ESG and banking

As Environmental, Social and Governance (ESG) becomes increasingly prominent, banks can no longer make claims without committing to action.

Despite an ecosystem of purpose-driven banking institutions already in the market and many large UK banks pursuing initiatives with a positive environmental or social impact, more can be done to set out practical initiatives to embed ESG into business and operating models.

We expect the market to change as ESG is promoted to the top of the strategic agenda. This could have a profound impact by shifting competition, creating new winners and losers and spurring innovation.

Our latest report offers a framework on how the banking sector can consider and introduce practical initiatives that address ESG ambitions, identify growth opportunities and meet stakeholder needs while also creating value.