and CSR

Workshop on Environmental Credit Risk (4 May 2006, Copenhagen, Denmark, hosted by the Danish Bankers Association)The workshop included presentations by Chris Bray, UNEP FI Steering Committee Member and Head of Environmental Risk Management at Barclays, as well as representatives of Nordea AB, Danske Bank and Folksam, with case studies provided for different types of environmental risks.

Examples of risk management tools such as land use investigation and environmental impact assessment were also shared.

A key conclusion of the workshop was that sustainability and Corporate Social Responsibility (CSR) issues are now permanent strategic factors. As such participants noted, among other things, that there has been an increase in corporations focusing on CSR due to rising pressure to report publicly on progress in this field.

It was also observed that the UN Millennium Development Goals for financial institutions have triggered an increase in shareholder activism. Further information and materials will be available shortly on the UNEP FI website.


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