In our latest podcast, we discuss our recent report on environmental, social & corporate governance (ESG) issues and their impact on financial institutions.
ESG issues and their impact on global financial institutions has become an increasingly important issue as the financial services industry moves to incorporate these initiatives into the day-to-day operations of their organizations.
Almost every industry is affected by the collective efforts of governments to tackle climate change, the effects of which have become all too stark in 2021. The recent scientific report from the United Nations further underscores the limited options that nations and organizations face in forestalling future catastrophes, with the U.N. Secretary-General calling the report a “code red” for humanity.
You can listen to the full podcast about the recent ESG report here.
Clearly, financial services have a critical role to play. As capital providers to a multitude of industries and as channels for investing individual wealth, banks and other financial services firms are heavily involved managing the transition from a fossil fuel-dominated economy to one supported by renewable energy.
In addition to climate-change pressures, financial institutions are also faced with growing calls to action around social justice and diversity, equality & inclusion (DEI) initiatives within their own organizations.
All of this is detailed further in a special report released by Thomson Reuters Regulatory Intelligence (TRRI), ESG: Fast-emerging challenges for financial institutions.
