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Region:

Latin America

SBN Member:

Asobancos – Associacion de Bancos del Ecuador (Banking Association of Ecuador)

Year of joining:

2016

Framework:

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)

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PILLARS
Indicators for global benchmarking of sustainable finance
ESG INTEGRATION E&S risk management
  • E&S policy

    Questions

    Does the framework ask FIs to formalize an E&S or ESG policy?

    Does the framework encourage FIs to go beyond E&S requirements of local laws and regulations?

    Does the framework ask FIs to set E&S objectives and targets?

    Does the framework ask FIs to publicly disclose their E&S policy and its governance?

    Answer Source Reference
    • (1) - Page 2 - Estrategia 3

    • (1) - Page 2 - Estrategia 2

    • N/A

    • N/A

  • Risk assessment

    Questions

    Does the framework require FIs to carry out appropriate E&S due diligence at transaction level?

    Does the framework require FIs to carry out appropriate E&S due diligence at client level?

    Does the framework encourage FIs to categorize projects/clients according to their level of E&S risk?

    For high-risk transactions, does the framework encourage site visits to be organized?

    In case of negative E&S impacts, does the framework invite FIs to engage with clients to implement mitigation measures?

    Answer Source Reference
    • (1) - Page 2 - Estrategia 3 a) & b)

    • (1) - Page 2 - Estrategia 3 a) & b)

    • (1) - Page 2 - Estrategia 3 b)

    • N/A

    • N/A

  • E&S covenants

    Questions

    Does the framework ask FIs to incorporate E&S covenants and investment conditions into legal agreements with clients?

    Answer Source Reference
    • N/A

  • Project supervision & portfolio review

    Questions

    Does the framework ask FIs to develop processes to manage E&S risks during supervision?

    Does the framework encourage a periodic review of E&S risks at aggregate portfolio level?

    Answer Source Reference
    • N/A

    • N/A

  • Training

    Questions

    Does the framework ask FIs to develop and maintain E&S capacity through regular training?

    Does the framework highlight the training of (i) front office staff, (ii) second lines of defense (risk officers and/or compliance officers), and (iii) E&S experts?

    Answer Source Reference
    • (1) - Page 3 - TERCERO - Divulgacion - a)

    • N/A

  • External communication mechanism

    Questions

    Does the policy require FIs to establish and maintain an inquiry/complaints/grievance mechanism in relation to E&S or ESG practices?

    Answer Source Reference
    • N/A

  • E&S reporting

    Questions

    Does the policy require FIs to report regularly on E&S or ESG performance, including publicly, to investors or to regulators?

    Does the policy make E&S or ESG reporting and disclosure more consistent across financial institutions through principles, guidelines, or templates?

    Answer Source Reference
    • (1) - Page 3 - TERCERO - Divulgacion

    • N/A

Source Reference
(1) - Page 2 - Estrategia 3

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 2 - Estrategia 2

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 2 - Estrategia 3 a) & b)

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 2 - Estrategia 3 a) & b)

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 2 - Estrategia 3 b)

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 3 - TERCERO - Divulgacion - a)

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

Source Reference
(1) - Page 3 - TERCERO - Divulgacion

Ecuador Sustainable Banking Protocol (ASOBANCA, 2016)Download

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