Inclusive Banking, Credit, and Insurance
Description
Community members and local businesses have access to banking and can open bank accounts (for personal and business purposes), particularly those systemically excluded from personal banking. Community members and local businesses have access to relevant financing opportunities (for personal and business needs) on reasonable terms, as well as to credit and/or loan guarantees, particularly those systemically excluded from business and personal financing. Community members and local business can purchase insurance to adequately protect their interests. Informal banking systems are recognised as essential alternative offerings and are supported to benefit those needing to access them.
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Resources
Fiduciary Duty in the 21st Century
This report offers insight into the debate around whether or not fiduciary duty is a legitimate barrier to investors integrating sustainability into their investment processes. It was produced by Principles for Responsible Investing in collaboration with UNEP and the UN Global Compact. The report is based on interviews with over fifty investors, policy makers, lawyers, and regulators.
Green Inclusive Finance: A Framework for Understanding How Financial Services Can Help Low-Income and Vulnerable People Respond to Climate Change
This holistic framework created by the Center for Financial Inclusion (CFI) can help you understand how financial products and services can support vulnerable populations manage and adapt to climate change impacts. It offers banks, microfinance institutions, insurers, payment providers, and other financial service providers four impact pathways: mitigation, resilience, adaptation, and transition. For each pathway, it explains the role inclusive financial services can play and provides examples of the solutions they can offer. This resource intends to develop a shared understanding of inclusive finance’s role in adapting to climate change, and will be most useful to finance and sustainability professionals working in the financial services sector, as well as investors and funders.
Inclusive Banking: Emerging Practices to Advance the Economic Inclusion of Persons with Disabilities
This paper from the International Finance Corporation can help you to understand and present the business case for advancing the economic inclusion of persons with disabilities. It highlights the advantages and opportunities of disability-inclusive banking practices and showcases how leaders within the financial services sector are supporting the inclusion of persons with disabilities across key areas of action.
8 Billion Reasons: Inclusive Finance as a Catalyst for Climate Action
We cannot tackle poverty effectively without also tackling the climate crisis. This paper from CGAP and the World Bank can help you to understand how addressing poverty and climate action are interconnected, and how growing access to practical financial tools can build societal resilience. It explains how inclusive financial services can advance climate justice and uplift those most vulnerable to the effects of climate change and outlines priority areas for collaborative action between stakeholders and the financial services sector.