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Open communication with external stakeholders, especially engaging with the wider community that may be affected by or concerned with the projects and activities that are financed by a financial institution, can enhance a financial institution’s reputation, build its brand, and improve its image in the community. Financial institutions can develop public reports according to different sustainability reporting guidelines:

  • GRI Sustainability Reporting Guidelines. The Global Reporting Initiative (GRI) disseminates globally applicable Sustainability Reporting Guidelines for voluntary use by organizations in reporting on the economic, environmental, and social dimensions of their activities, products and services.
  • EPI-Finance 2000. EPI-Finance 2000 Project developed a set of environmental performance indicators for the financial industry to better communicate and benchmark its environmental performance using a common set of management and operational performance indicators that are relevant for the sector.
  • SPI-Finance 2002. The SPI-Finance 2002 Project developed sector-specific social performance indicators for the financial industry, to be used for reporting on the social aspects of sustainability and Corporate Social Responsibility (CSR).

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