Client: A very large retail bank in Asia

Situation: The financial sector is under increasing pressure from investors and customers alike to proactively address climate change in their products, services and lending portfolio.

Aim: The bank recognized the competitive imperative of developing a comprehensive and effective climate change strategy to differentiate themselves in the market, and take a leadership position as well assess and mitigate risks.

Solution: EVI developed a two-tiered framework to simultaneously address enterprise-wide strategic issues and more tactical assessments and initiatives to support the strategic vision.

Benefits: EVI’s framework benefited the bank by developing board oversight for the strategic vision for climate change and sustainability, incorporating sustainability issues into the corporate governance and reporting structure, addressing gaps in financial planning and risk management frameworks, branding, new products and services, and stakeholder engagement.

In assessing the carbon footprint of the bank’s operations, EVI created an overall energy strategy that identified and prioritized opportunities for cost reductions from energy efficiency improvements, behavioral management, greenhouse gas management and green power procurement.

Projected savings of 15 – 30% in peak energy tariffs.

EVI continues to advise the client in the implementation stage to ensure they achieve the goal of becoming a climate leader in the financial sector.