Insights

Excecutives state climate change is a “significant risk factor”

SRI Investments

In total, EMEA already invested USD14 trillion in SRI assets. Within the banking industry, companies like Atmos and Aspiration let you manage your everyday finances in an environmentally-friendly way. By refusing to invest in the worst corporations doing the most harm to the planet and other people, investors are helping to drive a change.

Enhanced reporting needs to be a priority (over changing strategy, practices)

Customer behavior

90% of citizens say it’s important for businesses to sign up to the SDGs, while 71% of businesses say they are already planning how they will respond to the SDGs. 75% of people in Europe prefer sustainably managed companies as customers and as employees.

Banks executives are “extremely concerned” about climate change

ESG meets SMEs

SMEs are increasingly providing information regarding environment, social and governance at the request of investors, ESG ratings providers, credit rating agencies, and other motivated stakeholders (e.g. climate or human rights NGOs).

Key market imperatives

Growing risk of climate-related extreme weather threatens major disruption to supply chains, business models and economies

Consumers will increasingly demand that banks align
with their values on sustainability

Investors increasingly demand reporting and action on sustainability, punishing laggards with shareholder action and threat of divestment

Governments are globally ramping up mandatory requirements around environmental reporting and management

What banks
must do

Build resiliency and reduce financial losses; calculate
and understand the financial impact of climate change related risks

Develop new green products in financing and investment and enhance customer involvement

Transform their operating model to ensure sustainability is scaled
throughout the organization

Leverage sustainability reporting to control performance and support market communication

What if banks could…

Turn data insights into clear priority areas for rebalancing the bank’s balance sheet based on sustainable portfolio targets?

Leverage state-of-the-art platforms and AI solutions to gain more insight into sustainability needs of clients and investors?

Set up a sustainability COE to ensure focus and commitment backed by metrics and control tower for progress monitoring?

Establish a consistent way of measuring and capturing relevant data with automating reports creating transparency and efficiency?