Mazars’ study on sustainable finance surveying 37 banks in North and South America, Asia and Europe indicates that progress is being made, especially in the UK and France, toward reaching ESG targets. Although improvement is still required in specific areas, banks and various agencies are joining forces to achieve sustainability goals.
In today’s investment environment, sustainability objectives are regarded as highly as other important goals. European Union regulators recently implemented the Sustainable Finance Disclosure Regulation, which seeks to ensure that financial firms are honest about how sustainable their products and services are. What are the key steps financial institutions should be taking to ensure that their disclosure reporting aligns with regulatory requirements while anticipating the new demands on their capital providers?