Clarien Bank Zeroes In on ESG Journey
Key Takeaways
- Clarien Bank prioritises Environmental, Social, and Governance (ESG) practices for long-term success.
- The bank establishes itself as a leader in Bermuda's ESG journey.
- A collaborative ESG strategy with Furthr focuses on measurable goals and employee engagement.
Clarien Bank, a top Bermudian financial organisation, is committed to ESG principles. Clarien recognises the growing importance of ESG factors and integrates them across its operations to promote positive social and environmental outcomes.
Laying the groundwork for a sustainable future:
- Comprehensive Baseline Analysis: Clarien meticulously measured its greenhouse gas emissions, providing a clear picture for an impactful Net Zero strategy.
- Strong Governance: The bank reviewed its governance structure to ensure alignment with best ESG practices.
- Carbon Offsetting: Through several initiatives, Clarien effectively neutralised a considerable portion of its previous year's emissions.
Partnership with Furthr
Clarien collaborated with Furthr, a top ESG specialist, to develop a complete ESG plan that included the following essential elements:
- Social and Environmental Goals: The strategy defines Clarien's primary objectives in these crucial areas.
- Multi-Departmental Engagement: Inclusive programmes ensure all departments contribute to ESG initiatives.
- Measurable Impact: Clearly defined Key Performance Indicators (KPIs) track progress towards goals.
- Client Communication: Regular engagement keeps clients informed about Clarien's ESG efforts.
Michael DeCouto, Clarien's EVP and Chief Digital and Marketing Officer, says: “At Clarien Bank, our dedication to Environmental, Social, and Governance (ESG) principles is not just about adopting best practices but is a fundamental part of our mission to secure a sustainable future for all our stakeholders.
“We look forward to meeting our ESG commitments effectively going forward, ensuring that sustainability goes hand in hand with superior client service and innovative financial solutions. Our journey towards making a significant positive impact on our community and beyond is driven by a clear strategic vision and a robust plan that aligns with global sustainability goals.”
Henry Bishop, CEO at Furthr, says: ”A strong commitment to environmental and social governance is paramount in today’s world, and it’s inspiring to see Clarien Bank leading the way with meaningful action in Bermuda. Our partnership with Clarien in developing a comprehensive ESG strategy sets a benchmark for corporate responsibility locally. Through a collaborative effort, Clarien aims to achieve sustainable growth and deliver positive environmental impact as part of the Bank’s operations.
“Beyond data and tools, the real secret to successfully delivering an ESG strategy is positive engagement and care at every level of the business. We have certainly seen this across our Clarien partnership, and it’s been personally inspiring for me to see Clarien lead the way on the island. We’re excited for our partnership to set a benchmark for corporate responsibility locally – using business as a force to both protect and improve this wonderful island for generations to come.”
Visit www.clarienbank.com/sustainability to learn more about Clarien's ongoing and future ESG initiatives.
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Source: Clarien Bank
