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The challenges you face

The banking sector is facing the challenge of very strong national, European and global pressure for the firm establishment of sustainable finance as a true strategic process. The increasing pressure for sustainable development in the banking sector is now firmly established ESG factors in risk assessments. Upcoming regulators’ roadmaps, public policies and financial frameworks embed new types of risks, such as risk of default resulting from the alteration of the repayment capacity of loans, increased probability of default by borrowers, risk of asset impairment or reputational risk… The strain caused by these external drivers, has been accelerated by the expectations of end-consumers. As funders to the real economy, banks have significant leverage to support changes in their clients’ practices. Sustainable finance is the opportunity for banks to reinforce the imperatives at the heart of sustainable development: less short-term and more long-term projects, more transparency, better governance and ethics, mitigating climate change and supporting the transition to new business models.

The answer we provide

  • Due diligence, risk and impact assessment
  • Definition of strategies and implementation
  • Extra-financial reporting and ESG disclosures (GRI, SASB, PRB, CDP, TCFD, etc.)
  • Stakeholder engagement and active voting
  • Climate change, tax transparency, compliance and ethics, human rights and community programs

The services we offer

Some of the standards we work with

  • Materiality, Double Materiality, Dynamic Materiality
  • UNEP-Finance Initiative Principles for Responsible Banking (UNEP-FI PRB)
  • Global Reporting Initiative Standards (GRI)
  • Integrated Reporting framework (IIRC)
  • TaskForce on Climate-related Financial Disclosure (TCFD)
  • Sustainability Accounting Standards Board (SASB)
  • Carbon Disclosure Project (CDP)
  • EU Commission Action Plan for Sustainable Finance (EU Taxonomy, EU non-financial reporting Directive, EU Regulation on sustainability-related disclosures in the financial sector)

The reasons why they choose us

  • Long-term sustainability expertise: our firm is 100% focused on integrating sustainability into organizations
  • Strategic & operational experience: our team is organized and specialized by industry and markets to meet sectorial challenges
  • Customization: our services are adapted to the organizations’ size, corporate culture and sustainability maturity
  • Cross-standards approach: we work with international standards to meet complementary regulatory and normative requirements, and create bridges
  • Independence: providing our clients with independent advisory

Forethix's mastery of the subjects related to social responsibility as well as their in-depth knowledge of the financial sector were a real added value to our reflections on the subject.

General Secretary
A luxembourgish bank