Voluntary Guidelines published on Environmental Management and Reporting for Financial Institutions

The FORGE Group members include CGNU, Abbey National, Barclays, Lloyds TSB, Prudential plc, Royal Bank of Scotland, and Royal & Sun Alliance. Building on the experience of many financial services organisations, the Guidelines highlight why environmental management and reporting is an important part of corporate governance. They also identify the business activities that create key environmental management and reporting issues and provide guidance for developing management processes that avoid environmental risk, meet governance standards, and realise business opportunities.

The guidance provides a tool-kit from which companies can draw elements that they consider to be most suitable for their business; small companies can tailor it to their particular needs. While it does not claim to represent the last word in what is a rapidly developing area, BBA believes that it constitutes a useful first step.