LENDER SUSTAINABILITY SERVICES
EI Group Inc. is proud to announce our partnership with Environmental Risk Innovation (ERI), a leading consulting firm specializing in environmental risk management for commercial lenders. Together, we are committed to assisting financial institutions in adopting green banking practices to address the evolving landscape of sustainability and climate risk.
The Need for Green Banking
With the potential release of a standardized climate disclosure rule by the Securities and Exchange Commission (SEC), verdict pending in 2024, the financial industry is undergoing a significant shift towards greater transparency and accountability in assessing environmental, social, and governance (ESG) practices. If passed, companies targeted for commercial lending will be required by those publicly traded financial institutions which extend loans, to provide corporate climate impact data on their ESG practices and carbon footprint to better evaluate long-term lending risks. As the demand for financial institutions to take accountability for their carbon footprint intensifies, there is a growing need for institutions to assess the ESG practices of their clients.
Our Partnership with ERI
EI Group Inc. and ERI are joining forces to help financial institutions navigate this new regulatory environment and embrace green banking principles. Through our partnership, we offer comprehensive services to support financial institutions in:
- Assessing ESG Practices: We assist financial institutions in evaluating the ESG practices of their clients to ensure alignment with sustainability goals and regulatory requirements.
- Standardized System Implementation: We help institutions build and implement standardized systems for assessing and reporting on the ESG activities of their clients, enabling them to confidently evaluate lending risks.
- Environmental Risk Management: Our team provides expertise in environmental risk management to help institutions identify and mitigate potential risks associated with climate change and sustainability issues.
|🌟 Why Choose EI Group Inc. and ERI?
|Expertise: Our teams bring together years of experience and expertise in sustainability, environmental risk management, and financial services, ensuring comprehensive and effective solutions for our clients.
|Collaborative Approach: We work closely with financial institutions to understand their unique needs and objectives, providing customized solutions tailored to their specific requirements.
|Regulatory Compliance: With our in-depth knowledge of regulatory requirements and industry best practices, we help institutions navigate the evolving regulatory landscape with confidence.
Take the Next Step Towards Green Banking
Join us in embracing the future of green banking and sustainability in the financial sector. Contact EI Group Inc. and ERI today to learn more about our Lender Sustainability Service and how we can support your institution in navigating the complexities of ESG disclosure and environmental risk management. Together, let’s build a more sustainable and resilient financial future.
I have nothing but good things to say about The EI Group. The responsiveness, professionalism and level of competency of your people is second to none. I have enjoyed having a reliable source for environmental reviews to depend on.
Climate Action in Financial Institutions Initiative: Inspiration for the PCAF Global Accounting and Reporting
Welcome back to our Banks, Borrowers, and Climate Change series! In case you missed our introduction to the series, you can read it here. Our first blog in the series, “Banks, Borrowers and Climate Change: How Disclosure of GHG Emissions Will Impact the Lending Process for Publicly Traded Corporations” is also available. The bottom line: The SEC will require public companies, including banks, to disclose annual carbon emissions from their operations in their annual report.