strategy
Integrating environment performance indicators with financial information
Context:
Service industries are becoming more engaged in environmental issues. A recent survey of financial institutions worldwide indicates that the sector now has a high awareness of environmental issues. Respondents to the survey believed that environmental issues will become increasingly integrated with core business activities over the next decade, and that financial institutions will be more likely to look for transactional opportunities with environmentally-related businesses (UNEP 1995). Banks and other lending institutions are now considering 'environmental risks' alongside more traditional banking risks, and many lenders now operate screening practices as part of their asset management (OECD 1998 and 1997). Broader:
Using performance indicatorsDeveloping sustainable bankingResearching environmental indicatorsIntegrating sustainable development informationIntegrating financial and environmental performance in industry Narrower:
Assessing financing to reduce health risks from environmental pollution and hazardsAssessing costs and financing to ensure integrated and adequate provision of environmental infrastructure Facilitates:
FinancingMeasuring sustainabilityDeepening symbols of the economyCollecting sustainable development data for national planningDeveloping financial sector strategies for environmental protectionUsing sustainable development indicators in satellite accounts and national accounts Problems:
Inadequate environmental indicatorsOrganizations:
United Nations Conference on Trade and Development Subjects:
Information → Information Commerce → Finance
Environment → Environment
Type Classification:
F: Exceptional strategies Related UN Sustainable Development Goals:
