Costa Rica Banks seek to promote environmental practices among its customers.

The ABC (Costa Rican Banking Association) developed the “FINANCIAL PROTOCOL ENVIRONMENTAL COMMITMENTS” document and it was given to 15 banks that signed the endorsement to design their own financial policies in favor of the environment.

The agreement consists of six principles adopted voluntarily by banks in Costa Rica, where entities have a responsibility to make a financial intervention and a social responsibility. In that there is environmental risk assessment of any project, for which design, implement and manage a credit is requested.

Among the points of agreement exists reducing the ecological footprint, streamlining operating procedures and efficient use of natural resources. In addition to outreach and awareness in environmental material. Also, to promote these initiatives between the banking sector and the government by reduction, reuse, recycling and proper waste management, and training bank officers to implement this protocol.

The initiative also seeks to support the banking commitments in the field of Corporate Social Responsibility, encouraging clients to adopt appropriate policies in the field of sustainability.

Banks will be responsible for assessing the impact of their own commitments, through the representatives of the ABC Sustainability Committee, composed of one member from each bank affiliated to the association. The agency will monitor the effective implementation and assess the real impact of the proposal.

Also each bank agrees to develop policies and procedures that seek to reduce the environmental risk on the projects they finance. This improves the ability to return the credits for any activity or project.

Now is that customers right from the beginning stage, take into account that if they want to get a bank loan, they should present a good environmental impact study.

This document consists of six principles, and is protected for 15 financial institutions.

Costa Developers