According to PwC’s latest ESG insights, as lenders, advisors and investors, the banking and capital markets sector has a critical role to play in financing the global transition to a net zero economy. But growing disclosure demands will have a major impact on every aspect of strategy, operations and commercial relationships. In this article PwC looks at three ways reporting can be a catalyst for transformation, helping banks turn sustainability ambition into action.
“Sustainability reporting touches every part of a bank. It will be part of the story of how you run the bank. It impacts strategy, products, distribution channels, balance sheet, capital allocation, return on equity and risk profile. A siloed and compliance-focused approach to reporting that relies on spreadsheets and creating a summary for the annual report is not going to cut it.“
Mark Batten
Banking and Capital Markets Leader, PwC UK
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