Analyse the most significant impacts of your banks’ products and services on society, the environment and the economy. Then identify where your bank can realize the greatest positive impacts and reduce significant negative impacts.
Conducting an in-depth impact analysis is the first step to successfully implementing the Principles for Responsible Banking. Signatory banks need to analyse where they have significant positive and negative impacts on society, the environment and the economy. This helps them gain a deeper understanding of the impacts of their business activities and investment portfolio, allowing them to identify areas of significant impacts. Impact Analysis is:
- Identification of the most significant positive and negative impacts of the bank’s products and services.
- Concerned with impact on the societies, economies and environments where the bank operates.
- Prioritises based on objective, science or evidence-based research and data relating to sustainable development, and targeted stakeholder input.
- Not concerned with internal operational impacts.
Portfolio Impact Analysis Tool
Developed by over 40 Banks, under the leadership of the UNEP FI Positive Impact Initiative, the Portfolio Impact Analysis Tool for Banks is an interactive input-output workflow which requires users to input data to describe their portfolio and to reflect their current impact performance. The tool uses a set of in-built impact mappings to produce a number of outputs, in particular a set of impact profiles by business line. It guides the bank to identify its most significant impact areas and determine priorities, setting the basis for strategy development and target-setting per Step 2 of implementing the Principles. Learn more
Working groups of signatory banks worldwide have contributed to creating the below guidance, working with UNEP FI and other experts in the field.
Joining our working groups is a great opportunity for signatory banks to lead at the cutting-edge of responsible banking through developing practical guidance and pioneering tools with other pioneering banks.
Portfolio Impact Analysis Tool: Signatories have further developed the Portfolio Impact Analysis Tool with a V2 release in April 2021. This working group includes developing the Investment Banking component of the Tool, exploring a new impact analysis tool specific to real estate investment, as well as considering the impact management & disclosure ‘system of standards’ website.
Peer Exchange: This working group provides a platform for banks to share and learn about approaches to impact analysis being used by peer banks. Learn about and engage in the development of the methodology for impact measurement.
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