Monash SIP Impact Report 2021 | Page 10

6 . SOCIAL IMPACT PROJECT CASE STUDIES : - A SUMMARY

Over the semester , students have proposed solutions to problem statements presented by each company . The best solutions for each host company have been summarised in this section . To view the full case studies and theoretical frameworks used , please contact us as per contact information at the end of this report .
ALLIANCE BANK
How might Alliance Bank become widely known to be a sustainability leader ? Current sustainability practices are mainly ‘ CSR ’ type activities or random goodwill activities which are rolled into the banner and re-packaged as being sustainable .
For Alliance Bank to consider solutions aligned with ESG pillars , including but not limited to scaling up Alliance Bank ’ s green lending businesses and launching a green portfolio that integrates diversified companies with various environmental projects . Key highlights are outlined below .
Environmental : To improvise on its current lending policies , conduct strict loan screening and stand firm on its position by implementing a strict ban on lending to businesses that could possibly harm the environment .
Social : To improve social relationships a company has with its stakeholders , including workforce diversity , employee engagement and wellness and has talent development programmes and strengthen its workforce composition by reinforcing communication and promoting collaborative company culture .
Governance : To improve governance in the ESG refers to the decision making governance factor based on a company ’ s standards , information disclosure , compliance , auditing and distribution of rights and obligations among various stakeholders in the organisations , such as the board of directors , senior management , shareholders and stakeholders .
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