Climate Change Data

Nestor Advisors Ltd, a Morrow Sodali Company

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Responsible Lending/Investing
  • Customer Protection/Experience

Environmental Achievements

  • Reduced carbon emissions (Scope 1 and 2) - specific figures not provided, but progress is mentioned in relation to net-zero pledges and portfolio decarbonization.
  • Increased green financing targets and investments - specific figures not provided.

Social Achievements

  • Improved diversity and inclusion at board, executive, and company-wide levels - specific figures provided in some cases, but not consistently across all banks.
  • Increased customer satisfaction (Net Promoter Score) - specific figures not provided.

Governance Achievements

  • Established climate-related risk frameworks and integrated climate risk into risk appetite frameworks in varying degrees of maturity across banks.
  • Incorporated sustainability metrics and targets into executive remuneration plans for at least the CEO and C-suite in 83% of banks.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050 (pledged by 26 out of 30 banks).
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Difficulty in calculating Scope 3 emissions reductions.
  • Lack of data and difficulties with measurement in integrating sustainability aspects into internal credit scoring processes.
  • Lack of standardization of regulatory or voluntary reporting systems.
Mitigation Strategies
  • Development of climate risk frameworks and integration into risk management processes.
  • Conducting climate stress tests.
  • Engagement with clients in sensitive sectors to encourage decarbonization plans.
  • Use of various reporting frameworks and initiatives to address reporting challenges.

Supply Chain Management

Supplier Audits: Varying practices across banks; some conduct audits, others use sustainability ratings.

Responsible Procurement
  • Supplier codes of conduct (almost universally adopted).

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of green finance products and services.

Reporting Standards

Frameworks Used: TCFD, SASB, GRI, TNFD

Certifications: Null

Third-party Assurance: 23 out of 30 banks sought some form of external assurance.

UN Sustainable Development Goals

  • All 30 banks are signatories to the UN SDGs.

Not disclosed

Sustainable Products & Innovation

  • Green finance products and services

Awards & Recognition

  • Not disclosed