The CCUA Materiality Benchmarking Project was designed to capture a wide spectrum of ESG concerns pertinent to the credit union sector. Through extensive research, stakeholder engagement, and collaboration, we identified key material ESG topics and best practices, particularly focusing on mid-sized and smaller credit unions. This approach ensures that our findings are both actionable and accessible, enabling credit unions to navigate ESG risks and seize opportunities to support their communities more effectively.
Financial institutions have a vital role in expediting to play in the shift to a green economy. Credit unions, with their strong ties to members and local communities, are uniquely positioned to drive positive change and enhance their reputations as outstanding corporate citizens. Financial cooperatives can make an impact through three main avenues: assessing the environmental footprint of their operations, evaluating their investments and lending practices, and engaging with stakeholders.