28 November 2022 – UNEP FI is pleased to launch the Consumer Banking / Assessment Module for Version 3 of the Portfolio Impact Analysis Tool for Banks.
In 2022, the Impact Analysis Tools gradually transitioned to a modular format, where the different components of impact analysis are contained within distinct modules. The new modular format allows more flexibility to accommodate for a variety of types of user. Following the release of the Context and Identification Modules in July, and the first Assessment Module for Institutional Banking portfolios in October, the launch of the Assessment Module for Consumer Banking portfolios completes Version 3 of the Portfolio Impact Analysis Tool for Banks;
The Assessment Modules enable users to measure and assess their current practice and impact performance, with a view to determining targets and action plans accordingly. For PRB signatories, this will support efforts to comply with requirements under Principle 2 on Impact Analysis and Target-setting.
The new module is aligned with the UNEP FI Impact Protocol as well as with the PRB Guidance on Financial Health & Inclusion Target Setting 2.0 (UNEP FI, 2022).
Users of the Context and Identification Modules will find helpful data export/import features included in the new module. The module can also be used by practitioners who have not previously used the Context and Identification Modules.
Find out more about the new module here.
About the Portfolio Impact Analysis Tool
In 2017 UNEP FI’s Principles for Positive Impact Finance put forward a new, holistic, approach to impact management by private financial institutions, involving the systematic consideration of both positive and negative impacts across the three pillars of sustainable development (environmental, social, socio-economic).
In 2019, UNEP FI released the Principles for Responsible Banking (PRB), which requires signatory banks to align their core strategy, decision-making, lending and investment with the Sustainable Development Goals, and international agreements such as the Paris Climate Agreement. To achieve this, Principle 2 requires banks to perform an impact analysis of their portfolios, to identify their most significant impact areas and to set impact targets and action plans accordingly, so as to manage their positive and negative impacts.
UNEP FI’s Impact Analysis Tools are the operationalisation of the holistic impact approach and methodology, and are designed to support Signatories implementation process for the Principles for Responsible Banking.
Find out more about the Portfolio Impact Analysis Tool here.