Ghana: Fidelity Bank to introduce E&S risk management
Fidelity Bank in Ghana is looking to introduce a solution-based approach to its Environmental and Social risk management, while moving towards green lending products in the future. The expectation is to create a competitive advantage on the Ghanaian credit market, compared to compliance-based E&S risk management.
MACS was mandated to support Fidelity Bank in the identification of E & S risks and respective mitigation measures based on the existing loan portfolio of the bank. On top of this, MACS carried out a market assessment related to green and sustainable technologies available in the country, which will help the Bank to set up green lending products in the future.