Hardly any other topic is currently as dynamic as the field of sustainability. Even in the financial sector. Regulatory requirements and pressure from a vigilant public are forcing financial institutions to critically scrutinise their business practices. Increasingly, corporate reputation and business success depend on what answers can be given to sustainability issues.
Our client, DZ BANK AG, sees sustainability as a central component of its cooperative DNA and is driving the further development of the topic as part of a bank-wide strategy programme with its own implementation package. In a climate position paper and by signing the "Principles for Responsible Banking", the bank has also emphasised its commitment to sustainability to the outside world and pledged to align its business activities with the goals of the Paris Climate Agreement and the UN SDGs.
However, measuring sustainability is often difficult.
Against this backdrop, DZ BANK AG decided to develop its own sustainability classification for the entire loan portfolio with the help of KPMG.
In our client case "Shaping sustainability together", we show how we were able to help achieve this goal.
