Our investment decisions are underpinned by robust principles and policies designed to ensure that each investment’s green impact is assessed, monitored and reported to the highest standard.
We are committed to ensuring that our approach is at the forefront of market practice. We want to help catalyse a sector wide improvement in these areas. However, this is a relatively new area of banking. As such, we have adopted an approach based on ‘learning through doing’ and underpinned by a commitment to continuous improvement.
What we mean by green impact
Our definition of ‘green impact’ relates to five specific measures. We call them our ‘Green Purposes’:
Every investment we make must contribute to at least one of these measures, and often contribute to more than one.
How we assess, monitor and report green impact
Every investment considered by us must pass through a robust green impact assessment process before it can be approved. Every approved investment is subject to robust, detailed and continuous green impact monitoring, spanning all aspects of its green performance.
Our commitment to continuous improvement
Green impact assessment, monitoring and reporting is a relatively young discipline within banking. We are committed to ensuring our approach is at the forefront of market practice. That means the adoption of existing relevant international good practice and active engagement on our own approach with a wide range of stakeholders.
We have adopted the Equator Principles, a framework for identifying and managing the impacts on the environment within the project finance industry. Similarly we have signed the United Nations Principles for Responsible Investment, which provide a framework for embedding environmental, social and governance concerns into investment decision making.