5.23 Include Responsible Financial Policies
The organization implements responsible finance strategies, including divesting from fossil fuels and appropriately resourcing digital products and services to account for long-term care and maintenance.
Criteria
- Fuel Divestment: The organization has divested from fossil fuels and moved its banking, sponsorship, and other affiliations to more responsible partners.
- Responsible Finance: The organization engages in flexible financing and responsible budgeting for its digital products and services to accommodate long-term care and maintenance.
Impact
High
Effort
High
Benefits
- Environmental:
Divesting from fossil fuels moves us more quickly to an economy that is powered by renewable energy, which can reduce the catastrophic impacts of climate change. - Economic:
Responsibly financing digital products and services improves their resilience and saves the organization time, money, and resources eventually.
GRI
- materials: High
- energy: High
- water: High
- emissions: High
Example
- A tool that can help you identify a green bank worldwide.
Resources
- A beginner’s guide to fossil fuel divestment
- Case For Fossil Fuel Divestment
- Environmental impact assessment of online advertising
- Fossil fuel divestment
- How Fossil Fuel Divestment Falls Short
- How to Improve Your Digital Resilience
- Resilience for sustainable, inclusive growth
- The Digital Resilience Guide
- Top Tips For A Sustainable Sponsorship
- United Nations [SDGS] Goal 8 (Economics & Work)
- United Nations [SDGS] Goal 10 (Inequality)
- United Nations [SDGS] Goal 13 (Climate Change)
- What Is Fossil Fuel Divestment