ASSESS SUSTAINABLE PRIVATE BANKING & WEALTH MANAGEMENT
SPRING (The Sustainable Private Banking and Wealth Management (SPRING) is an assessment tool to help private banks improve portfolio resilience and alignment with a low carbon and sustainable future through the application of science-based approaches to responsible investing.
Identify key improvement areas to stay competitive, resilient and relevant in a resource-constrained, low-carbon nature-positive future.
ENVIRONMENTAL & SOCIAL THREATS
The world faces the twin threats of climate change and nature degradation. Each causes and exacerbates the other in a vicious cycle. These planetary emergencies manifest as environmental and social (E&S) threats that create material risks to both society and the economy.
It’s time to take decisive action against climate change and safeguard our planet for future generations. The IPCC’s 6th Assessment Report and the Global Biodiversity Framework, have emphasised the urgent need for rapid and far-reaching transitions in multiple sectors, including energy, land use, and urban infrastructure. Financial institutions, including private banks, have a crucial role to play in driving these transitions and promoting sustainable investing and financing practices.
By aligning their business strategies with global sustainability goals such as those stated in the Paris Agreement and the Global Biodiversity Framework, private banks can contribute to building a resilient and sustainable future.