Technical assistance to the Advans Group in developing climate strategies for its subsidiaries through climate risk analysis of the portfolio, followed by client awareness plans and development plans of a “climate” financial products range
As part of its overall Social and Environmental Responsibility strategy, the Advans Group committed to designing and adopting a comprehensive climate strategy, with a strong focus on strengthening its clients’ resilience to climate change. The main objective of the technical assistance programme was to improve awareness and understanding of climate-related risks and challenges across the Group, its subsidiaries and its clients, through an analysis of portfolio clients’ exposure and vulnerability, in order to better align communication, product offerings and risk measurement.
A participatory bottom-up approach was adopted to ensure that the strategies were adapted to the local contexts of the subsidiaries.
The services provided by HORUS included the following activities:
- Designing a tool and methodology to assess climate risks in the credit portfolio;
- Assessing climate risks in the portfolios of three pilot subsidiaries: Advans Ghana, Advans Côte d’Ivoire and Advans Tunisie;
- Designing and rolling out a communication strategy and a pilot training strategy to promote climate change awareness among priority target segments;
- Developing a plan to expand a range of new “climate” financial products.