Investors are Raising the Bar for Responsible Finance Faster than Banks are Stepping Up
August 19, 2020 | Updated at August 19, 2020
Banks of all sizes are becoming more interested in responsible finance, but progress remains slowInvestors’ expectations relating to ESG integration are moving more quickly and gaining tractionWith a rising bar for responsible finance – and many banks clustered near that level – there is a competitive opportunity for banks that can stand out to consumers, investors and regulators by adopting best practices on ESG
Even the most ambitious banks on responsible finance face gaps, leaving plenty of opportunity in the responsible finance landscape. An analysis by Mazars of 30 bank signatories to the Principles for Responsible Banking found that none had demonstrated comprehensive enough sustainability practices to have attained the &lsqu...