Financial Services are quickly adapting to the changing sustainability demands of customers and new regulatory frameworks.
Regulation is being dramatically reshaped such that financial organisations become increasingly obligated to make consciously ethical investment decisions, becoming responsible for non-compliant ESG parties in their own value chains. However, different rules and formats apply in different countries, which causes significant compliance challenges.
At the same time, the client or consumer is becoming more aware and more expectant of sustainable and green policies committed to by their financial service provider. Sustainable financing comes handy in the wake of both risks and opportunities.
There is an urgent requirement to enable and provide a level of transparency to customers around ESG markers and data. An increasing need for firms to obtain quantifiable and comparable metrics to determine the sustainability and longevity of a business they may invest in or work with.
Download this Finextra report, produced in association with Amazon Web Services (AWS) and Tata Consultancy Services (TCS), which takes a view on the rapidly unfolding story of ESG within banking and financial services at large.
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