Stakeholder identification and consultation

Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.

Resurs interacts with a wide range of stakeholders daily through various channels and approaches. The bank conducts a materiality analysis every two years to stay current across multiple areas. The most recent assessment, completed in 2022, enables Resurs to identify the sustainability issues most relevant to stakeholders and understand their expectations. It also provides insights into how Resurs’ operations affect the economy, society, individuals, and the environment. As part of the ongoing CSRD initiatives, updates are being implemented to incorporate the critical concept of double materiality, with the goal of further enhancing Resurs’ strategy for sustainable business.

How does Resurs promote a culture of responsible banking among its employees?

In its 2024 PRB Reporting and Self-Assessment Template Resurs reports that it took the following actions to promote a culture of responsible banking among its employees:

The basis for guiding the bank towards responsible and sustainable operations is built upon a set of policies and guidelines. An effective internal system supports this framework through Resurs Academy, Resurs’ digital platform offering all online training modules, where all employees are mandated to complete essential training in various key areas aligned with these policies and guidelines. Furthermore, Resurs shares knowledge, best practices, and inspiration through several internal forums, including Leadership Training Camps, Sustainability Weeks, and other events.

 

UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet

With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.

FBRH Principles for Responsible Banking (PRB) Assurance:

First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience

• • • FBRH is a GRI Certified Training Partner (Global), ISEP Training Centre and a member of CPD.
    • FBRH builds trust. Over 200 reviews from top professionals from around the world demonstrate our ability to build strong, trusting business relationships.
    • FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.

The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.

 

References:

This case study is based on published information by Resurs, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.resursholding.com/en/wp-content/uploads/sites/2/2024/05/principles-for-responsible-banking-2024.pdf

Note to Resurs: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

Stakeholder identification and consultation

Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.

Resurs engages with a variety of stakeholders daily through multiple channels. Resurs conducts a materiality analysis, which is reviewed and updated every two years to ensure relevance across several areas. The most recent assessment was carried out in 2022 and helps Resurs identify the sustainability issues most important to stakeholders, as well as their expectations for the company. Additionally, the assessment offers insights into how Resurs’ operations impact the economy, society, people, and the environment. As part of its ongoing work related to the CSRD, Resurs is currently updating its processes to incorporate the principles of double materiality, aiming to enhance its strategy for sustainable business practices.

How did Resurs identify and work on strategic business opportunities to increase positive and reduce negative impacts?

In its 2024 PRB Reporting and Self-Assessment Template Resurs reports that it identified and worked on strategic business opportunities to increase positive and reduce negative impacts as follows:

Responsible and sustainable credit lending forms the foundation of Resurs’ business, providing financial services that are sustainable both now and in the future—for individuals, Resurs, and society as a whole. Resurs aims to inspire customers to make sustainable choices and to promote a positive, sustainable lifestyle. This goal is supported through the development of products that expand opportunities in areas such as energy investments and green loans. Resurs continuously works to integrate sustainability considerations into its credit lending practices and regularly updates its overall strategy to reinforce its commitment to sustainability.

 

UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet

With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.

FBRH Principles for Responsible Banking (PRB) Assurance:

First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience

• • • FBRH is a GRI Certified Training Partner (Global), ISEP Training Centre and a member of CPD.
    • FBRH builds trust. Over 200 reviews from top professionals from around the world demonstrate our ability to build strong, trusting business relationships.
    • FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.

The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.

 

References:

This case study is based on published information by Resurs, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.resursholding.com/en/wp-content/uploads/sites/2/2024/05/principles-for-responsible-banking-2024.pdf

Note to Resurs: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

Stakeholder identification and consultation

Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.

Resurs engages with various stakeholders daily and through multiple channels. A materiality analysis is conducted and updated biennially to remain current in several areas. The most recent assessment, conducted in 2022, helps Resurs identify the sustainability topics most important to stakeholders and their expectations for the company. Additionally, the assessment provides insight into the impact of Resurs’s operations on the economy, society, people, and the environment. With the ongoing work within the CSRD, updates are being made to meet the significant requirements of double materiality, aiming to further enhance the sustainable business strategy.

How did Resurs work with its clients and customers to encourage sustainable practices and enable sustainable economic activities?

In its 2023 PRB Reporting and Self-Assessment Template Resurs reports that it works with its clients and customers to encourage sustainable practices and enable sustainable economic activities as follows:

Resurs implements various policies, guidelines, and instructions for the bank, management, employees, and customers to optimize company operations. Key policies and guidelines include the Code of Conduct, Sustainability Policy, Environmental Policy, and Supplier Code of Conduct. Additionally, Resurs has established Responsible Marketing guidelines to positively influence this area both internally and externally. Resurs is also developing guidelines for Retail Finance Partners, categorized as “Green, Yellow, and Red” areas, to facilitate proactive work and risk minimization. Customers and clients are included in the materiality analysis, which is crucial for understanding the needs and focus areas of each stakeholder.

 

UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet

With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.

FBRH Principles for Responsible Banking (PRB) Assurance:

First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience

• • • FBRH is a GRI Certified Training Partner (Global), ISEP Training Centre and a member of CPD.
    • FBRH builds trust. Over 200 reviews from top professionals from around the world demonstrate our ability to build strong, trusting business relationships.
    • FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.

The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.

 

References:

This case study is based on published information by Resurs, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.resursholding.com/en/wp-content/uploads/sites/2/2024/05/principles-for-responsible-banking-2023.pdf

Note to Resurs: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.