Topic of the Challenge:
Develop a Green Score for customers of a corporate banking practice.
Considering the heightened awareness and focus on sustainable development, it is imperative for the financial sector to align its practices with the sustainability initiatives.
Recently, Europe signed a deal on Green Finance, which aims at strongly supporting a transition to a low carbon and sustainable economy. This includes labelling of financial products as green to help investors make better decision.
What if we could incorporate the same concept to the existing process of lending loans and enhance it further?
We propose using information from sustainability reports in the public domain to create a scoring system to evaluate the sustainability initiatives of companies. The green score will help banks better evaluate green initiatives and develop a holistic viewpoint of a corporate entity.
Manasi Achyut Armani
Mentor & Team Member
Sreekanth Lakshminarasimha Murthy