This is the moment. Banks are feeling pressure from all sides and now understand that unfettered climate change will bring catastrophic environmental impact and dire macroeconomic consequences. Banks must do more than talk about green initiatives; they must now demonstrate they can meet strict standards when it comes to climate risk reporting.
- Banks are emerging as a major force in reaching the UN´s Sustainable Development Goals (SDGs).
- Consumers, shareholders, employees and regulators are demanding a strong commitment to environmental, social and governance (ESG) priorities and are increasing pressure on banks to show results.
- With pressure coming from all sides, banking has reached a green inflection point.
Banks that visualize and execute their sustainability agendas now will have first-mover advantage in the race to meet their sustainability goals.
