Financial Institutions

The financial services sector plays a significant role in driving a nation's economy. In Canada, the finance and insurance sector is one of the five biggest industries by contribution to the country’s Gross Domestic Product.

Recently public concern has intensified in all facets of ESG, and various stakeholders are demanding that the financial services sector act on addressing ESG concerns and provide transparency on their approach. There is increased interest by regulators, investors, standard-setting bodies and rating agencies, the United Nations and the European Commission on ESG initiatives. Societal issues, climate-related risks and the need for transitioning to a net-zero economy are key discussion topics among leaders in the financial sector. 

Public statements made by leading investors like Blackrock regarding shifting focus on sustainability and ESG have further heightened interest and action by companies. As an example, during COP26 450 financial firms across 45 countries with total assets of US$130 trillion made pledges to reduce the CO2 emissions of their loan and investment portfolios to net-zero by 2050. Investors are now integrating all aspects of ESG in their investment criteria and asking for ESG strategy and reporting.

The pandemic brought the “S” in the ESG to the forefront, with concerns around racial injustice, financial inclusion and instability, and protecting the workforce and their communities. These pressing issues are now becoming part of the strategic priorities for financial institutions.

In order to address the growing environmental and societal challenges, EcoSolver works with the financial services sector offering a range of services to address risks and identify opportunities in the market.

We work with a wide range of financial institutions including banks, asset managers, lenders, finance companies, real estate brokers, and insurance companies to provide advisory service on ESG strategy and implementation, identifying value creation opportunities and risk exposures

EcoSolver’s expertise in conducting stakeholder analysis and materiality assessments can help you identify and engage with the key stakeholders to ensure the organization’s ESG initiatives and reporting focus on the right issues and resources are allocated to make the most positive impact

Our team of experts will help in estimating your direct emissions and in reducing your financed emissions

We benchmark, analyze competitive landscape and trends in the market

EcoSolver will work with you in building effective KPIs and help in developing a sustainability report using necessary frameworks such as GRI, SASB and TCFD for disclosure

Let’s have a conversation about your priorities and devise a solution that works for you.

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