Banking & Environment Programme

NB and CGD became the only two Portuguese signatories of the UNEP-FI, an initiative solely dedicated to promote sustainability within the financial sector. This will give them greater access to the best practices and trends in sustainability applied to financial services and also allow them to anticipate the challenges posed to the sector.

Under a partnership with Caixa Geral de Depósitos, NB has faced up to the challenge of contributing to sustainable development by incorporating environmental concerns in credit risk analysis across all its financial activities in Portugal.

To this end, on 20 November last it launched the Banking & Environment programme, which aims to collect and systematise relevant and up-to-date information about environmental risks and supply it both to the risk managers of banks and their teams and to the Portuguese companies in general, with the following objectives:

  • to engage the Portuguese banking sector in the anticipation of potential financial risks arising from environmental issues;
  • to disseminate the theme of environmental risks within the entire Portuguese financial system and SMEs;
  • to provide the knowledge and the tools allowing the identification of the main environmental risks;
  • to promote the gradual inclusion of the environmental risks faced by companies in the credit analyses carried out by banks;

The programme’s launching event featured the following interventions:

  • NOVO BANCO – Joaquim Goes, member of the Board of Directors responsible for sustainability;
  • Caixa Geral de Depósitos - Pedro Oliveira Cardoso, member of the Board of Directors responsible for Risk Management;
  • Lily Heineman, Coordinator of UNEP-FI’s European Task Force – “The role of UNEP – FI in promoting Sustainable Development;
  • Sustentare - Sofia Santos – “The management of environmental risks by banks;
  • Simmons & Simmons Rebelo de Andrade - Mário Melo Rocha – “Risk arising from biodiversity and the European Environmental Liability Directive”;
  • Quercus - Susana Fonseca – “Environmental issues and their implications for the Portuguese companies”.

The Banking & Environment Programme addressed the Construction, Real Estate and Tourism, Utilities (Electricity, Water and Telecommunications), Transports, Manufacturing Industry, and Financial sectors, in a series of four workshops organised in 2010 and 2011, which were attended by 115 participants.

Click here for more information about the 4th Banking and Environmental workshop – Natural Resources, Food and Retail – implications for credit analysis.

Click here for more information about the Banking & Environmental Programme.