Indicates whether the organization offers responsible financial products and services. See usage guidance for further information.
Responsible Financial Products/Services Offered (PI1209)
- Reporting Format Yes/No
- Metric Type Metric
- Metric Level Product/Service
- IRIS Metric Citation IRIS, 2022. Responsible Financial Products/Services Offered (PI1209). v5.3.
Footnote
Organizations should footnote details regarding the policies in place that make the offered financial products and services responsible. Organizations may refer to footnotes under other reported metrics.
Usage Guidance
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This metric is intended to capture whether the organization offers responsible financial products and services, as defined by their implementation of the following: Client Protection Policy (OI4753), Repayment Capacity Analysis (PI4733), and Non-Financial Support Offered (PD9681). While organizations should consider a broader scope of concerns around responsible financial services, organizations implementing these three policies and procedures are often presumed to be "responsible" as a working definition for the purpose of comparative analysis.
Impact Categories & Themes
SDG Goals & Targets
No Poverty
- SDG Target 1.4
Zero Hunger
Good Health and Well-being
Quality Education
Gender Equality
- SDG Target 5.a
Decent Work and Economic Growth
- SDG Target 8.3
- SDG Target 8.10
Reduced Inequality
Metric History
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June 2022 - IRIS v5.3 Released (current version)
New metric. Responsible Financial Products/Services Offered (PI1209)) was developed via the IRIS+ Financial Services Benchmark Working Group.